Investment Minister: Tesla May Enter Indonesia This Year for EV Production

19 May 2022 11:17 WIB

TEMPO.CO, JakartaUnited States-based automaker Tesla was reportedly interested in investing in Indonesia. Investment Minister Bahlil Lahadalia said the largest electric vehicle or EV manufacturer was expected to enter the country this year to produce EV batteries and electric cars.

Bahlil made the statement while attending the Road to G20: Investment Forum on sustainable and inclusive investment on Wednesday, May 18, 2022.

However, he stopped short of providing the details. He was also tight-lipped about the value of the investment.

Inshallah (If God wills it) it will be in 2022 but I can't announce the month. Let’s wait, because we haven't signed the deal yet. How much the investment is still being kept secret, we're still waiting. But this is good, big stuff,” he said as quoted from Antara.

Bahlil mentioned that some of Tesla's investment would later be operated in Batang, Central Java.

Apart from that, he said he was tasked to persuade Taiwan-based tech giant Foxconn to invest in the electric vehicle industry in Indonesia. “Our proposal to Foxconn succeeds, while Tesla remains to apply a push-pull strategy. Alhamdulillah (Praise to God), thanks to the cold hand and intuition of the President, Tesla will enter Indonesia," Bahlil said.

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