Tesla proposes investment in Indonesia as carmaker seeks reliable source of nickel
The official didn’t provide details of the proposal, citing a non-disclosure agreement, but said the discussion was focused on batteries and energy storage solutions.
“I received their proposal yesterday morning ... next week we will meet them [virtually] to get an official explanation. If they only want to buy raw materials, we are not interested. This [proposal] is beyond just taking the raw material,” Septian said.Also on rt.com Will Asia actually fuel a comeback in coal?
Indonesia, the world’s number-one nickel producer, has been working to persuade Tesla that it is a reliable source of the metal needed to lower the cost of battery production for its electric vehicles. The current cost of batteries has had a negative impact on the automaker’s growth.
Once one of the top global nickel exporters, Indonesia stopped shipments last year in an attempt to create a full nickel supply chain, from extraction through processing into metals to the chemicals used in batteries. The step was taken to meet the growing global demand for electric vehicles.
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