JAKARTA : Indonesian President Joko Widodo is confident Tesla Inc will finalise a deal to invest in a production facility in his country, having offered the U.S. car maker incentives ranging from tax breaks to a concession to mine nickel.Southeast Asia's largest economy has been wooing Tesla to invest in
JAKARTA : Indonesian President Joko Widodo is confident Tesla Inc will finalise a deal to invest in a production facility in his country, having offered the U.S. car maker incentives ranging from tax breaks to a concession to mine nickel.
"I said to him that if you invest in Indonesia, I will give the concession of nickel," Jokowi said, referring to Indonesia's offer of a mining concession. Jokowi said it was up to Tesla to take up the offer to mine nickel, underlining that Indonesia is open to investment in the EV battery and electric car supply chain.Tesla did not immediately respond to a request for comment.
Analysts have said Mexico could have an edge to win the Tesla investment because of the proximity to its main market in the United States, an established supply base for components and because vehicles built there could qualify for Biden administration consumer tax credits.If Tesla were to invest in battery production in Indonesia, it would be its first facility of that kind in Asia. Last month, the company announced a $3.6-billion investment to expand battery production at its Nevada factory.
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