price rise Archives

Tesla China Raises Price of Model Y Again

Following a dramatic increase in the price of full-line electric vehicles by Tesla in the United States, the long-range version of the Model Y in China has now also undergone a price increase.

XPeng Motors to Offer New Generation of Charging Piles

The rising price of 95 RON gasoline in China sparked extensive online discussion on Tuesday, including comments posted to Weibo by XPeng Motors CEO He Xiaopeng.

Xiaomi President Wang Xiang: Average Smartphone Price to Rise

Wang Xiang, President of Xiaomi, said that the company would add more high-end technologies to smartphones and will strive to make quality mid-to-high-end products.

EV Firm NIO to Raise Price of ET7 by 10,000 Yuan From May 23

NIO Inc., a Chinese new energy vehicle manufacturer, announced on Friday that due to the recent rise in global raw material costs, it has decided to raise the prices of its vehicles from May 23.

Battery Giant CATL Responds to Investor Concerns

Contemporary Amperex Technology Co. Ltd. (CATL), a global leader in lithium-ion battery development and manufacturing, released a record of investor relations activities on Thursday.

Huawei-backed AITO Announces 4WD M5 Price Increase

Huawei-backed auto brand AITO announced on April 20 that the price of AITO M5's four-wheel drive version will be adjusted due to the rising cost of raw materials. On Thursday, the price adjustment plan was officially announced.

Huawei-backed AITO to Raise Prices of M5 Next Month

AITO, a new energy vehicle brand jointly created by Huawei and Chongqing Sokon's Seres, is the latest to raise the prices of its vehicles.

March Retail Sales of New Energy Cars in China Total 445,000, Up 137.6% YoY

The CPCA released the sales volume of the domestic passenger car market in March. Data show that during the month, retail sales of passenger cars reached 1.579 million units, down 10.5% year-on-year and up 25.6% quarter-on-quarter.

BAIC Group’s Arcfox to Increase Vehicle Prices

Arcfox, an electric vehicle brand owned by BAIC BluePark New Energy, said on Wednesday that it has decided to increase vehicle prices from May 1.

Geely-Backed EV Brand Zeekr to Raise Prices on May 1

Zeekr, a high-end electric vehicle brand operated by Chinese auto giant Geely announced on Saturday that it will raise prices starting from May 1, 2022.

E-Cigarettes See Price Increase in China Amid Tougher Regulation

Under strict new regulation issued on March 11, many brands of electronic cigarettes and vaporizers with fruit flavors have seen prices increase by up to 20-30 yuan ($3.14-$4.72).

NIO to Raise EV Prices With Release of 2022 Versions in May

Chinese electric vehicle brand NIO said on Saturday that it expects to release the 2022 versions of its ES8, ES6 and EC6 models in late May, featuring several major upgrades and increasing the prices of vehicles and batteries.

Li Auto to Raise Price of Premium Electric SUV by $1,851

Chinese electric vehicle manufacturer Li Auto announced on Wednesday a price increase for its six-seat premium electric SUV, the Li ONE.

Tesla China Forbids Customers to Resell Vehicles Within a Year

Tesla China has recently asked local consumers to sign a "letter of commitment not to resell their cars," igniting heated discussion among domestic web users.

XPeng Raises EV Prices By Up to $4,720

Guangzhou-based electric vehicle manufacturer XPeng Motors raised prices for all three of its main models on Monday.

Tesla China Raises Price of Rear-Wheel Drive Model Y by $2,373

Tesla China's official website showed on Thursday that the basic price of its Model Y rear-wheel drive electric vehicle was raised by 15,060 yuan ($2,373) to reach a total of 316,900 yuan ($49,921).

BYD Raises Prices of Some Models

Shenzhen-based automaker BYD issued a statement on Tuesday, adjusting the official guide price of its Dynasty and Ocean series models by a range of 3,000 yuan to 6,000 yuan ($472-$943).

WM Motor Raises Price of Some NEV Models

NEV brand WM Motor announced on Wednesday that due to factors including rising parts prices, the production schedule and price of some models will be adjusted from March 1.

iQIYI’s Net Losses Reach 968.1 Million in 2021

iQIYI, a Chinese video platform, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

Starbucks China Increases Prices for Certain Products

Many Chinese web users took to social media on Wednesday to comment that Starbucks has raised the price of various products by 1-2 yuan ($0.16-0.32), including americanos, lattes and a range of food items.

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