Tesla (TSLA) is seemingly inching nearer to a deal to construct a battery manufacturing facility in Indonesia, because the nation’s high officers say they’re going to meet with Tesla executives subsequent week.
Final month, we reported on Tesla allegedly being in talks with the Indonesian government to build a new nickel venture within the nation, which has a robust nickel reserve.
Not too long ago, CEO Elon Musk pleaded with mining companies to increase their nickel production.
Later, we additionally realized that Tesla was truly in talks with Indonesia not nearly nickel, however to presumably build a full battery factory within the nation.
As we detailed in our earlier report on Tesla’s curiosity in Indonesia, the nation is among the world’s greatest nickel producers, but it surely has additionally just lately put a ban on exporting nickel ore with the intention to encourage the trade to course of it domestically.
It leads to firms deploying extra manufacturing capability in Indonesia with the intention to benefit from the nation’s nickel reserves.
Now Indonesian president Joko Widodo stated that it’s sending a delegation to the US to fulfill with high Tesla executives concerning the challenge (through Reuters):
Indonesian president Joko Widodo stated he’ll ship a high-level group subsequent week to fulfill with high executives of US automaker Tesla because the Southeast Asian nation goals to develop into the world’s greatest producer of electrical automobile batteries.
Widodo stated concerning the assembly with Tesla:
It’s essential as a result of we’ve an incredible plan to make Indonesia the most important producer of lithium batteries and we’ve the most important nickel [reserves].
Tesla has been making an attempt to safe extra nickel currently to help its bold battery provide plan — purchased by means of battery suppliers, like Panasonic and CATL, and now by means of its personal new effort to construct its personal battery cells.
In September, there was a report that Tesla was talking with Giga Metals, a junior mining firm engaged on a carbon-neutral nickel mine in Canada.
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