Why Tesla is in Indonesia

YAKARTA: The Indonesian government is in the early stages of talks with electric vehicle manufacturer Tesla about an investment in the country, a primary nickel producer, an official said.

Indonesia needs to expand a whole chain of nickel origin in the country, that is, for the extraction of chemical products for batteries, the manufacture of batteries and, in all probability, the structure of electric vehicles. It stopped exports of raw nickel ore to invest in its domestic industries.

Ayodhia Kalake, a senior coordinating and investment official at the Ministry of Maritime Affairs, said Tesla had informally contacted the government about a conceivable undertaking, but did not specify what he had in mind.

“It was still an early discussion and had not yet been detailed,” Ayodhia said Monday (October 5). “We want deeper discussions with Tesla,” he said, adding that Indonesia had a number of incentives to invest. electric vehicles.

Tesla did not respond to an email from Reuters requesting confirmation. Indonesia said last month that it had reached an agreement to build a lithium battery plant in the country with LG Chem of South Korea and contemporary Amperex Technology from China.

Tesla is developing the production of trucks and solar projects, and its boss, Elon Musk, previously suggested more nickel-producing miners this year and proposed long-term “giant” contracts if extracted “effectively and ecologically sensitively. “

Tesla announced earlier this week that it plans to build a $25,000 electric vehicle in about 3 years. One of the most demanding situations to make electric cars less expensive is the battery, which lately accounts for about a quarter of a car’s charge due to the beloved metals used, such as lithium, cobalt, nickel and manganese.

While electric cars are expected to reduce global carbon emissions, activists are concerned that portion production and increased mining could harm the environment. disposal in the ocean, a government official said Friday.

Tesla delivered 139,300 cars in the third quarter, crushing analysts’ estimates, according to figures released on Friday, October 2, 2020 through the automaker. period of the year, following the increase in the production of style 3 vehicles.

Tesla produced 128,044 Sets of the Model 3, 60% more than a year ago. Total production was 145,036. Ford also reported better-than-expected sales, saying it sold 551796 cars in the third quarter, 4. 9% less than in the 2019 era. and higher than the expected 8. 0% decrease through Cox Automotive.

Ford aimed to order his F-series pickup trucks and other larger vehicles. Automakers have noticed a strange demand for vehicles, driven by low interest rates and a tendency among wealthiest consumers to move the budget of holidays and other discretionary parts to cars.

On Friday, October 2, 2020, Tesla agreed to acquire ATW Automation from Germany, a meeting of modules and battery packs for the automotive industry, a source close to the agreement said Friday.

ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc, at the point of settlement rupture due to a drop in orders, german media reported in September. ATS announced on 25 September that certain assets and workers of one of its german-based ensembles be sold and transferred to a third party, without revealing the company’s call.

ATS and ATW did not respond to a request for comment on Friday. German media outlets The European and WirtschaftsKurier reported the acquisition for the first time. ATW, founded in western Germany, has about 120 workers and has completed more than 20 battery production lines for foreign automakers, according to the ATS website.

Tesla plans to particularly structure battery production in the coming years and, at a recent event, presented inventions that it said would particularly affect battery prices over the next 3 years. they also come with a battery plant, and plan to start the structure of a new vehicle plant in Texas this year. Tesla’s planned long-term line comes with Light Cybertruck and The Semi Truck, which require superior battery capacity.

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