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China automaker BYD says raises prices for some EV models

BEIJING (Reuters) - Chinese automaker BYD Co (OTC:BYDDF) Ltd said on Wednesday it raised prices for three of its electric vehicle models by 2,000 yuan ($279.86) to 6,000 yuan,...
China automaker BYD says raises prices for some EV models © Reuters. FILE PHOTO: The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe
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BEIJING (Reuters) - Chinese automaker BYD Co (OTC:BYDDF) Ltd said on Wednesday it raised prices for three of its electric vehicle models by 2,000 yuan ($279.86) to 6,000 yuan, citing reasons including rising battery prices and the scheduled expiration of some state subsidy plans.

BYD, in a statement published on its official Weibo (NASDAQ:WB) account, said the national subsidy for some electric and hydro power vehicles will end on Dec. 31, 2022. And the raw material price for batteries has also jumped since the second half of this year, it said.

($1 = 7.1465 Chinese yuan renminbi)

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    EUR/USD 1.0356 Neutral  
    GBP/USD 1.2048 Buy  
    USD/JPY 138.59 ↑ Sell  
    AUD/USD 0.6694 ↑ Buy  
    USD/CAD 1.3446 ↑ Buy  
    EUR/JPY 143.52 ↑ Sell  
    EUR/CHF 0.9812 ↑ Sell  
    Gold 1,750.15 ↑ Buy  
    Silver 21.270 ↑ Buy  
    Copper 3.5648 ↑ Sell  
    Crude Oil WTI 74.08 Buy  
    Brent Oil 81.28 Neutral  
    Natural Gas 7.273 ↑ Buy  
    US Coffee C 164.40 ↑ Sell  
    Euro Stoxx 50 3,962.41 ↑ Buy  
    S&P 500 4,026.12 Neutral  
    DAX 14,541.38 ↑ Buy  
    FTSE 100 7,486.67 ↑ Buy  
    Hang Seng 17,253.00 ↑ Buy  
    Small Cap 2000 1,869.19 ↑ Buy  
    IBEX 35 8,416.60 Sell  
    BASF 49.605 Neutral  
    Bayer 55.45 Sell  
    Allianz 205.35 ↑ Buy  
    Adidas 123.98 Neutral  
    Lufthansa 7.567 ↑ Sell  
    Siemens AG 132.06 ↑ Buy  
    Deutsche Bank AG 10.390 ↑ Buy  
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