VinFast's Green SM taxis have become a familiar sight in Jakarta as the Vietnamese electric carmaker builds brand recognition in the Indonesian capital. © Getty Images

EV tigers BYD and VinFast set electric pace in Asia

Huge investments help carmakers grab market share in regional stronghold of Japanese rivals

MAI NGUYEN and NATSUMI KAWASAKI

March 25, 2026 06:00 JST

HANOI/JAKARTA -- In the busy centre of Jakarta, the world's most populous city, people are noticing how brightly-colored electric cars, displaying the marques of either China's BYD or Vietnam's VinFast, are gradually taking over the streets.

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EV tigers BYD and VinFast set electric pace in Asia

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