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View all search resultsIndonesia continues negotiations with Tesla after G20
The latest news about the negotiation came after the government invited Tesla CEO Elon Musk to the Group of 20 Leaders’ Summit in Nusa Dua, Bali.
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The Indonesian government said it was negotiating with United States carmaker Tesla amid reports that both parties were getting closer to an agreement to build production facilities in Indonesia.
Coordinating Maritime and Investment Affairs Minister Luhut Pandjaitan told Reuters on Thursday that negotiations between the two parties are “still ongoing”.
The latest news about the negotiation came after the government invited Tesla CEO Elon Musk to the Group of 20 Leaders’ Summit in Nusa Dua, Bali.
Luhut, who leads the talks with Tesla, declined to disclose further details, citing a non-disclosure agreement.
As the world’s largest producer of nickel, a key ingredient in electric vehicle (EV) battery production, the country has targeted to become a global EV hub and has invited the largest electric carmakers and battery producers to invest in Indonesia. It has also banned the export of nickel ore and pushed the construction of more smelters to process the mineral.
Hyundai started production of EVs in Cikarang, West Java, last year while a battery production hub, supported by investment from LG Energy Solution, was inaugurated in Batang, Central Java, and is targeted to begin production in 2024.
The government has been wooing Tesla to invest in the country over the past few years. President Jokowi “Jokowi” Widodo and Luhut visited the Tesla headquarters and met CEO Elon Musk during their visit to the US in May last year.
