GUANGZHOU -- Chinese electric vehicle leader BYD will raise prices of electric vehicles and plug-in hybrid cars domestically on Jan. 1 in response to soaring raw material prices for batteries and as government subsidies run out at the end of the year.
Inflation
BYD to hike EV prices on higher material costs, end of subsidies
Hike will apply on Jan. 1, raising possibility of last-minute demand surge
BYD's new vehicle sales have been growing at a rapid clip, reaching 1.4 million vehicles in the first 10 months of 2022. (Photo by Takashi Kawakami)
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