Indonesia Starts Construction of Southeast Asia’s First Electric Vehicle Battery Factory
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Lithium is expensive and current EV battery has 90 % nickel component, currently German is conducting research to produce Battery without using Lithium component.
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Indonesia and Foxconn in talks over electric vehicle investment
Jakarta says plan in place but iPhone assembler only confirms discussions held
Written by Nikkei Asia Published on 24 Oct 2021 •
Indonesia and iPhone assembler Foxconn have held talks over electric vehicle investment in the Southeast Asian country, though the two sides differ on what was decided.
Both sides in separate statements confirmed investment discussions took place late last week. Any such entry into Indonesia by Foxconn would be a huge boost for a country that aims to position itself as a key player in the global EV supply chain.
Indonesia said on Sunday that Foxconn “plans to build” electric vehicles and batteries there, though the Taiwanese company stopped short of confirming that any such plan was made.
Indonesia’s Investment Coordinating Board (BKPM) released a statement detailing a meeting on Friday between its head, Bahlil Lahadalia, Foxconn chairman Young Liu, and Horace Luke, founder of Taiwan’s leading electric scooter and battery exchange system provider Gogoro.
BKPM quoted Liu as saying Foxconn “plans to build a comprehensive electric battery and electric vehicle industry in Indonesia” for two-wheel and four-wheel vehicles. “We will not only assemble, but we want to build a whole industry for Indonesia in Indonesia,” Liu said, according to the statement.
Foxconn had released a statement on Saturday confirming a meeting took place “over a possible investment in Indonesia” regarding EVs and batteries. It added that the BKPM chief offered incentives to support the Taiwanese company’s future investments in Indonesia.
When contacted by Nikkei Asia this week, Foxconn reiterated its statement from the weekend, and a person familiar with the matter said that the discussions are at an early stage and nothing has been decided.
The talks come as Foxconn doubles down on its EV business, saying last week that it is looking to turn its nascent auto segment into a USD 35 billion business in five years. It is already building a production facility in Thailand with state-backed oil and gas company PTT to service Southeast Asia, and plans to build EV factories in Europe, India, and either North or South America by 2024.
Earlier this month, Foxconn struck multiple deals worth USD 280 million with US EV startup Lordstown Motors to acquire its manufacturing plant in Ohio, which will become Foxconn’s first EV manufacturing base for the North American market.
The Taiwanese maker joins a long list of companies that have shown interest in investing in Indonesia’s nascent EV industry. These include the likes of Germany-based BASF, Tesla of the US, and China’s CATL.
South Korea’s Hyundai Motor Group and LG Energy Solution in September started construction on a USD 1.1 billion EV battery plant in Indonesia, which is slated to begin production in 2024. Hyundai is also building an automobile factory nearby, with production expected to start next year.
Companies are particularly interested in Indonesia for its rich nickel reserves, a key ingredient in EV batteries. Indonesia produced an estimated 760,000 tons of nickel in 2020 and has a further 21 million tons of reserves, according to the US Geological Survey, more than anywhere else in the world in both categories.
The country accounts for roughly 30% of the world’s nickel production and about 22% of global reserves and is critical to ensuring a stable supply of battery materials.
Archipelagic Indonesia wants to leverage its reserves by bringing in investment and becoming a key cog in the global EV supply chain. It set up a state-owned battery holding company in March, and said at that time that in five years, the country intends to have an integrated industry encompassing everything from upstream development—mining raw materials for use in EV batteries—to downstream, the manufacturing of batteries and the vehicles themselves.
To spur investment into nickel processing including refineries, the government also put into effect a ban on exports of unprocessed nickel ore in January 2020, two years earlier than expected.
kr-asia.com
Jakarta says plan in place but iPhone assembler only confirms discussions held
Written by Nikkei Asia Published on 24 Oct 2021 •
Indonesia and iPhone assembler Foxconn have held talks over electric vehicle investment in the Southeast Asian country, though the two sides differ on what was decided.
Both sides in separate statements confirmed investment discussions took place late last week. Any such entry into Indonesia by Foxconn would be a huge boost for a country that aims to position itself as a key player in the global EV supply chain.
Indonesia said on Sunday that Foxconn “plans to build” electric vehicles and batteries there, though the Taiwanese company stopped short of confirming that any such plan was made.
