Tesla to Submit Investment Proposal as Indonesia's Battery Plan Is Taking Shape
BY :JAKARTA GLOBE
FEBRUARY 04, 2021
Jakarta. Indonesia has expected Tesla, the world's largest carmaker company by market capitalization, to submit a proposal about the company's plan to establish a car battery plant and energy storage system in the archipelago today, as the country's plan to dominate the electric car battery market begins to take shape.
Tesla's proposal could be one in a series of ore processing and battery investments that the government hope would make up the bulk of the country's $64 billion investment target for this year.
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said on Wednesday that preliminary discussion with Tesla had gone well despite challenges from the Covid-19 pandemic.