When the Indonesian president visits Elon Musk to talk about nickel

Indonesian President Joko Widodo flew to Texas to meet Elon Musk. INDONESIA’S PRESIDENTIAL PALACE/via REUTERS

Indonesia has the largest reserves in the world, and Joko Widodo intends to develop an electric vehicle industry at home based on this metal.

For an investor of the caliber of Elon Musk, Indonesian President Joko Widodo is willing to move. It was this Saturday that the meeting between the boss of Tesla and the political leader better known as Jokowi took place in Texas. The Indonesian president was in Washington for a meeting of leaders of the Association of Southeast Asian Nations (ASEAN). He took the opportunity to meet Musk at the SpaceX launch site in Boca Chica and invite him to visit Indonesia in November.

The meeting came after a series of working talks over a potential investment by the billionaire in Indonesia’s nickel industry and the supply of batteries for electric vehicles, according to statements collected by Reuters from Indonesian officials. Tesla representatives were in Indonesia last week to discuss these issues.

Musk’s company has not commented, but it is common knowledge that Indonesia has for years been aiming for a deal with Tesla on battery investment, or even space investment with SpaceX. Indonesia has the largest nickel reserves in the world, and Jokowi plans to develop an electric vehicle industry based on this metal. A dream that is taking shape, since, last month, two agreements each involving 9 billion dollars of investment were concluded, one by a consortium led by the South Korean company LG Energy Solution Ltd, and the other by its Chinese rival, Contemporary Amperex Technology.

.

Leave a Comment