XPeng Acquires Majority Stake in PT Era Industri Otomotif to Strengthen Indonesia EV Operations

XPeng International Holding (Hong Kong) Limited has officially become the majority shareholder of PT Era Industri Otomotif (EIDO) following a material transaction involving PT Sinar Eka Selaras Tbk. The transaction was disclosed to Indonesia’s Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) on May 18, 2026, with the shareholding change taking effect on May 13. The move strengthens XPeng’s operational footprint in Indonesia as the company continues expanding its electric vehicle manufacturing and assembly activities across Southeast Asia.

Under the revised ownership structure, XPeng International Holding acquired a 90.1% stake in EIDO from PT Sinar Eka Selaras. Following the transaction, PT Sinar Eka Selaras continues to hold a 9.9% minority stake in the company, while Budiarto Halim no longer retains any ownership interest. The announcement highlighted that the transaction represents a material corporate action but does not alter the operational responsibilities already assigned across the group’s subsidiaries.

Updated Shareholding Structure of PT Era Industri Otomotif

The following table outlines the ownership changes implemented after the completion of the transaction involving XPeng International Holding and PT Era Industri Otomotif.

Despite the ownership restructuring, the company confirmed that distribution, sales, and after-sales operations for XPeng vehicles in Indonesia will continue to be managed through existing subsidiaries. EIDO will maintain its strategic role in electric vehicle manufacturing and assembly activities, ensuring operational continuity while supporting XPeng’s broader regional growth objectives. The structure allows the company to separate manufacturing functions from commercial and customer support activities while maintaining coordinated market operations.

The development reflects increasing investment momentum within Indonesia’s electric vehicle ecosystem, particularly in localized manufacturing and assembly capabilities. As global EV manufacturers strengthen their positions in Southeast Asia, Indonesia continues attracting strategic partnerships and investments due to its expanding automotive market, industrial policies, and growing electrification initiatives. XPeng’s majority acquisition of EIDO further reinforces the importance of localized production strategies in supporting long-term regional expansion.

Frequently Asked Questions

Why did XPeng acquire a majority stake in PT Era Industri Otomotif?
XPeng acquired a 90.1% stake in PT Era Industri Otomotif to strengthen its electric vehicle manufacturing and assembly presence in Indonesia. The transaction supports the company’s broader regional expansion strategy across Southeast Asia while allowing localized production operations to continue under EIDO. The acquisition also helps XPeng establish stronger operational control over manufacturing activities while distribution, sales, and after-sales services remain managed through existing subsidiaries operating within the Indonesian automotive market.

Will the transaction change XPeng’s vehicle sales and after-sales operations in Indonesia?
The transaction does not change XPeng’s distribution, sales, or after-sales service structure in Indonesia. Existing subsidiaries will continue handling customer-facing operations while PT Era Industri Otomotif remains focused on electric vehicle manufacturing and assembly activities. The separation of operational responsibilities is intended to maintain business continuity and support long-term growth objectives. The restructuring primarily impacts ownership and manufacturing control rather than dealership networks, customer support systems, or after-sales service operations within the Indonesian market.