ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

BYD to raise battery prices 20% as lithium costs soar fourfold

Chinese EV giant to cancel pending contracts, potentially hitting other makers

A bus is prepared for delivery the BYD electric bus factory in Lancaster, California, U.S., on July 1.   © Reuters

Chinese electric vehicle and battery maker BYD will increase the price of battery products by at least 20% effective Nov. 1, the company said on Monday in a letter to clients.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more