Indonesia Receives Official Investment Offer From Tesla

Indonesia Receives Official Investment Offer From Tesla

Elon Musk May Build Tesla Battery Factory in Batang, Indonesia

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According to CNBC Indonesia, Tesla might be laying down plans to build a dedicated battery factory in Indonesia. Indonesian officials point to ongoing talks with Tesla, saying \”you put the investment here today, we will give the reserves.\” \n\nThe report says Tesla is currently exploring the construction of a battery factory in Indonesia. The latest news is that Tesla is being directed by the government to build its factory in the integrated industrial area of ​​Batang, Central Java, which is being built by the government.\n\nMinister of Industry (Menperin) Agus Gumiwang confirmed about Tesla’s plan, he said that Tesla would later be directed to build a factory in Batang. Currently the discussion process between Tesla and the government is still ongoing.\n\nThe news that Tesla is interested in building a battery factory in Indonesia has been growing since last month. Even the Coordinating Minister for Maritime Affairs and Investment, General TNI (Purn)\n\”Before I end my remarks, I would like to convey again that there are many who are interested in investing in Indonesia, I just received a call from Tesla in America, they are also interested in building a lithium battery (factory) in Indonesia,\” said Luhut Wednesday (9/9/2020).\n\nAccording to Luhut, Tesla’s management is interested in investing because Indonesia has the largest nickel reserves in the world. Tesla’s management even asked whether the country’s nickel reserves were adequate.\n\n\”I said you put the investment here today, we will give the reserves,\” said Luhurt.\n\nThe government’s efforts to bring Tesla to build a factory to Batang are not surprising. This area is indeed prepared for factory relocation from outside with incentives for free land leases for 10 years. In fact, as many as 153 foreign and foreign companies have queued to enter Indonesia, including Batang.\n\n#Tesla\n#TeslaBatteryFactoryinIndonesia\n#TeslaIndonesia\n\nThis is Armen Hareyan from Torque News. Please, visit us at https://www.TorqueNews.com for daily car sector news and follow us on Twitter at https://twitter.com/torquenewsauto for daily automotive sector tweets. And if you would like to support our channel, I would really appreciate buying us animated applause once a month by clicking on the applaud button, which is next to the Like button, if you are watching this video on a desktop. You can go to https://www.TorqueNews.com/tesla for our daily Tesla news coverage.\n\nReference\nCNBC Indonesia https://www.cnbcindonesia.com/news/20201019091456-4-195282/gokil-tesla-elon-musk-bakal-bangun-pabrik-di-batang-jateng

Indonesia Receives Official Investment Offer From TeslaIndonesia 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. State officials have publicly persuaded Tesla to invest in the country, developing ambitious plans for the production of electric vehicles and batteries.

«I received their offer yesterday morning … 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..