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| Version 0 | Version 1 |
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| Tesla proposes investment in Indonesia as carmaker seeks reliable source of nickel | Tesla proposes investment in Indonesia as carmaker seeks reliable source of nickel |
| (7 months later) | |
| Indonesia has received an investment proposal from US electric car maker Tesla, according to the country’s deputy head for investment and mining coordination, Septian Hario Seto, as quoted by Reuters. | Indonesia has received an investment proposal from US electric car maker Tesla, according to the country’s deputy head for investment and mining coordination, Septian Hario Seto, as quoted by Reuters. |
| The official didn’t provide details of the proposal, citing a non-disclosure agreement, but said the discussion was focused on batteries and energy storage solutions. | The official didn’t provide details of the proposal, citing a non-disclosure agreement, but said the discussion was focused on batteries and energy storage solutions. |
| “I received their proposal yesterday morning ... next week we will meet them [virtually] to get an official explanation. If they only want to buy raw materials, we are not interested. This [proposal] is beyond just taking the raw material,” Septian said. | “I received their proposal yesterday morning ... next week we will meet them [virtually] to get an official explanation. If they only want to buy raw materials, we are not interested. This [proposal] is beyond just taking the raw material,” Septian said. |
| Indonesia, the world’s number-one nickel producer, has been working to persuade Tesla that it is a reliable source of the metal needed to lower the cost of battery production for its electric vehicles. The current cost of batteries has had a negative impact on the automaker’s growth. | Indonesia, the world’s number-one nickel producer, has been working to persuade Tesla that it is a reliable source of the metal needed to lower the cost of battery production for its electric vehicles. The current cost of batteries has had a negative impact on the automaker’s growth. |
| Once one of the top global nickel exporters, Indonesia stopped shipments last year in an attempt to create a full nickel supply chain, from extraction through processing into metals to the chemicals used in batteries. The step was taken to meet the growing global demand for electric vehicles. | Once one of the top global nickel exporters, Indonesia stopped shipments last year in an attempt to create a full nickel supply chain, from extraction through processing into metals to the chemicals used in batteries. The step was taken to meet the growing global demand for electric vehicles. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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