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

Tesla, BYD raise China prices on EV subsidy cuts and material costs

Beijing reduces incentives for electrics by 30% as part of phaseout

Tesla's delivery center in Beijing: The automaker raised prices on its flagship Model 3 and Model Y by 4%-8% at the end of 2021. (Photo courtesy of Tesla)

GUANGZHOU -- Electric-car manufacturers like BYD and Tesla are raising prices in China, where government subsidies for such new-energy vehicles were reduced in January.

The automakers also are passing on surging materials prices to buyers.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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