August 16

Indonesia Says Tesla Plans to Invest in Battery Material Facility

Indonesia said on Monday that U.S. electric carmaker Tesla plans to invest in the manufacturing of battery materials in the Southeast Asian country and will make an announcement in the next few months.

Indonesia has for years been wooing Tesla to invest in battery making and car manufacturing in the country, trying to leverage its rich reserves of nickel, which can be processed for use in electric vehicle (EV) batteries.

Photo courtesy of Pixabay.

Source: Reuters (link opens in a new window)

electric vehicles, manufacturing