1. Home
  2. Knowhow

Tesla may build battery factory in Indonesia

Date:2022-05-24   Author:XINDA MOTOR

Recently, Indonesian Investment Minister Bahlil Lahadalia said that Tesla has agreed to invest in the construction of electric vehicle and battery factories in Indonesia this year, but the two sides have not yet signed an agreement. The source of the investment is still in a state of secrecy.

On May 14, Indonesian President Joko Widodo also came to the SpaceX launch site to discuss with Tesla CEO Elon Musk about investing in and building a factory in Indonesia.

Indonesia's rich nickel resources are the key to attracting investment from many car and battery companies, and it is an important metal to improve the activity of lithium batteries.

In 2021, Indonesia's nickel production will account for 37% of the world's total production, while China's nickel resources are relatively short, and its external dependence has exceeded 80% for many years.

China's CATL, South Korea's Hyundai, LG Energy Solution, and Japan's Toyota all have plans to invest in battery or electric vehicle factories in Indonesia. Among them, Prokin Times, a subsidiary of Guangdong Bangpu, a subsidiary of CATL, plans to invest US$5.968 billion in Indonesia to build a power battery industry chain project. The project focuses on nickel mining and processing, battery materials, battery production and batteries. Recycle.