Tesla to set up factory in Indonesia and target 1 million unit installed capacity

[Hamartia Antidote]

Based on our Minister, Luhut Pangaribuan, there will be another meeting with Tesla this Week. Both are under negotiation.

Tesla Finalizing Deal to Invest in Indonesia, Said the Minister

Tesla finalizing a deal to invest in Indonesia, said the coordinating minister for maritime affairs and investment of the country. At the moment, it is not known for certain whether they will be affected, but it is expected that this is related to the production of batteries.

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Tesla Finalizing Deal to Invest in Indonesia, Said the Minister​

Tesla is finalizing a deal to invest in Indonesia, per the coordinating minister for maritime affairs and investment of the country. At the moment, it is not known for certain that the deal is related to the production of batteries, however this seems to be the most likely purpose.

Tesla, as well as Chinese automaker BYD and South Korean Hyundai Motor Co., are finalizing deals to invest in Indonesia's electric vehicle industry, said Luhut Panjaitan, coordinating minister for maritime affairs and investment. “All the top global carmakers are coming to us,” he said in a meeting with local government leaders on Tuesday, Bloomberg reported. “BYD, Tesla, Hyundai and others are all finalizing deals with Indonesia.”