Hon Hai Precision Industry Co (鴻海精密) in the third quarter this year is to launch an investment to make electric vehicles (EV) and batteries in Indonesia, officials said.
Indonesian Minister of Investment Bahlil Lahadalia on Wednesday told a forum in Jakarta that Hon Hai, known as Foxconn internationally, would build a factory on a 200-hectare plot of land in the Batang Industrial Complex in Central Java, Reuters and Indonesia-based news Web site Industry.co.id reported.
In addition to vehicles, the factory is to produce battery cells, cathode precursors and telecommunications spare parts, the reports said.
On Jan. 21, Hon Hai and Taiwanese electric scooter
Taipei, Feb. 10 (CNA) Taiwan's manufacturing giant Hon Hai Precision Industry Co. will launch an investment to make electric vehicles and batteries in Indonesia in the third quarter of this year, it was confirmed on Wednesday.
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.