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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAmerican giant Tesla signs a $5 billion contract to source nickel, a key material for electric cars. The announcement was made by a member of the Indonesian government.
Metal is an indispensable element in the manufacture of electric batteries. An electric vehicle contains an average of 50kg of metal compared to elements such as: cobalt, which is 7 kg, and lithium, 45kg. “We are still in negotiations with Tesla but they have started buying two excellent Indonesian products,” Luhut Pandjaitan, the minister in charge of investment coordination and maritime affairs, informed. The contract signed by Tesla has a duration of 5 years.
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