Tesla Teams To Visit Indonesia To Discuss Investment In EV Components Says Government: Report

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  • Indonesia aims to become the biggest producer of lithium batteries
  • Musk has said he is planning to offer a ‘giant contract for a long period of time” so long as the nickel is mined “efficiently and in an environmentally sensitive way”

As per a report by Reuters, Tesla will send delegations to Indonesia next month to discuss potential investment in a supply chain for its electric vehicles, the government said in a statement. As per the report, President Joko Widodo has touted Indonesia’s nickel reserves on a number of occasions, telling Reuters last month that “it’s very important because it plans to make Indonesia the biggest producer of lithium batteries and the country has the biggest nickel reserves.”Tesla did not immediately respond to a Reuters request for comment.”

The report added that the president and Luhut Pandjaitan, the coordinating minister for maritime and investment, were on a call with Tesla CEO Elon Musk to discuss “investment opportunities from electric vehicles company Tesla in Indonesia a sper the ministry.

“giant contract for a long period of time”

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Tesla did not immediately respond to a Reuters request for comment. The report added that Luhut told Reuters last month that “there is a really good chance” that companies will want to invest in Indonesian nickel processing to cut costs.

As per the report, Musk has said he is planning to offer a ‘giant contract for a long period of time” so long as the nickel is mined “efficiently and in an environmentally sensitive way”.Indonesia is interested to develop a full supply chain for nickel at home. It wants to do it especially for extracting battery chemicals, making batteries and eventually building EVs added the report.

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