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CNBC Indonesia is reporting that Tesla and the federal government of Indonesia have come to an settlement for that nation to produce nickel worth $5 billion to Tesla over the following 5 years. The deal apparently signifies that Tesla is not going to be relying totally on iron phosphate batteries for its autos sooner or later. Since Google Translate doesn’t work nicely with Indonesian, we’ll depend on Reuters and different information sources for the small print.
In Could, Indonesian president Joko Widodo met with Elon Musk to debate increasing Tesla’s enterprise relationship with Indonesia, which has the biggest economic system in Southeast Asia. The federal government would love for Tesla to construct a brand new manufacturing facility within the nation and maybe this new enterprise association will make Tesla extra receptive to that concept.
“We’re nonetheless in fixed negotiation with Tesla … however they’ve began shopping for two wonderful merchandise from Indonesia,” Coordinating Minister for Maritime and Funding Affairs Luhut Pandjaitan stated in an interview broadcast on Monday. He added that Tesla has signed a five-year contract with nickel processing firms working out of Morowali on Sulawesi Island. The nickel supplies can be utilized in Tesla’s lithium-ion batteries, in line with Reuters.
Indonesia is keen on turning into an electrical car and battery manufacturing hub, and stopped exports of nickel ore to make sure provide for buyers earlier this yr. That transfer has had the specified impact by attracting investments from Chinese language metal giants and South Korean firms like LG and Hyundai. Nonetheless, most nickel funding up to now have gone to manufacturing of crude steel equivalent to nickel pig iron and ferronickel.
The federal government plans to impose export tax on these metals to spice up income whereas encouraging extra home manufacturing of upper worth merchandise, a senior official advised Reuters final week.
CnEVPost has an fascinating perception on all this. It says that on the finish of July, two Chinese language firms — Zhejiang Huayou Cobalt and CNGR Superior Materials Co — introduced they might provide Tesla with ternary precursors for battery supplies, specifically nickel, cobalt, and manganese supplies. The newest stories, in addition to the earlier announcement, have led to hypothesis that the 2 Chinese language firms would be the suppliers behind the contract for Tesla. Each have exiting nickel smelting amenities in Indonesia.
In that case, these provides is not going to be destined for any electrical autos on the market to America clients, as the brand new EV incentives contained within the Inflation Reduction Act are not applicable to vehicles with batteries whose raw materials are sourced from China or Chinese owned companies. However Tesla is free to promote these autos in every other world markets and certain intends to do exactly that.
As for a brand new manufacturing facility in Indonesia? Elon mused recently about building 10 to 12 new factories around the world. There’s no cause one in all them couldn’t be in Indonesia.
Featured picture: screenshot from Tesla Battery Day 2020 video on YouTube
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