Indonesia’s Investment Coordinating Board (BKPM) released a statement detailing a meeting on Friday between its head, Bahlil Lahadalia, Foxconn chairman Young Liu, and Horace Luke, founder of Taiwan’s leading electric scooter and battery exchange system provider Gogoro.
BKPM quoted Liu as saying Foxconn “plans to build a comprehensive electric battery and electric vehicle industry in Indonesia” for two-wheel and four-wheel vehicles. “We will not only assemble, but we want to build a whole industry for Indonesia in Indonesia,” Liu said, according to the statement.
Foxconn had released a statement on Saturday confirming a meeting took place “over a possible investment in Indonesia” regarding EVs and batteries. It added that the BKPM chief offered incentives to support the Taiwanese company’s future investments in Indonesia.
When contacted by Nikkei Asia this week, Foxconn reiterated its statement from the weekend, and a person familiar with the matter said that the discussions are at an early stage and nothing has been decided.
The talks come as Foxconn doubles down on its EV business, saying last week that it is looking to turn its nascent auto segment into a USD 35 billion business in five years. It is already building a production facility in Thailand with state-backed oil and gas company PTT to service Southeast Asia, and plans to build EV factories in Europe, India, and either North or South America by 2024.
Earlier this month, Foxconn struck multiple deals worth USD 280 million with US EV startup Lordstown Motors to acquire its manufacturing plant in Ohio, which will become Foxconn’s first EV manufacturing base for the North American market.
The Taiwanese maker joins a long list of companies that have shown interest in investing in Indonesia’s nascent EV industry. These include the likes of Germany-based BASF, Tesla of the US, and China’s CATL.
South Korea’s Hyundai Motor Group and LG Energy Solution in September started construction on a USD 1.1 billion EV battery plant in Indonesia, which is slated to begin production in 2024. Hyundai is also building an automobile factory nearby, with production expected to start next year.
Companies are particularly interested in Indonesia for its rich nickel reserves, a key ingredient in EV batteries. Indonesia produced an estimated 760,000 tons of nickel in 2020 and has a further 21 million tons of reserves, according to the US Geological Survey, more than anywhere else in the world in both categories.
The country accounts for roughly 30% of the world’s nickel production and about 22% of global reserves and is critical to ensuring a stable supply of battery materials.
Archipelagic Indonesia wants to leverage its reserves by bringing in investment and becoming a key cog in the global EV supply chain. It set up a state-owned battery holding company in March, and said at that time that in five years, the country intends to have an integrated industry encompassing everything from upstream development—mining raw materials for use in EV batteries—to downstream, the manufacturing of batteries and the vehicles themselves.
To spur investment into nickel processing including refineries, the government also put into effect a ban on exports of unprocessed nickel ore in January 2020, two years earlier than expected.
Indonesia and Foxconn in talks over electric vehicle investment | KrASIA
Indonesia and Foxconn in talks over electric vehicle investment. Jakarta says plan in place, but iPhone assembler only confirms discussions held.
kr-asia.com
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AlhamduliLLAH. Again signed in blessed Friday
Foxconn together with Gogoro, IBC, and Indika will explore cooperation in investing in a comprehensive electric vehicle ecosystem in Indonesia, from batteries to the development of the vehicle industry.
By Safrezi Fitra January 22, 2022, 09:41
Hon Hai Precision Industry Co. Ltd. ( Foxconn ), Gogoro Inc, PT Industri Battery Indonesia (IBC), and PT Indika Energy Tbk., signed a cooperation commitment to build an electric vehicle (EV) ecosystem in Indonesia with a total investment value of US$8 billion (equivalent to Rp.114 billion). trillion).
This collaboration is related to investment in the development of a new sustainable energy ecosystem through investment in electric batteries, electric vehicles , and their supporting industries with the Build-Operate-Localize (BOL) cooperation scheme . The cooperation was also signed by the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia and witnessed by the Minister of SOEs Erick Thohir in Jakarta and Taipei, Taiwan virtually, Friday (21/1).
Through the memorandum of understanding, Foxconn together with Gogoro, IBC, and Indika will explore cooperation in investing in a comprehensive electric vehicle ecosystem in Indonesia, starting from the manufacture of electric batteries (including battery cells, battery modules, and batteries), to the development of the electric vehicle industry. four, two-wheeled electric vehicles, and electric buses (E-Bus).
