Indonesia receives investment proposal from Tesla: official

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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.

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