ST’s Smart Mobility products and solutions are making driving safer, greener and more connected through the combination of several of our technologies. After effectively ending the economic slowdown in 2016, the Indonesian economy is expected to show accelerating economic in the years ahead, something that boosts people’s purchasing power as well as consumer confidence. One of the key reasons that explains why Indonesia’s economy ended the slowdown in 2016 was because of improving commodity prices (rising commodity prices tend to boost car sales on the resource-rich islands of Kalimantan and Sumatra). Due to the easier monetary policy and the end of the economic slowdown in 2016 (GDP growth accelerated to 5.02 percent y/y), Indonesian car sales finally rebounded in 2016.
- Regulatory and customer expectations to cut emissions, reduce ownership costs and provide smarter services; all of which require new ideas and solutions which go far beyond drivetrain and vehicle optimization.