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☆ Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

Indonesia, the largest economy in Southeast Asia, has been trying to attract EV makers to invest in the country, enticing them with its rich nickel reserves - the world's biggest - which can be processed into EV batteries. However, some automakers like China's BYD have instead chosen to invest in Thailand, the region's automotive hub. "Tomorrow we are going to finalise incentives that we are going to give to any EV investment in Indonesia," Luhut said, adding they were awaiting President Joko Widodo's approval. Indonesia has been wooing Tesla for years, hoping to host an Asian production hub for the American EV maker. Tesla has been in talks with Indian officials for an investment in an EV factory there.

Persons: Pandjaitan, Luhut, Joko Widodo's, Elon Musk, Tesla, Ananda Teresia, Gayatri Suroyo, Kanupriya Kapoor Organizations: CNBC Indonesia, Maritime Affairs, Natural, EV, Thomson Locations: JAKARTA, Indonesia, Thailand, Vietnam, Southeast Asia, China's, Chengdu, California, United States, American

☆ Tesla nears deal to build production facilities in Indonesia -Bloomberg News
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly SongCompanies Tesla Inc FollowJan 12 (Reuters) - Tesla Inc (TSLA.O) is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported on Wednesday, citing unidentified people familiar with the matter. Tesla makes its electric cars in China's Shanghai, Germany's Berlin, and Austin and Fremont in the United States. The latest report said the Indonesia talks include plans for production facilities and to facilitate the company's supply chain. Tesla has signed contracts worth about $5 billion to buy materials for batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia last year.

☆ Tesla nears deal to build production facilities in Indonesia - Bloomberg News
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly SongCompanies Tesla Inc FollowJan 11 (Reuters) - Tesla Inc (TSLA.O) is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported on Wednesday, citing people familiar with the matter. The country's investment minister confirmed talks with the world's most valuable automaker, the report added. The report said that the talks include plans for production facilities and to facilitate the company's supply chain. Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia last year.

☆ Indonesia to announce ban on exports of a commodity, without saying which
▼ + stars: | 2022-12-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

Once the world’s biggest exporter of nickel ore, Indonesia stopped exports in January 2020, a move that had enticed foreign investors, mostly from China, to build smelters in the resource-rich country. Today, later, we will announce (an export ban on) one more commodity,” Jokowi told an economic forum. Jokowi said his nickel export ban had helped Indonesia jumped up the value chain for nickel-based exports, which then boosted overall shipments and improved its current account position. The World Trade Organization last month ruled in favour for the European Union over dispute on nickel ore exports, which Indonesia is appealing. Jokowi on Wednesday said he is certain Indonesia’s next export ban would face lawsuit, but said it will not deter him.

☆ Musk to join G20 summit in Indonesia virtually, CNBC Indonesia reports
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: 1 min

NUSA DUA, Indonesia, Nov 12 (Reuters) - Elon Musk will join the G20 summit in Indonesia's Bali virtually rather than in person, an official from the Indonesian Chamber of Commerce told CNBC Indonesia on Saturday. "He is unable to attend because...there are incidents in the United States and he must be present there," Arsjad Rasyid, head of the chamber was quoted as saying, adding the Twitter and Tesla CEO would join virtually. Organisers of the event did not immediately respond to a request from Reuters for confirmationReporting by Stanley Widianto and Bernadette Christina Munthe; Writing by Kanupriya Kapoor; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

☆ Musk to join G20 summit in Indonesia virtually - CNBC Indonesia
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +1 min

NUSA DUA, Indonesia, Nov 12 (Reuters) - Elon Musk will join the G20 summit in Indonesia's Bali virtually rather than in person, an official from the Indonesian Chamber of Commerce told CNBC Indonesia on Saturday. Organisers of the event and Indonesian government officials did not immediately respond to Reuters' request for confirmation. Musk is due to speak at a business event related to the summit of the Group of 20 major economies. World leaders including U.S. President Joe Biden and Chinese President Xi Jinping are attending in person, while Russian President Vladimir Putin is expected to attend virtually. After recently acquiring social media platform Twitter, Musk has been mired in a series of strategy and policy changes that have thrown the future of the company into doubt.

☆ Putin won't attend the G20 in person, sending his foreign minister instead
▼ + stars: | 2022-11-10 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Putin said he won't go to the G20 in person, though he may give a speech by video, officials said. Foreign Minister Sergei Lavrov will lead the Russian delegation in Bali, Russia said. While Foreign Minister Sergei Lavrov will lead the Russian delegation in person, Putin may give a speech by video at the event being held in Bali later this month, state-owned news agency TASS reported. Unlike Russia, Ukraine is not a member of the G20 group of nations, but has been invited by host nation Indonesia. Zelenskyy later said that he will attend the summit, likely via video link-up, Ukrainian state broadcaster Suspilne reported on Tuesday.

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