SGMW Motor Indonesia

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

PT SGMW Motor Indonesia

Company type	Subsidiary
Industry	Automotive
Founded	2015
Headquarters	Cikarang, Bekasi Regency, West Java, Indonesia
Area served	Indonesia
Key people	Shi Guoyong (President-Director)
Products	Passenger cars Light commercial vehicles
Production output	24,456 vehicles (2023)
Parent	SAIC-GM-Wuling
Website	http://wuling.id

Unlike their operations in China, SGMW Indonesia only market vehicles in one marque under Wuling, instead of both Wuling and Baojun. However, the facilities also produce Chevrolet for exports and shared its facilities to manufacture MG Motor electric cars.^[1][2]

In 2018, Wuling Motors was the ninth largest automotive manufacturing company in Indonesia and the sixth largest passenger car manufacturing company in Indonesia by sales and production.^[3]

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.^[4] 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.^[5]

In August 2016, SGMW Motor Indonesia joined the 2016 Gaikindo Indonesia International Auto Show and showcased the Wuling Hongguang S1 and Baojun 730.^[6][7] On July 11, 2017, the plant officially started its operations for mass production and was inaugurated by the vice president of Indonesia, Jusuf Kalla.^[8] Their first product was a compact MPV named Confero, which is a rebadged Hongguang S1.^[9] Initial pricing started at Rp 128 million, making it the cheapest MPV in its respective class.^[10] At the end of 2017, Wuling Motors quickly climbed into the top-10 car brand in Indonesia by production and sales.^[11]

On February 9, 2018, the company launched the Cortez, a rebadged Baojun 730.^[12] On November 7, 2018, Wuling launched the Formo as a commercial variant of the Confero.^[13] 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.^[14]

On February 27, 2019, Wuling unveiled the Almaz, a rebadged Baojun 530 as their first SUV in Indonesia.^[15] Wuling announced that it would export Almaz to Thailand, Brunei and Fiji as the Chevrolet Captiva.^[16]

On August 10, 2022, SGMW Motor Indonesia introduced its first electric car in Indonesia, Wuling Air EV.^[17] In 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%.^[18] 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.^[19]

In February 2023, Wuling announced Alvez, a rebadged Wuling Xingchi as their second SUV in Indonesia.^[20]

On August 18, 2023, PT SGMW Motor Indonesia said that its production facilities will be shared with PT SAIC Motor Indonesia^[21] to manufacture MG Motor (other brand owned by SAIC, the parent company of SGMW),^[1][2] which commenced production of MG4 EV and MG ZS EV in February 2024.^[22][23]

On November 16, 2023, Wuling announced Binguo EV as their second electric car to enter Indonesia.^[24]

On February 15, 2024, Wuling announced the Cloud EV as their third electric to enter Indonesia, to complete their 'ABC Trio' electric car lineup.^[25][26]

Models

Model		Indonesian introduction	Current model		Current production status
			Introduction	Update/facelift
Hatchback
	Air EV	2022	2022	–	Assembled in Indonesia
	Binguo EV	2023	2023	–	Assembled in Indonesia
	Cloud EV	2024	2024	–	Assembled in Indonesia
SUV/crossover
	Alvez	2023	2023	–	Assembled in Indonesia
	Almaz	2019	2019	2023	Assembled in Indonesia
MPV
	Confero	2017	2017	2021	Assembled in Indonesia
	Cortez	2018	2018	2022	Assembled in Indonesia
Light commercial vehicle
	Formo	2018	2018	2023	Assembled in Indonesia

Sales

Production^[3]

Year	Confero	Formo	Formo Max	Cortez	Alvez	Almaz/ Chevrolet Captiva	Air EV	Binguo EV	Total
2017	6,026	–		123		–			6,149
2018	9,558	132		6,456		–			16,146
2019	9,475	251		2,581		12,673			24,980
2020	3,268	321		1,426		2,338			7,353
2021	10,561	1,375		4,314		10,027			26,277
2022	10,831	815	245	4,587		5,541	8,422		30,441
2023	6,077	942	1,374	387	5,956	2,297	5,626	1,797	24,456
Total									135,802

Wholesales^[3]

Year	Confero	Formo	Formo Max	Cortez	Alvez	Almaz	Air EV	Binguo EV	Total
2017	4,958	–		92		–			5,050
2018	11,062	83		5,857		–			17,002
2019	9,137	301		3,160		9,743			22,341
2020	3,060	388		5,676		1,947			11,071
2021	10,488	999		4,423		9,694			25,604
2022	10,844	1,285		3,905		5,406	8,053		29,493
2023	5,887	763	1,319	824	5,923	1,856	5,575	1,393	23,540
Total									134,101

2019 Chevrolet Captiva (Thailand)

Retail^[3]

Year	Total
2017	3,268
2018	15,162
2019	21,112
2020	9,523
2021	23,920
2022	24,270
2023	25,992
Total	123,247

Exports^[3]

Year	Chevrolet Captiva/ Almaz	Cortez	Formo	Air EV
2019	2,696
2020	584	27
2022	31	3	3	26
2023	2	12	7	1,504
Total	3,313	42	10	1,530