Indonesia, US Automaker Tesla to Sign Investment Deal Soon

JAKARTA, KOMPAS.com – Indonesia and Tesla, the US automaker, are scheduled to sign a non-disclosure agreement (NDA) on investment soon, an official said on Monday, February 1.

“The plan is the team from Tesla and our team [Coordinating Maritime Affairs and Investment Ministry] will sign a non-disclosure agreement or NDA soon, maybe this week,” Jodi Mahardi, a spokesperson for Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan told Kompas.com.

However, Jodi did not elaborate on further details regarding the investment plan.
He only said that Luhut frequently talks with the team from Tesla. “Mr. Luhut already talked with them five times,” Jodi added.

Also read: Tesla Delegations to Discuss Investment in Indonesia’s Electric Vehicle Industry Next Year

Jodi said the delegations from Tesla have canceled their visit to Indonesia this month due to the Covid-19 restrictions. They followed the policies of the Indonesian government who bans foreign nationals from entering the country as its Covid-19 caseload continues to climb.

“They follow the policies issued by the Indonesian government as foreigners are prohibited to enter Indonesia,” he said, adding that the cancellation did not hinder their plans to invest in Indonesia.

It was reported that Tesla CEO Elon Musk had responded to President Joko Widodo’s invitation, and they were on a call on December 11 last year.

Also read: Indonesia’s Investment Push Pays Off with a Tesla Visit in January 2021

The two discussed investment opportunities from electric vehicles company Tesla in Indonesia and the main component used in the electric vehicles such as nickel.

The media reported that Indonesia has a plan to become the biggest producer of lithium batteries as the country has the biggest nickel reserves.

(Writer: Ade Miranti Karunia | Editor: Ambaranie Nadia Kemala Movanita)

Source: https://money.kompas.com/read/2021/02/01/172232826/terganjal-kebijakan-larangan-wna-ke-indonesia-tim-tesla-batal-ke-indonesia.