Indonesian Tesla resumes talks with Elon Musk on electric cars and batteries

Last month, Indonesia’s talks with Tesla to build a factory on the archipelago broke down, as the latter was interested in building energy-saving (i.e. powerwall) batteries instead of its famous electric car. Now, Jakarta Globe A Republican delegation has reportedly resumed talks with Tesla boss Elon Musk.

The group, which includes Economic Affairs Coordinating Minister Luhut Binsar Pandjaitan and Anindya Bakri, chairman of the advisory council of the Indonesian Chamber of Trade and Industry, joined the company to join Tesla’s new Gigafactory and the Austin, Texas headquarters. Indonesia’s growing nickel and electric vehicle industry. Coincidentally, the trip happened the day Twitter received a bid from Mask to buy the social media platform for 44 44 billion (RM191.7 billion).

“Our aim was to persuade Tesla to seek cooperation with Indonesia on the supply and processing of nickel as a raw material for building battery cells based on good and sustainable environment, social and governance (ESG).” [practices].

“We have also introduced the G20 / B20 program and invited him to join the international advisor Caucus B20 and to attend the B20 event in mid-November,” Anindya said on social media. Indonesia will host the G20 summit in November, and Business 20 (B20) is the G20’s Business Engagement Group.

Pandu Zahri, nephew of Luhut and director of the coal mine Toba Bara Sejahatra, who was also present, said: Hopefully, this meeting can bring more high-tech investment in Indonesia and Indonesia can become an important part of the global electric car industry supply chain.

Indonesia has long been pushing for investment in electric vehicles and batteries, with its nickel and cobalt reserves – used in lithium-ion batteries – as well as bauxite that can be converted to aluminum. The country, which has the largest nickel reserves in the world, wants to build a complete supply chain for battery chemical extraction from metals, not just exports.

Hyundai is building a new EV (starting with Ionic 5) at its new plant in Sikarang and will also build a battery cell plant with LG Energy Solutions that will be operational in 2024. This month, the country announced US $ 15 billion (RM65 billion). The cost of investing in the development of an EV battery infrastructure from China’s Ningbo contemporary Brunop Legend (a subsidiary of CBL, CATL) and LG Energy Solutions.

Reports of potential Tesla involvement were first published in October 2020, leading to a meeting that included Luhut. This was followed by an investment proposal that was made public in February 2021, but no follow-up since then. The deal was put on the back burner, Jakarta Globe Wrote, because the carmaker was “too demanding and refused to meet Indonesian conditions,” Luhut said last month.

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