The scope of cooperation also includes the development of EV supporting industries which include energy storage systems (ESS), battery exchange/swap stations , recycled batteries, as well as research and development (R&D) in the field of electric batteries and EVs.
The entire project is expected to generate a total market capitalization of more than US$100 billion in Indonesia by 2030.
Investment Minister/Head of BKPM Bahlil Lahadalia said the signing of the MoU was a continuation of the meeting in Taiwan in October 2021. At that time, Foxconn and Gogoro were interested in developing the battery and electric vehicle industry in Indonesia.
"Today we are entering a new era. The Indonesian government will seriously oversee this investment plan, with SOE partners and national entrepreneurs in Indonesia. Under the administration of President Joko Widodo for the second period, Indonesia is very focused on encouraging sustainable investment, especially promoting green energy and green energy. industry ," Bahlil said in a written statement in Jakarta, Friday.
Bahlil said he would oversee the investment commitment, including ensuring the smooth realization of the Taiwanese company's investment. The government will handle all permits, or domestic affairs, including investment incentives. "Foxconn and Gogoro only need to bring technology, capital and part of the market. I am sure today, this investment can be executed for our progress and awakening together," said Bahlil.
SOE Minister Erick Thohir said this investment collaboration would support the Indonesian government's commitment to the Glasgow Climate Pact, which was signed at the 26th UN Climate Change Conference of the Parties (COP26) last year.
Indonesia is committed to achieving zero carbon emissions by 2060 and abandoning the use of coal as an energy source in 2040. Erick also praised the investment scheme in the form of BOL.
"This scheme will not only bring investment and multiplier effects to MSMEs and local companies, but will also increase the ability of Indonesian workers with research and development (R&D) as well as transfer of knowledge and technology of electric vehicles," said Erick.
Meanwhile, Foxconn Chairman Liu Young-Way appreciated Indonesia's commitment to a greener and sustainable future. For him, there is no better time for Foxconn to start investing in Indonesia. "We want to contribute to Indonesia's vision of developing a new energy ecosystem for their local EV and related energy markets. We look forward to sharing our open platform for electric vehicles (MIH) and our BOL business model with local Indonesian companies," said Liu.
He hopes that by sharing technology and experiences, Foxconn can help create more opportunities for local companies in the new energy and EV market.
Furthermore, the MoU also demonstrates Gogoro's commitment to sustainable transportation initiatives and support for the development of the transportation ecosystem in Indonesia through partnerships with several Indonesian and global companies.
This memorandum of understanding complements Gogoro's two-wheeled pilot project with Electrum, a joint venture with Gojek in Jakarta, which was launched in December 2021. Gogoro Inc CEO Horace Luke said this signing marks a new era of Indonesia's commitment to become a global leader in terms of sustainability . An era that supports an open ecosystem that provides Indonesia with better and cleaner transportation options.
"The collaboration between Gogoro, Foxconn, IBC and Indika will create an electric vehicle ecosystem that enables a healthy EV industry, including energy cells, battery industry, electric vehicles, and user-friendly battery exchange infrastructure," he said.
katadata.co.id
IBC Collaborates with Indika and Foxconn to Build an Electric Car Ecosystem Rp.114 T
Hon Hai Precision Industry Co. Ltd. (Foxconn), Gogoro Inc., PT Industri Battery Indonesia (IBC), and PT Indika Energy Tbk., in the development of electric vehicles in IndonesiaFoxconn together with Gogoro, IBC, and Indika will explore cooperation in investing in a comprehensive electric vehicle ecosystem in Indonesia, from batteries to the development of the vehicle industry.
By Safrezi Fitra January 22, 2022, 09:41
Hon Hai Precision Industry Co. Ltd. ( Foxconn ), Gogoro Inc, PT Industri Battery Indonesia (IBC), and PT Indika Energy Tbk., signed a cooperation commitment to build an electric vehicle (EV) ecosystem in Indonesia with a total investment value of US$8 billion (equivalent to Rp.114 billion). trillion).
This collaboration is related to investment in the development of a new sustainable energy ecosystem through investment in electric batteries, electric vehicles , and their supporting industries with the Build-Operate-Localize (BOL) cooperation scheme . The cooperation was also signed by the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia and witnessed by the Minister of SOEs Erick Thohir in Jakarta and Taipei, Taiwan virtually, Friday (21/1).
