Indonesia has long courted Tesla, last year striking a $6.7 billion nickel supply agreement with the carmaker. Read more at straitstimes.com.
JAKARTA – Tesla is close to sealing a preliminary deal to set up a factory in Indonesia, according to people familiar with the matter, as Mr Elon Musk’s electric vehicle pioneer looks to capitalise on the South-east Asian nation’s reserves of key battery metals.
Mr Musk and representatives for Tesla didn’t immediately respond to an email seeking comment. Indonesian Investment Minister Bahlil Lahadalia said talks with Tesla are being led by the coordinating ministry for maritime affairs and investment when asked about the potential deal on Wednesday. A representative for the ministry didn’t immediately respond to requests for comment.with the carmaker.
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