EV-a2zEV-a2z
Notification Show More
Aa
  • News
    • EV Type
      • BEV
      • HEV
      • PHEV
      • FCEV
    • System
      • EV
      • Battery
      • Charging Infra
    • Veh. Type
      • Bike
      • 3 Wheeler
      • Car
      • Bus
      • Truck
      • Aircraft
    • Country
      • United States
      • United Kingdom
      • Australia
      • India
      • China
      • Germany
      • Japan
      • Canada
    • Company
      • Tesla
      • BYD
      • General Motors
      • Ford
      • Toyota
      • Volkswagen
      • Hyundai
      • Stellantis
    • Energy
      • Solar Energy
      • Wind Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Search
© EV-a2z. All Rights Reserved.
Reading: Tesla to invest “quite big” in an Indonesian battery factory
Share
Aa
EV-a2zEV-a2z
Search
  • News
    • EV Type
    • System
    • Veh. Type
    • Country
    • Company
    • Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Follow US
EV-a2z > News > Tesla to invest “quite big” in an Indonesian battery factory
News

Tesla to invest “quite big” in an Indonesian battery factory

EV-a2zm
Last updated: 2023/08/18 at 9:50 AM
EV-a2zm Published August 15, 2023 4 Min Read
Share
4 Min Read
TESLA Logo
TESLA Logo
SHARE

Electric vehicle giant Tesla reportedly plans to establish a new battery production plant in Indonesia. The news came from Senior Minister Luhut Pandjaitan’s Instagram post that revealed a recent meeting with CEO Elon Musk.

Indonesia says Tesla is going to announce a battery material factory, but take it with a grain of salt https://t.co/0VwaznT01b pic.twitter.com/YzVnFnOtRm

— Energize (@energizeuk) August 14, 2023

In retrospect, the world’s most valuable automaker started negotiations on nickel with the Indonesian Government in April 2022. The meeting involved the Tesla Chief himself, Senior Minister Pandjaitan, Indonesian Ambassador to the US Rosan Roeslani, and Advisory Council of the Chamber of Commerce and Industry General Chair Anindya Bakrie.

Tweeps, pada 3 Agustus lalu, Menko Marves Luhut Binsar Pandjaitan bertemu dengan pendiri Tesla, Elon Musk di AS. Ini adalah pertemuan kesekian kalinya antara pejabat Indonesia dengan Musk. Kabarnya, mereka sedang 'merayu' Musk untuk berinvestasi di bidang mobil listrik. #Threads pic.twitter.com/IkLbOWwN1E

— VOA Indonesia (@voaindonesia) August 15, 2023

As the Senior Minister’s social media announcement indicated, he flew to San Francisco to meet the Tesla boss to discuss potential investments.

“One year later after meeting at Tesla’s Giga Factory in Austin, Texas, I met Elon Musk again in San Francisco, United States. This meeting became the main agenda of my visit to Uncle Sam’s country. For about two and a half hours we discussed Indonesia’s economic development, as well as the current condition of Tesla, Inc.”

 Senior Minister Luhut Pandjaitan (Translated in English)

https://twitter.com/MaltepesReport/status/1691101751867277312Meeting highlights

CEO Elon Musk and the automaker confirmed no current plans to erect a new EV factory in Indonesia. However, it revealed plans to build a battery materials production plant there.

Interestingly, some statements from the Senior Minister suggest that the company is currently “suspending” any kinds of investments. 

According to a Reuters report, CEO Musk aims to invest in lithium battery materials production in the country. It further noted that “the investment will be quite big.”

However, the Senior Minister stated that Tesla has discontinued pursuing any investments due to two factors. 

“[Tesla] turns out to be currently suspending investment in any country. There are two things that cause it, namely, overproduction and the current unfavorable global economic conditions.”

Senior Minister Luhut Pandjaitan (Translated in English)

Nonetheless, the two relevant men in the global industry discussed potential partnerships in the future. It included CEO Musk’s other venture, Starlink.

“I convey that the benefits arising from Starlink operating in Indonesia are enormous, for example; Health infrastructure such as internet access at health centers in remote areas can help health workers report health facility data in real time. In addition, education services will also be accessible to students in eastern Indonesia so that we can achieve equal and equitable access to education in Indonesia.“

Senior Minister Luhut Pandjaitan (Translated in English)

See Also:

  • Indonesia to launch new set of incentives for electric automakers, organizes a meeting with Tesla and BYD
  • Tesla, BYD to invest in EV production plants in Indonesia
  • BYD to establish an EV production plant in Europe
  • Indonesia cuts EV tax, boosting sales for Hyundai and Wuling
  • Southeast Asia lags in terms of electric vehicle adoptions

As EV-a2z previously reported, Indonesia houses the world’s largest nickel reserves of 21 million tonnes. That said, it is no wonder why international companies like Tesla are gaining significant interest in the country. A potential domestic battery material factory will undoubtedly enable Tesla to secure a sufficient supply of power batteries to support its production ramp-up across its factories.

You Might Also Like

Hyundai reveals battery suppliers of its EV models amid fire concerns

Uber boss casts doubt on Tesla’s Robotaxi vision

Tesla secures direct sales license in Kentucky

CATL launches showroom of EV models powered by its batteries in China

Tesla Semi to hit European roads

TAGGED: Battery, Electric Vehicle, EV, Indonesia, Tesla
EV-a2zm August 18, 2023 August 18, 2023
Share This Article
Facebook Twitter Flipboard Whatsapp Whatsapp LinkedIn Reddit Email Copy Link

Follow US

Find US on Social Medias
Facebook Linkedin Twitter

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News
BMW
News

BMW’s first electric 5 Series sedan finally enters series production

EV-a2zm By EV-a2zm July 22, 2023
Tesla’s energy storage business expands 62% to 6.5 GWh in 2022
CATL improves EV battery performance in cold weather
Hyundai electrifies the future with “bigger, better, faster” EVs
REE Automotive and Battery pack supplier Microvast sign agreement for P7 platform
- Advertisement -
Ad imageAd image

Tags

Australia (197) Autonomous Driving (110) Battery (805) BEV (71) BMW (105) BYD (319) Canada (74) CATL (84) Charging Infrastructures (360) China (749) Electric Truck (72) Electric Vehicle (4971) Elon Musk (324) Europe (466) EV (5090) EV Sales (169) Ford (180) Full Self-Driving (94) General Motors (118) Germany (134) Gigafactory (90) Honda (74) Hyundai (156) India (268) Japan (82) Kia (92) Lithium (74) Lithium-ion Battery (79) Mercedes Benz (83) NIO (101) Nissan (77) Renewable Energy (91) Rivian (76) Solar Power (99) Stellantis (117) Tesla (1564) Tesla Cybertruck (101) Tesla Model 3 (151) Tesla Model Y (178) Tesla Superchargers (90) Toyota (154) UK (150) USA (1518) Volkswagen (183) Volvo (76)

About Us

Your definitive guide to the electric vehicle and renewable energy transition, offering insights, news, and analysis on EVs and green energy trends.

Top Menu

  • News
  • Reviews
  • Listicle
  • EV Sales
  • FAQ

Resource

  • Policy/Standard/Regulation
  • Glossary
  • Books
  • Expo
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EV-a2zEV-a2z
© EV-a2z. All Rights Reserved.
  • About EV-a2z
  • Terms
  • Privacy
  • Cookie Policy
  • Contact
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Newsletter Tesla red
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?