Like Musk, nickel-rich Indonesia has high electric vehicle ambitions

6 February 2023, 12:00 am

1 min read

Reuters shed light on how, armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric vehicle production in the country with manufacturers including Hyundai Motor, LG Group and Foxconn.