Looking for new markets, Tesla continues negotiations with Indonesia

Whether it is Indonesia, Malaysia or any other market, Tesla has a clear policy of expanding the market to maintain its leading position in the field of electric vehicle manufacturing.

Whether it is Indonesia, Malaysia or any other market, Tesla has a clear policy of expanding the market to maintain its leading position in the field of electric vehicle production. Illustration photo. (Source: Getty)

Indonesian President Joko Widodo recently said that talks with Tesla are still ongoing about the possibility of Tesla investing in Indonesia, as Tesla CEO Elon Musk looks for new markets around the world as his company establishes more manufacturing facilities and increases its competitiveness with rivals in developing economies.

Tesla said that one of the main obstacles highlighted was that Indonesia is not a major electric vehicle (EV) market and does not have the infrastructure for charging batteries. Although Indonesia has tried to attract foreign EV manufacturers by subsidizing the purchase of battery-powered vehicles, it is not an ideal location for Tesla to expand.

In fact, some previous reports from Tesla have suggested that Malaysia is a more suitable market for the company than Indonesia.

Whether it is Indonesia, Malaysia or any other market, Tesla has a clear policy of expanding the market to maintain its leadership in the field of electric vehicle production. With a goal of producing 20 million electric vehicles by 2030, Tesla will penetrate new markets and be able to offer more affordable models.

Source: https://baoquocte.vn/tim-kiem-thi-truong-moi-telsa-tiep-tuc-dam-phan-voi-indonesia-247832.html