Tesla Investment Plans; Batang to Seek Further Confirmation from Central Govt

20 May 2022 20:46 WIB

Investment Minister/Chief of Investment Coordinating Board Bahlil Lahadalia. ANTARA PHOTO/ Akbar Tado/yu.

TEMPO.CO, Jakarta - The Head of Central Java One-Stop Integrated Service and Investment Service (DPMPTSP), Ratna Kawuri, on Friday said that U.S. electric vehicle maker Tesla has yet to officially confirm its intentions to invest in the Batang Industrial Area, which conflicted with an earlier statement from Investments Minister Bahlil Lahadalia who mentioned the details of the investment. 

“We have yet to receive a detailed confirmation on the matter,” Kawuri wrote in a text message to Tempo on May 20. "But as stated by Pak Bahlil in Solo yesterday, there is indeed Tesla's interest in investing in Indonesia and it is directed to Batang.”

Bahlil Lahadila claims Tesla is interested in investing in Indonesia’s electric car ecosystem.

"We'll have to see as no agreement has been signed yet. The amount of investment is also still confidential. But this is good stuff; a huge item," Bahlil said as quoted by Antara, Wednesday, May 18.

Bahlil stated that Tesla would start entering Indonesia in 2022, but didn't say what month. He did not say how much will be pledged by the company, only stating that it will invest in two segments: electric cars and electric batteries.

The minister also said that most of Tesla's investment will be done in Batang, Central Java.

Bahlil previously accompanied President Joko Widodo alias Jokowi on a visit to the United States, during which the President met Tesla CEO Elon Musk. According to Bahlil, Jokowi himself has asked Tesla and Foxconn to invest in Indonesia.

JAMAL A. NASHR

Click here to get the latest news updates from Tempo on Google News 

Supreme Court Rules in Favor of Nickel Firm Over Row with State Minister

1 hari lalu

Supreme Court Rules in Favor of Nickel Firm Over Row with State Minister

Supreme Court denied the Investments Minister's cassation over a dispute with nickel firm Toshida Indonesia.


Jokowi-Putin Meeting Deemed to Discuss More on Investment than Peacekeeping Mission

3 hari lalu

Jokowi-Putin Meeting Deemed to Discuss More on Investment than Peacekeeping Mission

The meeting between Jokowi and Putin at the Kremlin on Thursday was considered to discuss more of Russia's investment opportunities in Indonesia.


Putin Shows Interest in Developing Nuclear Industry in Indonesia

4 hari lalu

Putin Shows Interest in Developing Nuclear Industry in Indonesia

In a press statement alongside President Jokowi, Russian President Vladimir Putin expresses interest in investing in nuclear industry in Indonesia.


Indonesia Sets Ambitious Plan to Increase Electric Vehicle Sales By 2030

6 hari lalu

Indonesia Sets Ambitious Plan to Increase Electric Vehicle Sales By 2030

Indonesia has set an ambitious goal to raise the market share of electric vehicles in Indonesia to 25 percent of total vehicle sales in 2030.


Batang Industrial Estate to Produce Electric Vehicle Batteries In 2023

6 hari lalu

Batang Industrial Estate to Produce Electric Vehicle Batteries In 2023

Indonesian Ministry of Investments announced that electric vehicle batteries' production will start in 2023 at the Batang industrial estate.


Jokowi Meets with German Chancellor Discussing New Energy Source

7 hari lalu

Jokowi Meets with German Chancellor Discussing New Energy Source

President Jokowi and German Chancellor Olaf Scholz discussed efforts to strengthen cooperation in new and renewable energy sources in Indonesia.


Jokowi Encourages Germany to Invest in Electric Vehicle Industry

18 hari lalu

Jokowi Encourages Germany to Invest in Electric Vehicle Industry

President Jokowi openly invited Germany to invest in Indonesia's higher technology industry, including electric vehicles and semiconductors.


Bappenas Devises New Capital City Investment Guidelines

22 hari lalu

Bappenas Devises New Capital City Investment Guidelines

Bappenas is currently devising investment guidelines for Indonesia's new capital city of Nusantara (IKN) as investors start to approach.


Erick Thohir: Govt' Provides More than IDR 200 Trillion for Fuel Subsidy

25 hari lalu

Erick Thohir: Govt' Provides More than IDR 200 Trillion for Fuel Subsidy

SOE Minister Erick Thohir said the government had disbursed subsidies for gasoline to the public worth up to trillions of rupiah.


China's EV Producer BYD to Supply Batteries for Tesla

26 hari lalu

China's EV Producer BYD to Supply Batteries for Tesla

Chinese electric carmaker BYD is reportedly preparing to supply batteries to Tesla soon, a senior executive from the company said.