Indonesia seeks investment from Tesla Group

Indonesia’s Coordinating Minister of Maritime Affairs and Investment, Luhut Pandjaitan, met with Tesla Chief Executive Elon Musk in Austin, Texas on Tuesday (April 26th) to discuss the possibility for the American electric car to participate in the nickel and electric battery industry in Indonesia.

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Indonesian Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan (left) meets with Tesla CEO Elon Musk. Photo: IBC/CVN

During the meeting, Luhut Pandjaitan and Elon Musk were joined by Anindya Bakrie, chairman of the advisory board of the Indonesian Chamber of Commerce and Industry (Kadin) and several prominent Indonesian businessmen.

In an Instagram post, Anindya Bakrie noted that the purpose of the meeting was to persuade Tesla to explore the idea of ​​cooperating with Indonesia for its battery supply chain. “Our goal is to convince Tesla to explore possible cooperation with Indonesia regarding the sourcing and processing of nickel as a raw material for the manufacture of battery cells based on good ESG (environment, social and governance) and sustainable”Bakrie wrote.

On that occasion, the delegation presented Musk with an invitation to the B-20 forum, one of the series of G-20 events to be held in Bali, Indonesia in November. In July 2020, Musk said Tesla would award “huge long-term contracts” nickel miners to operate “in an efficient and environmentally friendly way”.

The meeting came as the Indonesian government tries to achieve President Joko Widodo’s goal of developing basic industries. In 2020, the Indonesian government issued a nickel export ban to encourage mining companies to invest in domestic industries, particularly in the production of stainless steel and electric vehicle batteries.

Then, in March 2021, the Indonesian government established the Indonesian Battery Corporation (IBC), a state-owned electric vehicle battery production plant.



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