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Indonesia Receives Investment Proposal From Tesla, Says Official: Report

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  • Indonesia is the world’s biggest nickel producer, which is crucial for EV batteries
  • The report added that Indonesia has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans

As per a report by Reuters, Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla , the country’s deputy head for investment and mining coordination, Septian Hario Seto, told reporters. Indonesia is the world’s biggest nickel producer, which is crucial for EV batteries. The report added that Indonesia has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans.

The report added that Septian said that he received their proposal yesterday morning and next week we will meet them (virtually) to get an official explanation. Septian said he could not give details of the proposal due to a non-disclosure agreement. He said that the focus of their discussions had been on batteries and energy storage solutions.

Proposal is beyond just taking the raw material

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The report said that he added that if they only want to buy raw materials, we are not interested. This (proposal) is beyond just taking the raw material. Indonesia stopped nickel shipments last year, in an effort to develop a full nickel supply chain, starting from extraction, then processing into metals and chemicals used in batteries, to meet the demand for electric vehicles (EVs).

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