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Indonesia Invites Global Investors to Work on Electric Vehicles

JAKARTA - Head of the Investment Coordinating Board Indonesia (BKPM) Bahlil Lahadalia said the government continues to encourage the development of the electric vehicle ecosystem, one of which is by inviting global investors from Tesla to Volkswagen (VW). Bahlil revealed that Indonesia has pocketed the investment plans of two global companies in the integrated battery industry, namely Contemporary Amperex Technology Co. Ltd (CATL) from China with an investment value of 5.2 billion US dollars and LG Chem from South Korea with an investment value of 9.8 billion US dollars. "BASF is in the communication process, Tesla is in the communication process. Then VW is also in the communication process," he said, Wednesday (3/3). Indonesia Targets Several Large Companies Tesla is an electric veh...