China building Indonesia into an EV powerhouse

[onebyone]

JAKARTA – Chief investment minister Luhut Panjaitan has few concerns about China’s iron grip on Indonesia’s nickel industry as other major investors flock to a country with the range of mineral elements needed to turn it into one of the world’s leading producers of lithium batteries and electric cars.

“We invited everybody and no-one came, except the Chinese,” the minister said in a wide-ranging interview that reflected the retired general’s consuming vision of Indonesia as a modern industrialized state. “So they’re welcome and they are easy to deal with.”

China building Indonesia into an EV powerhouse - Asia Times

JAKARTA - Chief investment minister Luhut Panjaitan has few concerns about China’s iron grip on Indonesia’s nickel industry as other major investors flock

asiatimes.com

 

[striver44]

Thank u china

 

[Whizzack]

Really liked these 2 points below :

Proper ToT :
"The general-turned-businessman falls back on military terminology in explaining what he calls his “rules of engagement” for potential investors – first-class technology, added-value, majority Indonesian labor, technology transfer and business-to-business deals only."

Fast execution and a can-do, no-nonsense attitude :
"Tsingshan took only 18 months to bring its first Halmahera nickel smelter into production, a can-do attitude that has struck a chord with Panjaitan and the team of young assistants he consults on speed-dial when he doesn’t have an answer."

Compared that to Freeport which has been here for more than 40 years and are still dragging their feet to construct a smelter... Now Tsinghan is going to build this smelter for Freeport.

 

[Samlee]

Good

 

[Indos]

Really liked these 2 points below :

Proper ToT :
"The general-turned-businessman falls back on military terminology in explaining what he calls his “rules of engagement” for potential investors – first-class technology, added-value, majority Indonesian labor, technology transfer and business-to-business deals only."

Fast execution and a can-do, no-nonsense attitude :
"Tsingshan took only 18 months to bring its first Halmahera nickel smelter into production, a can-do attitude that has struck a chord with Panjaitan and the team of young assistants he consults on speed-dial when he doesn’t have an answer."

Compared that to Freeport which has been here for more than 40 years and are still dragging their feet to construct a smelter... Now Tsinghan is going to build this smelter for Freeport.

Westerners is unlikely to invest in Indonesia for manufacturing, our foreign owned manufacturing industries are pretty much coming from our fellow Far East nations which started from Japan, South Korea, and now China.

We still remember their attempt to shut down Indonesian Aerospace ambitious program, N 250 and N 2130 planes when they have money power through IMF during our most difficult time.