China’s BYD raises car prices after subsidy cuts

Reuters

SHANGHAI (Reuters) – Leading Chinese electric car manufacturer BYD Co has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since November last year.

Official guidance prices will rise by between 2,000 yuan ($290) and 6,000 yuan for its various models, the company said on its official Weibo account.

($1 = 6.8972 yuan)


(Reporting by David Stanway; Editing by Kim Coghill)

Related News:   How a New Jersey Media Giant's Digital Miscalculation Led to Its Own Financial Meltdown

tagreuters.com2023binary_LYNXMPEJ0009M-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.