Indonesia’s Jokowi meets Tesla’s Musk after nickel talks

JAKARTA: Indonesian President Joko Widodo met Tesla chief government Elon Musk on Saturday (Could 14) in Texas to debate potential investments and know-how, Indonesia’s authorities stated in a press release.

The assembly between Musk and Widodo, higher referred to as Jokowi, got here after a spherical of working-level discussions on a possible funding in Indonesia’s nickel trade and provide of batteries for electrical automobiles, Indonesian officers informed Reuters.

Representatives from Tesla have been in Indonesia final week for conferences relating to a possible battery-related funding, Indonesian officers and two individuals accustomed to the talks have stated.

Tesla had no quick remark.

Indonesia for years has been making an attempt to safe a take care of Tesla on battery funding and probably for Musk’s SpaceX aerospace firm.

Jokowi travelled from Washington, the place he attended a gathering of leaders from the Affiliation of Southeast Asian Nations (ASEAN), to satisfy Musk on the SpaceX launch web site in Boca Chica, Texas. He invited the billionaire to go to Indonesia in November.

Jokowi is to host a summit of the Group of 20 large economies in Bali in November. “Hopefully in November,” the Indonesian authorities quoted Musk as saying.

Musk stated there might be room for “partnerships in lots of issues, as a result of Indonesia has numerous potential”, the assertion stated.

Indonesia has the world’s largest nickel reserves, and Jokowi is eager to develop a nickel-based EV trade at dwelling – from making nickel steel, to producing battery elements and assembling electrical automobiles. Up to now, he has additionally urged Musk to think about a rocket launch web site in Indonesia.

Two offers over the previous month have given new momentum to Jokowi’s push to develop an EV-related trade at a time when international automakers have been scrambling to safe provides of battery supplies and scale back their reliance on China.

A consortium led by South Korea’s LG Power Answer, the worldwide No 2 maker of EV batteries, introduced plans final month to take a position US$9billion in Indonesia as a part of a deal that would come with the whole lot from nickel refining to producing battery cells in Indonesia.

LG’s bigger rival, China-based Modern Amperex Expertise, a Tesla provider, introduced a US$9billion Indonesia funding in April.


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