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25 October 2022 | Other

Ford plans to invest in electric cars of Indonesia

Ford Motor Co

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.



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