China's top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm's ambition to dominate in the market where Japanese automakers are popular…The long-term plan for the plant is for the export market, said Eagle Zhao, BYD's president director in Indonesia…The plant, which is being built at an industrial complex in Subang, West Java, will have a production capacity of 150,000 EV units annually…BYD has so far introduced four models in Indonesia, namely the Seal sedan, the Atto 3 SUV, the Dolphin hatchback and the M6 seven-seater MPV, which was its most sold model out of the four last year…BYD, which overshot its global sales target to more than 4 million unit sold last year, has been stepping up its presence in Southeast Asia, challenging the car market dominated by Japanese and Korean firms.

The BYD Shenzen, its new ro-ro ship that can carry 9,200 vehicles, has officially undocked. BYD’s new car carrier is the world’s largest as the EV giant aggressively expands overseas. After sales surged last year, the Chinese EV leader looks for even more global market share in 2025…BYD sold a record 4.25 million new energy vehicles (NEVs) last year, over 40% more than it did in 2023. That includes electric vehicles (EVs) and plug-in hybrids (PHEVs)…BYD’s new car carrier is the world’s largest, capable of transporting up to 9,200 vehicles. Since 2024, BYD has launched four ro-ro ships as it expands into new overseas markets…The BYD Shenzen, named after its hometown, is not only the world’s largest but also the most environmentally friendly. According to the report, the new ship includes BYD box-type battery packs and shaft-belt generators for the first time…BYD has already entered 100 countries and regions globally, but it’s poised for even more growth in 2025…With an influx of new rivals in China, BYD is aggressively expanding into new overseas…With new vehicles launching in Mexico, Brazil, Europe, Singapore, Thailand, and many more regions this year, BYD is poised for more growth in 2025.

Democratic Republic of Congo has launched a probe into the embezzlement of over $300 million from state miner Gecamines between 2012 and 2020, the justice ministry said in a statement on Saturday…Gecamines, which holds minority stakes in several of the world's largest copper and cobalt projects, has long been dogged by accusations of corruption made by non-governmental organisations and opposition politicians…Congo's public finances watchdog, the General Inspectorate of Finances (IGF), found in 2022 that more than $400 million in tax advances and loans that Gecamines said it paid to the national treasury could not be found…Congo's justice ministry said in a statement on Saturday that it had instructed the public prosecutor to open a court case against those responsible for the "misappropriation of public funds" flagged by the IGF.