Ford plans to invest in electric cars of Indonesia
On Thursday, Coordinating Minister for Economic Affairs Airlangga Hartarto declared that Ford Motor Co aims to produce electric vehicles in the country and is already negotiating it.
In July the company signed a non-binding memorandum of cooperation to open the nickel extraction plant in Indonesia since Ford also produces Vale Indonesia nickel.
Hartarto had a meeting at the Center for Strategic and International Studies. There he said that the country can create semiconductors and has a large supply of nickel, which is an essential element in the production of batteries for electric cars. All this can support the US automotive industry.
Recommended
Energy and Precious Metals Market events for February 2-3, 2023
2 February 2023
Last year recorded an increased demand for gold up to the levels of 2011
1 February 2023
Exxon Mobile is criticized for $56 billion profit
1 February 2023
White House Supports Alaska Oil Project
1 February 2023
Aluminum buyers from Japan agreed to pay extra charges in the first quarter
1 February 2023
Top news
Nothing found