Indonesia

Tesla Signs 5-Year Deal for Supply of Materials from Indonesia for Battery Production, Minister Says

Tesla Signs 5-Year Deal for Supply of Materials from Indonesia for Battery Production, Minister Says

Photo: Luhut Pandjaitan

Tesla signed a five-year deal for the supply of materials from Indonesia for the production of batteries, the country's Coordinating Minister for Maritime and Investment Affairs said. Negotiations on further cooperation are ongoing.

Tesla signed a deal to purchase materials for electric vehicle batteries from nickel recycling companies in Indonesia, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said in a statement to CNBC Indonesia on Monday. He said the manufacturer has signed a five-year deal with nickel refiners operating in Morowali on the island of Sulawesi. Nickel materials will be used in the production of Tesla lithium batteries.

Indonesia is keen to develop electric vehicle and battery production at home and has stopped exporting nickel ore. It is not yet known on what terms the contract with Tesla was signed, but negotiations on further cooperation between the country and Tesla are ongoing. “We are still in constant negotiation with Tesla… but they have started buying two excellent products from Indonesia,” Pandjaitan said.

The next meeting with the manufacturer's team was scheduled for August. The minister said they would discuss the progress, but did not reveal any details, which is in line with Tesla's policy. “Look, we have an agreement not to disclose what we will discuss together. This is their style, so we respect it,” he explained in response to a question about the topic of discussion.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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