- Write by:
-
Monday, May 16, 2022 - 13:11:56
-
594 Visit
-
Print
Mining News Pro - Indonesian President Joko Widodo met Tesla Inc. Chief Executive Elon Musk on Saturday in Texas to discuss potential investments and technology, Indonesia’s government said in a statement.
The meeting between Musk and Widodo, better known as Jokowi, came after a round of working-level discussions on a potential investment in Indonesia’s nickel industry and supply of batteries for electric vehicles, Indonesian officials told Reuters.
Representatives from Tesla were in Indonesia last week for meetings regarding a potential battery-related investment, Indonesian officials and two people familiar with the talks have said.
Tesla had no immediate comment.
Indonesia for years has been trying to secure a deal with Tesla on battery investment and potentially for Musk’s SpaceX aerospace company.
Jokowi traveled from Washington, where he attended a meeting of leaders from the Association of Southeast Asian Nations (ASEAN), to meet Musk at the SpaceX launch site in Boca Chica, Texas. He invited the billionaire to visit Indonesia in November.
Jokowi is to host a summit of the Group of 20 big economies in Bali in November. “Hopefully in November,” the Indonesian government quoted Musk as saying.
Musk said there could be room for “partnerships in many things, because Indonesia has a lot of potential”, the statement said.
Indonesia has the world’s biggest nickel reserves, and Jokowi is keen to develop a nickel-based EV industry at home – from making nickel metal, to producing battery components and assembling electric vehicles. In the past, he has also urged Musk to consider a rocket launch site in Indonesia.
Two deals over the past month have given new momentum to Jokowi’s push to develop an EV-related industry at a time when global automakers have been scrambling to secure supplies of battery materials and reduce their reliance on China.
A consortium led by South Korea’s LG Energy Solution Ltd, the global No. 2 maker of EV batteries, announced plans last month to invest $9 billion in Indonesia as part of a deal that would include everything from nickel refining to producing battery cells in Indonesia.
LG’s larger rival, China-based Contemporary Amperex Technology, a Tesla supplier, announced a $9-billion Indonesia investment in April.
Short Link:
https://www.miningnews.ir/En/News/621321
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on ...
The secretary-general of the International Seabed Authority is set to run for a third term leading the United ...
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a ...
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about ...
No comments have been posted yet ...