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Thematic (Sector/Industry)

China Metals and mining / Thematic (Sector/Industry)

<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