Hyundai, Toyota and other car companies aim at nickel resources and plan to develop business and electric vehicle ecosystem in Indonesia.

CTOnews.com, November 14, according to the Nikkei News, at the Bloomberg New Energy Financial Forum held in Bali, Indonesia, Axel Maschka, executive vice president of Hyundai Mobis, a subsidiary of Hyundai Automotive parts, said that the company plans to establish a "foothold" in Indonesia, which "can become an important hub for the electric car market in Southeast Asia and Australia."

Pras Ganesh, executive vice president of Toyota Dafa Engineering Manufacturing Company, pointed out during the same event that Toyota also hopes to develop electric vehicle value chain and ecosystem in Indonesia.

CTOnews.com learned that Indonesia has been trying to get Tesla to set up production facilities in the country. Earlier this year, Indonesian President Joko Widodo met with Tesla CEO Elon Musk in an attempt to promote Tesla's investment in Indonesia.

Indonesia has the world's largest nickel reserves, and its president wants to vigorously develop the nickel-based electric car industry at home, and has halted nickel ore exports to ensure the supply of investors. BHP Billiton, one of the world's largest suppliers of metal commodities, expects demand for nickel in the battery industry to surge by more than 500 per cent over the next decade.