Indonesia receives investment proposal from Tesla: official

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla, the country's deputy head for investment and mining coordination, Septian Hario Seto, told reporters on Friday.

FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo

Indonesia is the world’s biggest nickel producer, a material crucial for EV batteries, and has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans. Septian said he could not give details of the proposal due to a non-disclosure agreement, but said that the focus of their discussions had been on batteries and energy storage solutions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Indonesian president felt compassion knowing that Elon Musk has to sell his cars to support his family.

Do you think this is what people really need right now?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines