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Tesla Teams To Visit Indonesia To Check On Investment In EV Components-government

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JAKARTA: Tesla, the U.S. automaker, will ship delegations to Indonesia subsequent month to debate potential funding in a provide chain for its electrical automobiles, the federal government stated on Saturday in a press release.

President Joko Widodo has touted Indonesia’s nickel reserves on plenty of events, telling Reuters final month that “it’s very important because we have a great plan to make Indonesia the biggest producer of lithium batteries and we have the biggest nickel (reserves).”

The president and Luhut Pandjaitan, the coordinating minister for maritime and funding, have been on a name with Tesla CEO Elon Musk on Friday to debate “investment opportunities from electric vehicles company Tesla in Indonesia,” the ministry stated.

Tesla didn’t instantly reply to a Reuters request for remark.

Luhut advised Reuters final month that “there is a really good chance” that firms will wish to spend money on Indonesian nickel processing to chop prices.

Musk has stated he’s planning to supply a ‘big contract for a protracted time frame” as long as the nickel is mined “efficiently and in an environmentally sensitive way”.

Indonesia is eager to develop a full provide chain for nickel at house, particularly for extracting battery chemical substances, making batteries and ultimately constructing EVs.

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