SGMW Motor Indonesia

PT SGMW Motor Indonesia is a subsidiary owned by SAIC Motor and SAIC-GM-Wuling. It is the first Chinese automotive company to build a manufacturing plant in Indonesia.

PT SGMW Motor Indonesia
Company typeSubsidiary
IndustryAutomotive
Founded2015
Headquarters
Area served
Indonesia
Key people
Shi Guoyong (President-Director)
ProductsPassenger cars
Light commercial vehicles
Production output
Decrease 24,456 vehicles (2023)
BrandsWuling Motors
MG Motor
Chevrolet (formerly, export only)
OwnersSAIC Motor (74.92%)[1]
Websitehttp://wuling.id

Unlike their operations in China, SGMW Indonesia only market vehicles in one marque, Wuling Motors, instead of both Wuling and Baojun. However, the facilities also produce Chevrolet for exports and shared its facilities to manufacture MG Motor electric cars[2][3]

In 2018, Wuling Motors is the ninth largest automotive manufacturing company in Indonesia and the sixth largest passenger car manufacturing company in Indonesia by sales and production.[4] In 2022, their Wuling Air EV is the best-selling electric vehicle in Indonesia.[5]

History

The company started its operation by building its first plant in Greenland International Industrial Center in Cikarang, Bekasi Regency, West Java province on August 20, 2015.[6] Built on a 600,000 m2 land including the supplier park, the plant was built for the production and manufacture of automobile in Indonesia and to set up an export base for Southeast Asia. The investment of the project is around US$700 million. The plant is expected to produce up to 150,000 vehicles in a year in its maximum capacity and is estimated to create 3,000 jobs for Indonesia.[7]

In August 2016, SGMW Motor Indonesia joined the 2016 Gaikindo Indonesia International Auto Show and showcased the Wuling Hongguang S1 and Baojun 730.[8][9] On July 11, 2017, the plant officially started its operations for mass production and was inaugurated by the vice president of Indonesia, Jusuf Kalla.[10] Their first product was a compact MPV named Confero, which is a rebadged Hongguang S1.[11] Initial pricing started at Rp 128 million, making it the cheapest MPV in its respective class.[12] At the end of 2017, Wuling Motors quickly climbed into the top-10 car brand in Indonesia by production and sales.[13]

On February 9, 2018, the company launched the Cortez, a rebadged Baojun 730.[14] On November 7, 2018, Wuling launched the Formo as a commercial variant of the Confero.[15] At the end of 2018, Wuling missed the targeted vehicle sales of 30,000 units, instead recorded 17,002 units for the wholesales figure and 15,162 units for the retail sales figure.[16]

On February 27, 2019, Wuling unveiled the Almaz, a rebadged Baojun 530 as their first SUV in Indonesia.[17] Wuling announced that it would export Almaz to Thailand, Brunei and Fiji as the Chevrolet Captiva.[18]

On August 10, 2022, SGMW Motor Indonesia introduced its first electric car in Indonesia, Wuling Air EV.[19] On April 2023, Indonesian buyers of the car will receive incentives of battery-based electric cars, in the form of VAT subsidies, from 11% to 1%.[20] Wuling Air EV is the best selling electric car in Indonesia for 2022, account for 77.98% of electric car sales in the country for 2022.[5]

In February 2023, Wuling announced Alvez, a rebadged Wuling Xingchi as their second SUV in Indonesia.[21]

On August 18 2023, PT SGMW Motor Indonesia said that its production facilities will be shared with PT SAIC Motor Indonesia[22] to manufacture MG Motor (other brand owned by SAIC, the parent company of SGMW),[2][3] which targeted to commence production of MG4 EV and MG ZS EV[23] in February 2024.[24]

On November 16, 2023, the company announced Binguo EV as their second electric car to enter Indonesia.[25]

Models

ModelIndonesian introductionCurrent modelCurrent production status
IntroductionUpdate/facelift
Hatchback

AIR EV
Air EV20222022Assembled in Indonesia

BINGUO EV
Binguo EV20232023Assembled in Indonesia

4 EV
4 EV20232023Assembled in Indonesia since 2024

CLOUD EV
Cloud EV20242024Assembled in Indonesia
SUV/crossover

ALVEZ
Alvez20232023Assembled in Indonesia

ZS EV
ZS EV202120212023Assembled in Indonesia since 2024

ALMAZ
Almaz201920192023Assembled in Indonesia
MPV

CONFERO
Confero201720172021Assembled in Indonesia

CORTEZ
Cortez201820182022Assembled in Indonesia
Light commercial vehicle

FORMO
Formo201820182023Assembled in Indonesia

Sales

Production[4]
YearConferoFormoFormo MaxCortezAlvezAlmaz/

Chevrolet Captiva

Air EVBinguo EVTotal
20176,0261236,149
20189,5581326,45616,146
20199,4752512,58112,67324,980
20203,2683211,4262,3387,353
202110,5611,3754,31410,02726,277
202210,8318152454,5875,5418,42230,441
20236,0779421,3743875,9562,2975,6261,79724,456
Total135,802
Wholesales[4]
YearConferoFormoFormo MaxCortezAlvezAlmazAir EVBinguo EVTotal
20174,958925,050
201811,062835,85717,002
20199,1373013,1609,74322,341
20203,0603885,6761,94711,071
202110,4889994,4239,69425,604
202210,8441,2853,9055,4068,05329,493
20235,8877631,3198245,9231,8565,5751,39323,540
Total134,101
2019 Chevrolet Captiva (Thailand)
Retail[4]
YearTotal
20173,268
201815,162
201921,112
20209,523
202123,920
202224,270
202325,992
Total123,247
Exports[4]
YearChevrolet Captiva/

Almaz

CortezFormoAir EV
20192,696
202058427
2022313326
202321271,504
Total3,31342101,530

References