An Indonesian minister said that companies “Tesla” And”BYDThe Chinese auto industry and the South Korean “Hyundai Motor” are in the process of finalizing deals to pump investments into the automotive industry. Electric cars in his country
Luhut Panjaitan, Coordinating Minister for Maritime Affairs and Investment, added: Indonesia In a meeting with local government leaders on Tuesday: “All the major global automakers are flocking to us… (BYD, Tesla, Hyundai) and others are finalizing deals with Indonesia.”
Indonesian President Joko Widodo has laid out a vision to build a comprehensive supply chain for electric vehicles domestically by offering potential investors access to Indonesia’s reserves of key battery minerals as well as to more than 270 million consumers.
The contours of the plan are beginning to emerge, as companies that produce electric cars and batteries globally plan to pump billions of dollars in investments, including a $ 6 billion investment by Amperex Technology Co. Ltd. to establish a multi-purpose complex in the fields of mining to Batteries for Hyundai’s new electric vehicle plant.
Bloomberg reported earlier that Tesla is close to a preliminary agreement to set up a factory in Indonesia.
Tesla is close to signing a preliminary agreement for a car factory in Indonesia
Indonesia, Southeast Asia’s largest economy, expects to invest $30 billion until 2026 to develop an electric vehicle battery system, according to Panjaitan’s presentation.
The Indonesian government plans to provide about 80 million rupiah ($5,271) in subsidies for each electric vehicle purchase to boost its appeal, although the details are still under discussion.
Today, Panjaitan said that the cabinet has reached a decision on issues related to electric cars and will make an announcement soon, without specifying whether it refers to deals with foreign companies or subsidies for the purchase of electric cars.