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<ul><li>Tesla Inc. has signed $5 billion worth of deals to buy nickel for electric-vehicle (EV) batteries from companies operating in an Indonesian industrial park that’s jointly run by Chinese metals giant Tsingshan Holdings Group Co. Ltd</li><li>Tesla has signed a five-year contract with nickel processing companies operating out of the Morowali Industrial Park on Sulawesi Island</li><li>The deals come as the Indonesian government seeks to draw in foreign investment to build a complete supply chain for new-energy vehicles</li></ul>

Tesla Inc. has signed $5 billion worth of deals to buy nickel for electric-vehicle (EV) batteries from companies operating in an Indonesian industrial park that’s jointly run by Chinese metals giant Tsingshan Holdings Group Co. LtdTesla has signed a five-year contract with nickel processing companies operating out of the Morowali Industrial Park on Sulawesi IslandThe deals come as the Indonesian government seeks to draw in foreign investment to build a complete supply chain for new-energy vehicles

China’s Tsingshan Looms Over Tesla’s $5 Billion in Indonesian Nickel Deals

<ul>
<li>Morowali, an Indonesian county with fewer than 200,000 residents, has attracted billions of dollars in investment from Chinese companies.</li>
<li>All the money went to the same place — industrial parks established by Chinese stainless steel giant Tsingshan Holding Group Ltd. — to set up nickel smelters</li>
<li>Like many other raw materials in the sector, the trend has driven up nickel prices</li>
</ul>


Morowali, an Indonesian county with fewer than 200,000 residents, has attracted billions of dollars in investment from Chinese companies.
All the money went to the same place — industrial parks established by Chinese stainless steel giant Tsingshan Holding Group Ltd. — to set up nickel smelters
Like many other raw materials in the sector, the trend has driven up nickel prices


In Depth: Chinese Companies’ Quest for Indonesian Nickel Grows Perilous

China

CNGR Advanced Material Co.,Ltd. produces and sells new materials. The Company provides lithium battery cathode material precursors development, production, processing, sales, and other services. CNGR Advanced Material markets its products worldwide.

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CNGR Advanced Material (300919 CH)

China’s Tsingshan Looms Over Tesla’s $5 Billion in Indonesian Nickel Deals

Tesla Inc. has signed $5 billion worth of deals to buy nickel for electric-vehicle (EV) batteries from companies operating in an Indonesian...

Caixin Global

In Depth: Chinese Companies’ Quest for Indonesian Nickel Grows Perilous

Morowali, an Indonesian county with fewer than 200,000 residents, has attracted billions of dollars in investment from Chinese companies.

Caixin Global

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52-week Range

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