However, some automakers like China’s BYD have instead chosen to invest in Thailand, the region’s automotive hub.
“Tomorrow we are going to finalize incentives that we are going to give to any EV investment in Indonesia,” Luhut said, adding they were awaiting President Joko Widodo’s approval.Luhut said he will meet BYD executives in China’s city of Chengdu on Thursday, and a meeting is also scheduled on August 3 with Tesla’s chief executive Elon Musk in California, United States.
Indonesia has been wooing Tesla for years, hoping to host an Asian production hub for the American EV maker. Tesla has been in talks with Indian officials for an investment in an EV factory there.
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