Indonesia Receives Official Investment Offer From Tesla

Indonesia Receives Official Investment Offer From Tesla

Tesla To Start EV Manufacturing India Possibly Followed by Indonesia

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Tesla is entering India with manufacturing. Tesla will set up an electric car manufacturing unit in Karnataka region of India. Tesla next factory after India may be Indonesia.\n\nIndia’s Karnataka region’s Chief Minister BS Yediyurappa on Saturday said that American car maker Tesla will set up an electric car manufacturing unit in Karnataka. The statement was a part of the list of benefits promised to Karnataka in the Union Budget.\n\nIndia has very high import taxes that make Tesla’s cars unaffordable for most of the country’s population. For this reason, those interested in buying the cars have wanted a production facility in the country, and in January, it was finally confirmed.\n\nThe timeframe and manner in which Tesla will operate in India is yet to be decided.\n\nIn December 2020, Torque News reported that Tela will start operations in India for the first time in 2021 and look for a possible assembly, possibly making India home for its next Gigafactory.\n\nThis is a really big news today for Tesla and India as Tesla is entering the Indian market with a manufacturing unit.\n\nIn parallels to Tesla and India, Tesla may also start battery manufacturing or a Gigafactory in Indonesia. \n\nAn Indonesian official has confirmed earlier reports that the government will begin early talks with Tesla over a potential investment in the development of Li-ion batteries in the country. News of an investment proposal was first revealed by the country’s deputy head for investment and mining coordination, Septian Hario Seto.\n\n#Tesla\n#TeslaIndia\n\nThis is Armen Hareyan from Torque News. Please follow us at on Twitter and for daily automotive news.\n\nReference\nThe News Minute\\nArmen Hareyan Torque News\nTorque News

Indonesia Receives Official Investment Offer From Tesla

Indonesia has received an investment proposal from the American electric vehicle manufacturer Tesla, Septian Hario Seto, deputy head of the country for coordination of investments and mining, told reporters on Friday..

Indonesia is the world’s largest producer of nickel, a material needed for electric vehicle batteries.Indonesia Receives Official Investment Offer From Tesla State officials have publicly persuaded Tesla to invest in the country, developing ambitious plans for the production of electric vehicles and batteries.

«I got their offer yesterday morning …Indonesia Receives Official Investment Offer From Tesla next week we will meet with them (virtually) for an official clarification», – said Septian.

Septian said he could not provide details of the proposal due to a nondisclosure agreement, but said the focus of their discussion was on batteries and other energy storage solutions..

«If they just want to buy raw materials, we are not interested. This (proposal) goes beyond simple procurement of raw materials», – he added.

Once the largest exporter of nickel, Indonesia stopped supplying nickel last year. The country intends to create its own complete nickel supply chain – starting with mining and then converting the ore into metals and chemicals used in batteries to meet the demand for electric vehicles..

Tesla said last year that it was looking for reliable sources of nickel around the world after warning that the current cost of batteries remains an obstacle to its growth..