Indonesia and Foxconn in talks over electric vehicle investment

Jakarta says plan in place, but iPhone assembler only confirms discussions held

20211025 FOXTRON Model C car from Foxconn Technology Group

Taiwan's Foxconn has big ambitions in electric vehicles and has three prototypes, including the Model C shown here. © EPA/Jiji

SHOTARO TANI and LAULY LI, Nikkei staff writers

October 25, 2021 14:44 JST

JAKARTA/TAIPEI -- Indonesia and iPhone assembler Foxconn have held talks over electric vehicle investment in the Southeast Asian country, though the two sides differ on what was decided.

Both sides in separate statements confirmed investment discussions took place late last week. Any such entry into Indonesia by Foxconn would be huge boost for a country that aims to position itself as a key player in the global EV supply chain.