BYD raising the prices of electric cars

2022.11.22 22:16

BYD raising the prices of electric cars

Budrigannews.com – BYD Co., a Chinese automaker, stated on Wednesday that it had increases the price of their cars models by 2,000 yuan (or $279.86) to 6,000 yuan. The company cited rising battery costs and and other accessories.
In a statement that was made public on its official Weibo (NASDAQ:) According to the account, the federal subsidy for some electric and hydroelectric vehicles will end on December 31, 2022.It also stated that the price of batteries’ raw materials has increased since the second half of this year.

($1 = 7.3253 renminbi)

BYD raising the prices of electric cars