Indonesia, Tesla Ink Deal on Confidentiality Agreement

JAKARTA, KOMPAS.com – Indonesia’s Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan said on Wednesday that his office and US automaker Tesla have signed a non-disclosure agreement (NDA) on investment, but no elaborate.

“We have virtual meetings for six times and the NDA has been signed. We will receive their proposal today or tomorrow,” Luhut said in a televised message on Wednesday, February 3.

However, Luhut remained tight-lipped about the agreement.

Also read: Indonesia, US Automaker Tesla to Sign Investment Deal Soon 

“We are not sure how big it is, but what we know is that actually, we can’t disclose the details publicly,” Luhut said.

It was previously reported that initially Tesla was going to send its delegations to Indonesia in January this year. But, it was postponed to February due to the Covid-19 restrictions.

Jodi Mahardi, a spokesperson to Luhut, said that the team from Tesla is still waiting for the government’s decision to lift the ban of entry for foreigners.

“It has not been canceled, but it is still waiting for the travel restrictions to be lifted,” Jodi told Kompas.com.

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: Erlangga Djumena)

Source: https://money.kompas.com/read/2021/02/03/190400426/luhut--kesepakatan-nda-ri-tesla-telah-diteken.