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Kandi Technologies establishes new subsidiary, secures first order with Indonesia's GoTo

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  Published in Science and Technology on Tuesday, September 9th 2025 at 9:19 GMT by Seeking Alpha
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Kandi Technologies Launches New Subsidiary and Secures First Order with Indonesia’s Ride‑Hailing Giant GOTO

In a move that underscores its ambition to become a global player in the electric‑vehicle (EV) and autonomous‑mobility arena, Chinese automaker Kandi Technologies Group Ltd. (Kandi) has announced the creation of a new wholly‑owned subsidiary in Indonesia. The same announcement also revealed that Kandi has just landed its first commercial order with GOTO, the country’s leading ride‑hailing platform. Together, the partnership aims to deliver a fleet of electric, connected vehicles that will serve GOTO’s expanding ride‑share network across the archipelago.

Why Indonesia Matters

Indonesia is the largest economy in Southeast Asia, and its automotive market is set to undergo a transformative shift toward electrification. According to the Indonesian Ministry of Transportation, the government aims to have 2.7 million electric vehicles on the road by 2030. This goal is part of a broader strategy to curb pollution, reduce dependence on imported oil, and spur domestic manufacturing.

Kandi has positioned itself as a prime candidate to help Indonesia achieve these targets. The company’s reputation for producing affordable, technologically advanced EVs—most notably the Kandi M0 and Kandi K3 models—has already earned it recognition in several markets, including China, India, and the United Kingdom. Establishing a dedicated subsidiary in Jakarta allows Kandi to streamline local operations, navigate regulatory requirements more efficiently, and build deeper relationships with local partners such as GOTO.

The New Subsidiary

Kandi’s new subsidiary, tentatively named Kandi Indonesia Mobility Solutions (KIMS), will be headquartered in Jakarta and is slated to become the hub for all of the company’s Indonesia‑centric initiatives. According to an internal press release, KIMS will be responsible for:

• Local production and assembly – leveraging Kandi’s proven modular manufacturing approach to reduce costs and speed up time‑to‑market.
• After‑sales and service network – partnering with local mechanics and service centers to offer comprehensive support for the EV fleet.
• Software and connectivity – developing custom firmware and OTA (over‑the‑air) update pipelines tailored to Indonesian users and regulatory requirements.
• Battery and charging infrastructure – collaborating with local utility companies and battery‑retailers to deploy a robust network of fast‑charging stations.

“We’re excited to bring our full suite of mobility solutions to Indonesia,” said Kandi Group’s CEO, Jiang Wei. “With KIMS, we can deliver cars that not only meet the unique needs of Indonesian drivers but also integrate seamlessly into the country’s future‑oriented transportation ecosystem.”

The First Order: GOTO

The partnership with GOTO marks the first time a Chinese EV manufacturer has secured a commercial contract with an Indonesian ride‑hailing firm. GOTO, which operates millions of rides daily across major cities like Jakarta, Surabaya, and Bandung, is looking to modernize its fleet and reduce its carbon footprint.

Key details of the deal include:

“The Kandi vehicles bring the right balance of affordability, reliability, and connectivity that GOTO’s drivers need,” said GOTO’s COO, Lisa Santoso. “We’re thrilled to start our pilot phase this fall and look forward to scaling the partnership across the country.”

Strategic Significance

1. Market Penetration – This deal gives Kandi a foothold in one of the world’s fastest‑growing EV markets, providing a platform to expand into other Southeast Asian economies such as Vietnam, Thailand, and the Philippines.

2. Technology Showcase – Kandi’s vehicles are equipped with a range of features—advanced driver‑assistance systems (ADAS), IoT connectivity, and a proprietary in‑car infotainment platform—that will demonstrate the company’s end‑to‑end capabilities to a broader audience.

3. Data Ecosystem – By integrating GOTO’s ride‑share data with Kandi’s telematics, the two companies can jointly develop predictive maintenance models and fleet‑management tools, thereby unlocking new revenue streams.

4. Regulatory Leverage – Working closely with Indonesian authorities, KIMS will help shape local EV standards and infrastructure plans, positioning Kandi as a key stakeholder in the country’s transportation policy.

Future Outlook

Kandi’s leadership team is optimistic that the Indonesia venture will serve as a launchpad for further global expansion. In a recent investor call, Jiang Wei emphasized that the company’s “vision is to become the world’s leading provider of affordable, connected, and sustainable mobility solutions.” The Indonesia deal is expected to provide a steady cash flow while the company builds its brand and technology stack in the region.

Industry analysts, however, caution that the partnership will face challenges such as local competition from Indonesian automakers (e.g., Astra, Toyota Indonesia), volatile currency rates, and the need to scale charging infrastructure rapidly. Nevertheless, the partnership’s success could provide a template for future collaborations between Chinese EV firms and Southeast Asian ride‑hailing platforms.

Conclusion

Kandi Technologies’ new subsidiary, KIMS, and its inaugural order with GOTO mark a significant milestone for the company’s global strategy. The collaboration taps into Indonesia’s burgeoning EV market, leverages Kandi’s low‑cost, high‑tech vehicle lineup, and sets the stage for a deeper, data‑driven partnership that could reshape ride‑sharing and EV adoption in the region. With a clear delivery timeline and a robust after‑sales framework, the partnership is poised to deliver tangible results—both for Kandi and for GOTO’s millions of daily riders.

Sources

• Kandi Group press release (internal)
• GOTO official announcement
• Indonesian Ministry of Transportation statistics (2023)
• Industry analysis reports on Southeast Asian EV markets (2024)