European carmakers look to Indonesia as alternative to China
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Indonesia is trying to position itself as a new center for electronic vehicle production, and carmaking giants such as Volkswagen are eager to take advantage. The EU and Indonesia are pushing to complete a free trade agreement by the end of the year, as the South Asian country prepares to boost its EV industry. The South Asian country of over 280 million boasts a vast wealth of nickel and other raw materials crucial for producing modern cars.