Through the memorandum of understanding, Foxconn together with Gogoro, IBC, and Indika will explore cooperation in investing in a comprehensive electric vehicle ecosystem in Indonesia, starting from the manufacture of electric batteries (including battery cells, battery modules, and batteries), to the development of the electric vehicle industry. four, two-wheeled electric vehicles, and electric buses (E-Bus).
The scope of cooperation also includes the development of EV supporting industries which include energy storage systems (ESS), battery exchange/swap stations , recycled batteries, as well as research and development (R&D) in the field of electric batteries and EVs.
The entire project is expected to generate a total market capitalization of more than US$100 billion in Indonesia by 2030.
Investment Minister/Head of BKPM Bahlil Lahadalia said the signing of the MoU was a continuation of the meeting in Taiwan in October 2021. At that time, Foxconn and Gogoro were interested in developing the battery and electric vehicle industry in Indonesia.
"Today we are entering a new era. The Indonesian government will seriously oversee this investment plan, with SOE partners and national entrepreneurs in Indonesia. Under the administration of President Joko Widodo for the second period, Indonesia is very focused on encouraging sustainable investment, especially promoting green energy and green energy. industry ," Bahlil said in a written statement in Jakarta, Friday.
Bahlil said he would oversee the investment commitment, including ensuring the smooth realization of the Taiwanese company's investment. The government will handle all permits, or domestic affairs, including investment incentives. "Foxconn and Gogoro only need to bring technology, capital and part of the market. I am sure today, this investment can be executed for our progress and awakening together," said Bahlil.
SOE Minister Erick Thohir said this investment collaboration would support the Indonesian government's commitment to the Glasgow Climate Pact, which was signed at the 26th UN Climate Change Conference of the Parties (COP26) last year.
Indonesia is committed to achieving zero carbon emissions by 2060 and abandoning the use of coal as an energy source in 2040. Erick also praised the investment scheme in the form of BOL.
"This scheme will not only bring investment and multiplier effects to MSMEs and local companies, but will also increase the ability of Indonesian workers with research and development (R&D) as well as transfer of knowledge and technology of electric vehicles," said Erick.
Meanwhile, Foxconn Chairman Liu Young-Way appreciated Indonesia's commitment to a greener and sustainable future. For him, there is no better time for Foxconn to start investing in Indonesia. "We want to contribute to Indonesia's vision of developing a new energy ecosystem for their local EV and related energy markets. We look forward to sharing our open platform for electric vehicles (MIH) and our BOL business model with local Indonesian companies," said Liu.
He hopes that by sharing technology and experiences, Foxconn can help create more opportunities for local companies in the new energy and EV market.
Furthermore, the MoU also demonstrates Gogoro's commitment to sustainable transportation initiatives and support for the development of the transportation ecosystem in Indonesia through partnerships with several Indonesian and global companies.
This memorandum of understanding complements Gogoro's two-wheeled pilot project with Electrum, a joint venture with Gojek in Jakarta, which was launched in December 2021. Gogoro Inc CEO Horace Luke said this signing marks a new era of Indonesia's commitment to become a global leader in terms of sustainability . An era that supports an open ecosystem that provides Indonesia with better and cleaner transportation options.
"The collaboration between Gogoro, Foxconn, IBC and Indika will create an electric vehicle ecosystem that enables a healthy EV industry, including energy cells, battery industry, electric vehicles, and user-friendly battery exchange infrastructure," he said.
IBC Gandeng Indika dan Foxconn Bangun Ekosistem Mobil Listrik Rp114 T - Otomotif Katadata.co.id
Foxconn bersama Gogoro, IBC, dan Indika akan menjajaki kerja sama investasi ekosistem kendaraan listrik komprehensif di Indonesia, mulai dari baterai hingga pengembangan industri kendaraannya.
katadata.co.id
Indos
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Indika Energy is a big coal miner company ( private sector), this company is planning for the future which make them diversify their business to port, Information Technology and now this one EV battery ecosystem.
