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Indonesia says in early talks with Tesla on potential investment

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Indonesia's government is in early discussions with electric vehicles maker Tesla Inc about a potential investment in the Southeast Asia country, ...

Indonesia's government is in early discussions with electric vehicles maker Tesla Inc about a potential investment in the Southeast Asia country, a major producer of nickel, an official said.

Indonesia is keen to develop a full supply chain for nickel at home, especially for extracting battery chemicals, making batteries and eventually building EVs.It has stopped exports of unprocessed nickel ore to support investment in its domestic industries. Indonesia last month said it had secured a deal to build a lithium battery plant in the country with South Korean LG Chem Ltd and China's Contemporary Amperex Technology Ltd .

 

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