Why is Elon Musk Interested in Building a Tesla Battery Factory in Batang, Central Java? | 1NEWS

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Elon will invest through his company, Tesla, in the Batang industrial area

Dream – The government’s move to negotiate with Tesla CEO Elon Musk to invest in Indonesia will bear fruit. Investment Minister and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said Tesla might realize its investment this year.

“Thank God, thanks to the cold hands and intuition of Mr. President Jokowi yesterday, God willing, Tesla will enter Indonesia,” Bahlil said as quoted from Liputan6, Thursday, May 19, 2022.

Bahlil said that Elon would invest through his company, Tesla, in the Batang industrial area. According to Bahlil, the industrial area is the best in Indonesia.

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“There will be big companies like LG, Foxconn, then Tesla, God willing, will enter there,” he said.

It’s just that Bahlil has not been able to reveal the exact time when the electric car manufacturer will start investing in Indonesia. But he ensured that Tesla this year will soon enter Indonesia.

“If asked when, God willing, 2022 will come, but I can’t announce the month yet. We’ll just have to wait because we haven’t signed the agreement yet,” he said.

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In addition, Bahlil is also not willing to mention the value of the investment that will be made by Tesla. However, he said that the world billionaire electric car company Elon Musk would invest in electric vehicle batteries and electric cars in Indonesia.

“He will enter into two major investment divisions, the first is about the electric car battery ecosystem and the second is the car. The amount of the investment is still being kept secret. We are still waiting. But this item is good stuff and big stuff,” he said.