Bloomberg Announces Deal to Build Tesla Plant in Indonesia

Budrigannews.com – (NASDAQ:) Tesla According to sources familiar with the situation, Bloomberg News reported on Wednesday that Inc is close to signing a preliminary agreement to establish production facilities in Indonesia with a capacity of one million units.

According to the report, talks with the world’s most valuable automaker were confirmed by the country’s investment minister.

Both the manufacturer of electric vehicles and the Ministry of Investment in Indonesia did not immediately respond to Reuters’ inquiries for clarification.

In addition to its gigafactories in Shanghai, Austin, Berlin, and Fremont, California, where it manufactures its electric vehicles, Tesla is expected to announce the opening of a new facility in Nuevo Leon, Mexico.

According to the report, the talks include plans for production facilities and supply chain easing.

According to the presidential office of South Korea, Elon Musk, the company’s chief executive, stated in November that South Korea was one of its top candidate locations for a factory it plans to build in Asia to produce electric vehicles.

A senior cabinet minister told CNBC Indonesia last year that Tesla has signed contracts with nickel processing companies in Indonesia to buy materials for their batteries.

However, in remarks made to Bloomberg News in August, President Joko Widodo of Indonesia urged the manufacturer of electric vehicles to manufacture both its automobiles and its batteries in the nation.

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