Tesla Buys Nickel from Morowali for IDR 74 Trillion When to Build a Factory in Indonesia?

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said the world’s largest electric car manufacturer, Tesla Inc. has signed contracts to buy nickel from two companies in Indonesia. The total value of the transaction is US$ 5 billion, equivalent to IDR 74.5 trillion. Tesla has recently become a hot topic of discussion about the company’s plans to invest in the Indonesian automotive industry.

“They have bought, now that’s good, two Indonesian products, one from Huayou, the other where. He has signed a contract for five years. So he has entered the first stage,” he said on the CNBC Economic Update: Investment Attractiveness in Post-pandemic Indonesia. , Monday (8/8/2022).

Tesla’s contract is for the needs of lithium batteries at the factory. The location of the nickel company contracted by Tesla is in Morowali Regency, Central Sulawesi. “The contract for lithium batteries in Morowali, there are a dozen industries. He’s already engaged there, the value is probably around US$ 5 billion,” Luhut explained.

As for the construction of an automotive factory by Tesla in Indonesia, Luhut said it was still in the negotiation stage. As for the construction of an automotive factory by Tesla in Indonesia, Luhut said it was still in the negotiation stage.

Luhut said negotiations with Starlink were getting closer to an agreement. Whereas with Tesla it still takes longer because of the large investment value. “I thought Starlink was in the final negotiations. Tesla is still negotiating. We’ll see because Tesla’s investment is large. So the negotiations with Tesla are still quite long,” said Luhut, Tuesday (7/6/2022).

August 9, 2022, detikFinance

(https://finance.detik.com/industri/d-6223949/tesla-beli-nikel-dari-morowali-rp-74-t-kapan-bangun-pabrik-di-ri)