Indika Energy Company profile
Indika Energy Company profile
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Hyundai Factory in West Java, Indonesia, where some of production facility will produce EV cars
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Hyundai Motor plant in Indonesia unveiled
Seen here is a Hyundai Motor Co. plant in Delta Mas Industrial Complex in Bekasi, some 40 kilometers east of Jakarta, on Jan. 13, 2022. The plant will begin production of the South Korean carmaker's Creta SUV on Jan. 17. (Yonhap)
(END)
en.yna.co.kr
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Hyundai Motor plant in Indonesia unveiled
General 17:12 January 13, 2022Hyundai Motor plant in Indonesia unveiled
Seen here is a Hyundai Motor Co. plant in Delta Mas Industrial Complex in Bekasi, some 40 kilometers east of Jakarta, on Jan. 13, 2022. The plant will begin production of the South Korean carmaker's Creta SUV on Jan. 17. (Yonhap)
(END)
Hyundai Motor plant in Indonesia unveiled | Yonhap News Agency
Seen here is a Hyundai Motor Co. plant in Delta Mas Industrial Complex in Bekasi, some 40 ...
Indos
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AlhamduliLLAH, Hyundai Motor Manufacturing Indonesia has started the operation of their first factory in Indonesia. The even is also to celebrate the start of EV car produced in Indonesia in mass production scale.
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Freeport Indonesia seeks to raise $3 billion in bonds for copper smelter
President Joko "Jokowi" Widodo (white shirt, left) during the groundbreaking ceremony of PT Freeport Indonesia's copper smelter in Gresik, East Java on Oct. 12, 2021. (BPMI Setpres/Lukas)
Divya Karyza (The Jakarta Post)
Jakarta ● Mon, April 11, 2022
Gold and copper mining giant PT Freeport Indonesia (PTFI) is set to raise US$3 billion from the issuance of US dollar-denominated senior notes to finance its copper smelter project development in Gresik, East Java.
The bonds, which will be issued on April 14, come in three tranches with coupons ranging from 4.76 to 6.2 percent and maturity dates from 2027 to 2052. PTFI will sell the bonds in the United States, mainly to institutional buyers. The company explicitly said the bonds may not be offered or sold to Indonesian citizens or to foreign individuals and entities in Indonesia.
PTFI spokesman Riza Pratama said that PTFI decided to issue long-term senior notes because the smelter project was also a long-term investment
“Other funding mechanisms, such as bank loans, generally have shorter tenors. Considering PTFI’s strong financial profile, it is possible that the company can obtain an investment-grade rating of Baa3 from Moody’s and BBB- from Fitch for these senior notes,” he said on Monday.
PTFI’s copper smelter, developed by Japan-controlled PT Chiyoda International Indonesia, would cost an estimated $3 billion. The smelter, which had begun construction in October last year, is scheduled for completion in 2024.
The smelter is expected to process 1.7 million tons of copper concentrate annually into 600,000 tons of copper cathode, which can be further processed into electrical wiring, pipes and car batteries, among other products.
Separately, Dany Amrul Ichdan, institutional relations director of state-owned mining holding company MIND ID, said PTFI decided to issue senior notes when taking into account the trend of rising US interest rates as the US Federal Reserve lays out plans to raise benchmark rates.
Indonesia, through MIND ID and the Papua regional administration, owns 51.24 percent of Freeport Indonesia. US-based Freeport McMoRan owns the remaining 48.76 percent. “PTFI requires quite large funding in capital expenditure in US dollars.
Senior notes issuance will provide certainty in capital expenditure availability and interest payable during the smelter’s construction phase,” he told Kontan.co.id on Sunday.
Freeport Indonesia seeks to raise $3 billion in bonds for copper smelter
The smelter, which would cost an estimated $3 billion, is slated for completion in 2024.
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Indonesia maps rare earth reserves for industry goals
A worker in protective clothing works at a ferronickel smelter owned by PT Aneka Tambang (Antam) in Pomalaa, Central Sulawesi, in May 2019.(MIND.ID/-)Divya Karyza (The Jakarta Post)
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Jakarta ● Wed, April 13, 2022
The government has laid out plans to map Indonesia’s rare earth element reserves as part of a wider plan to develop downstream rare earth industries.
Energy and Mineral Resources Ministry Mining Director General Ridwan Djamaluddin said on Monday that the ministry had identified eight locations that contained rare earth reserves, with plans to explore more areas up until 2024.
