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

JAKARTA, KOMPAS.com – A team from US auto company Tesla will be visiting Indonesia in January 2021 in response to efforts by the Widodo Administration to woo the company to invest in the Southeast Asian country.

The news was announced by Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan.

“There have been strong interest in investment from Tesla in Indonesia.”

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Luhut expressed his confidence that Indonesia has massive potential in becoming a producer of battery-powered electric vehicles ahead of the US company’s arrival.

He added that several international investors specializing in battery-powered electric cars have also expressed their interest to invest in Indonesia.

Indonesian state-owned enterprise Wijaya Karya is a domestic investor for the country’s electric motorbikes, electricity, and manufacturing industries.

“Hyudai invested in Indonesia for the manufacture of the base of electric vehicles such as Bi-Hi for electric buses.”

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“LG Chem, CATL, and VMB New Energy have shown an interest to establish a factory for the raw materials used in Lithium batteries.”