[ad_1]
Tesla is once more rumored to be close to a deal for a significant new battery enterprise in Indonesia after a brand new spherical of talks with officers and even CEO Elon Musk assembly with the Indonesian President Joko “Jokowi” Widodo.
Tesla and Indonesia
It’s not the primary time that talks of Tesla making a significant funding in Indonesia have emerged.
In 2020, we reported on Tesla allegedly being in talks with the Indonesian authorities to construct a brand new nickel enterprise within the nation, which has a powerful nickel reserve.
Nickel is without doubt one of the primary supplies used within the manufacturing of cathodes for battery cells utilized in electrical automobiles.
The transfer got here after CEO Elon Musk pleaded with mining corporations to extend their nickel manufacturing.
Later, we additionally discovered that Tesla was truly in talks with Indonesia not nearly nickel, however to presumably construct a full battery manufacturing unit within the nation.
As we detailed in our earlier report on Tesla’s curiosity in Indonesia, the nation is without doubt one of the world’s largest nickel producers, however it has additionally lately put a ban on exporting nickel ore so as to encourage the business to course of it domestically.
In brief, the nation is saying that if you need its assets, you’re going to should create jobs and course of nickel domestically and even produce the battery cells within the nation.
The technique has been working with LG Power signing an enormous ~$10 billion deal to make batteries in Indonesia. CATL additionally introduced a big funding in battery manufacturing within the nation.
LG Power and CATL are each suppliers of battery cells for Tesla, however now it appears just like the automaker getting immediately concerned in Indonesia is again within the playing cards.
A brand new spherical of talks with Tesla, and Musk meets President Jokowi
After a yr with out new info on Tesla’s plans in Indonesia, the rumor mill is again in operation amid a brand new spherical of talks between Tesla and officers.
Throughout an interview final week, CEO Elon Musk was immediately requested if Tesla plans a battery or cathode manufacturing unit in Indonesia, and the CEO refused to remark.
Now we discovered that whereas he was requested that query, Tesla truly had representatives in Indonesia to speak with authorities officers (by way of Reuters):
Representatives from Tesla have been in Indonesia final week for conferences relating to a possible battery-related funding, Indonesian officers and two folks conversant in the talks have stated.
Rumors that the 2 events at the moment are nearer to a deal are ramping up as Musk then met President Jokowi over the weekend.
They’ve reportedly met at Tesla Gigafactory Texas earlier than Musk invited the president to go to SpaceX’s services in Boca Chica, Texas:
Representatives for the president stated that they mentioned “a possible funding in Indonesia’s nickel business and provide of batteries for electrical automobiles.”
Musk beforehand stated that Tesla goals to announce places for brand new factories by the tip of the yr.
FTC: We use revenue incomes auto affiliate hyperlinks. Extra.
Subscribe to Electrek on YouTube for unique movies and subscribe to the podcast.
[ad_2]
Source link
