Tesla has reportedly agreed to build a battery and electric vehicle factory in Indonesia, according to the country’s head of investments. The comment comes after Musk met with the Indonesian president.
Last week we reported on Tesla being rumored to be near a deal for a battery venture in Indonesia after a new round of talks with representatives of the automaker and the Indonesian government; it wasn’t the first time that talks of Tesla making a major investment in Indonesia had emerged.
In 2020, we reported on Tesla allegedly being in talks with the Indonesian government to build a new nickel venture in the country, which has a strong nickel reserve – nickel is one of the main materials used in the production of cathodes for battery cells used in electric vehicles. The move came after CEO Elon Musk pleaded with mining companies to increase their nickel production.
Later, we also learned that Tesla was actually in talks with Indonesia not just about nickel, but to possibly build a full battery factory in the country. After a pause in the talks, things ramped up again earlier this month after Tesla sent a...
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