The prospect of Tesla investing in and building a factory in Indonesia is bleak, Indonesian minister expresses his opinion

News on September 7, Indonesian Coordinating Minister for Marine and Investment Panjatan (Luhut Panjaitan recently gave a speech, saying that Tesla’s prospects of building a factory in Indonesia in the short term are not optimistic.

It is understood that Panjatan revealed at the Bloomberg CEO Forum in Jakarta that he had a meeting with Tesla founder Elon Musk last month. Musk met for more than two hours, mainly discussing Tesla’s investment plans in Indonesia. Panjatan admitted that although the Indonesian government hopes to attract more foreign investment, he does not have high expectations for Tesla to build a factory in Indonesia in the short term.

He said: "I said, it doesn't matter. If you can't invest in Indonesia for the time being, we have no problem." Panjatan also revealed that Musk expressed his views on the current global economic conditions and the supply and demand relationship in the electric vehicle market. Worry.

According to the editor’s understanding, Tesla has previously been rumored to build a factory in Indonesia, but the latest reports show that Tesla is more likely to invest in a battery material factory in Indonesia. , to ensure the stability of battery supply. Although the Indonesian government has signed electric vehicle-related project agreements with other companies, investment negotiations with Tesla have failed to make substantial progress.

Indonesian President Joko Widodo (Joko Widodo has expressed his hope to strengthen Indonesia's electric vehicle industry chain by attracting foreign investors, but Tesla seems to be cautious about the current market and global economic situation. Panjatan said he would meet with Musk again in October to discuss another of Musk's companies SpaceX’s Starl#ink project, which promises to provide internet access to the most remote areas in Indonesia. As for Tesla’s specific plans in Indonesia, we still need to continue to observe and wait for relevant official confirmation.

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