Indonesia may allocate 5 trillion rupiah ($320.41 million) from next year's budget to incentivise electric vehicle (EV) purchases, though details of the scheme were still being finalised, a senior minister said on Wednesday. Last week, Industry Minister Agus Gumiwang Kartasasmita said buyers could get a discount of 80 million rupiah for EVs made by firms with factories in the country, as well as other incentives for hybrid cars and electric motorcycles. Airlangga Hartarto, Indonesia's chief economics minister, said at a news conference on Wednesday that authorities are detailing how much they could provide per sale based on the budget allocation.
The HiPhi Z coupe has a starting price of RMB 610,000, with the first production cars rolling off the production line on December 20.
IM Motors LS7, a mid-to-large-size SUV with a pre-sale price range of RMB 350,000 ($50,260) to 500,000, will officially go on sale in February.
NIO's third-generation battery swap station is expected to be able to store up to 22 battery packs and may be compatible with different pack sizes.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZXJ4FUPR3VIQZGUU2PPHCVID3A.jpg)
