Bahlil lahadalia, Minister of investment of Indonesia, revealed that Tesla has agreed to invest in the construction of electric vehicles and battery factories in Indonesia, and said that Tesla will enter Indonesia this year. However, bahlil lahadalia said that he could not disclose the specific month Tesla entered Indonesia, because the two sides have not signed an agreement, and Tesla's specific investment amount is still in a confidential state and needs to wait for the formal agreement to be signed.
According to foreign media reports, Tesla has been in frequent contact with Indonesia for some time. A team from Indonesia and Tesla is negotiating. A number of senior Indonesian officials have visited Texas in recent weeks and met with Tesla CEO musk.
Local media in Indonesia said in the report that bahlil lahadalia revealed that Tesla is considering building an electric vehicle factory in Central Java province. The teams of Indonesia and Tesla are negotiating on this. They hope to reach a reliable investment plan by the end of the year.
Indonesia, which is rich in nickel ore resources, has become the investment target of many electric vehicle battery manufacturers and electric vehicle manufacturers. The joint venture battery plant of LG new energy and Hyundai Motor in Indonesia began construction in September last year. It was also reported in June 2019 that Toyota plans to invest US $2 billion to develop electric vehicles in Indonesia.
Indonesia is also using its rich nickel ore resources to develop battery and other related industries. They have banned the export of raw nickel ore in January 2020. At the beginning of this year, Indonesia also said that the ban on the export of nickel raw ore had a positive effect, attracted a large amount of investment in nickel mining, and the export of nickel derivatives also increased significantly.