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IPFS News Link • Business/ Commerce

Tesla Said To Build Battery And Electric Vehicle Plant In Indonesia

• by Dan Mihalascu

Tesla reportedly agreed to build a battery and electric vehicle plant in Indonesia after CEO Elon Musk met with the southeast Asian country's President Joko Widodo last weekend at the SpaceX launch site in Texas.

Indonesia's Investment Minister Bahlil Lahadalia said on May 19 that the deal is done, without providing too many details. He did hint that the project might begin this year. As reported by BenarNews, the minister said that Tesla agreed to build a battery and electric vehicle plant at an industrial complex in the country's Central Java province.

"God willing, Tesla will enter Indonesia this year. But I can't announce the month yet. Let's wait, because we haven't signed an agreement yet. How much investment is still being kept secret, still waiting. But this is good stuff, big stuff."