Jokowi ‘confident’ Tesla will invest in battery, car factory in Indonesia


Indonesia has been wooing Tesla to invest in battery and car manufacturing since 2020. - Reuters

JAKARTA (Reuters): Indonesian President Joko Widodo is confident Tesla Inc will finalise a deal to invest in a production facility in his country, having offered the US car maker incentives ranging from tax breaks to a concession to mine nickel.

South-East Asia's largest economy has been wooing Tesla to invest in battery and car manufacturing since 2020, seeking to leverage its rich reserves of nickel ore, which can be processed for use in EV batteries.

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