“All eight are still in the early exploration stage,” he told House Commission VII, which oversees energy and mineral resources, at a hearing in Jakarta.
Indonesia maps rare earth reserves for industry goals
Rare earth elements are used in a long list of products including high-tech electronics, EV batteries and wind turbines.
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AlhamduliLLAH
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China battery maker CATL is joint-venturing with Indonesian firms to jump start the country's EV production aspirations. — AFP
China’s top battery producer plans to boost its presence in the aspiring electric-vehicle hub of Indonesia by partnering with local state-owned groups to build a US$5.97bil mining-to-batteries complex.
A unit of Contemporary Amperex Technology Co. Ltd. will join PT Aneka Tambang and PT Industri Baterai Indonesia on the project that spans everything from nickel mining to battery materials, recycling, and an EV batteries factory.
The Southeast Asian nation is aiming to become a major player in the electric-vehicle supply chain linked to its massive reserves of nickel, a vital battery material.
CATL already has some involvement in Indonesia, while Chinese firms including Tsingshan Holding Group play a major role in the country’s nickel sector.
"The Indonesia project is an important milestone for CATL as we expand our global footprint, and it will become an emblem of the everlasting friendship between China and Indonesia,” Robin Zeng, founder and chairman of CATL, said in a statement on Friday.
The project will be based in Indonesia’s North Maluku province. The joint venture still needs approval from the companies’ shareholders and from regulators. – Bloomberg
www.thestar.com.my
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China battery giant CATL joins US$6bil venture in Indonesia
China battery maker CATL is joint-venturing with Indonesian firms to jump start the country's EV production aspirations. — AFP
- Friday, 15 Apr 2022
5:00 PM MYT
China’s top battery producer plans to boost its presence in the aspiring electric-vehicle hub of Indonesia by partnering with local state-owned groups to build a US$5.97bil mining-to-batteries complex.
A unit of Contemporary Amperex Technology Co. Ltd. will join PT Aneka Tambang and PT Industri Baterai Indonesia on the project that spans everything from nickel mining to battery materials, recycling, and an EV batteries factory.
The Southeast Asian nation is aiming to become a major player in the electric-vehicle supply chain linked to its massive reserves of nickel, a vital battery material.
CATL already has some involvement in Indonesia, while Chinese firms including Tsingshan Holding Group play a major role in the country’s nickel sector.
"The Indonesia project is an important milestone for CATL as we expand our global footprint, and it will become an emblem of the everlasting friendship between China and Indonesia,” Robin Zeng, founder and chairman of CATL, said in a statement on Friday.
The project will be based in Indonesia’s North Maluku province. The joint venture still needs approval from the companies’ shareholders and from regulators. – Bloomberg
China battery giant CATL joins US$6bil venture in Indonesia
China battery manufacturing giant CATL is forming a joint-venture with Indonesian firms to jump start the country's EV production aspirations.
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Luhut-led delegation meets Musk to talk investing in RI, EVs
Tesla talks: Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan (right, rear) attends a meeting with Tesla CEO Elon Musk (center, front) on potential investments in Indonesia's electric vehicle industry on Tuesday at the United States carmaker's new Texas headquarters. Luhut led a selected delegation that included (from left) business leaders Anindya Bakrie and Pandu Sjahrir, as well as Indonesian Ambassador to the US Rosan Roeslani.(Instagram of Anindya Bakrie/.)
Norman Harsono (The Jakarta Post)
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Jakarta ● Tue, April 26, 2022
Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan led an Indonesian delegation to a meeting with Tesla CEO Elon Musk in the United States to talk about potential investments in Indonesia's electric vehicle (EV) industry.
Leading business figures Anindya Bakrie and Pandu Sjahrir, who were part of the delegation, took to Instagram on Tuesday to post updates about the meeting at Tesla’s new factory in Austin, Texas.
“Our aim is to convince Tesla to explore partnerships with Indonesia in the procurement and development of nickel [as a] raw material for battery cells based on ESG,” Anindya wrote, referring to the environmental, social and governance (ESG) standards of doing business.
Luhut-led delegation meets Musk to talk investing in RI, EVs
A selected delegation led by Luhut has met with the Tesla CEO to talk about investing in Indonesia, particularly its electric vehicle industry.
