CnEVPost Newsletter: Price hikes!
XPeng has announced that it will increase the pre-subsidized price of its current models by RMB 10,100 to RMB 20,000 ($3,140) due to continued significant increases in raw material prices.
Deutsche Bank on XPeng price hikes: Demand won't face structural impact - CnEVPost Considering that many other automakers are also raising prices, the team does not expect any structural impact on future demand.
Li Auto CEO expects more EV makers to raise prices as Q2 battery costs rise ridiculously - CnEVPost Li Auto CEO said that most of the EV makers that have not yet announced price increases are those whose contracts with battery suppliers have not yet been finalized, and they will also increase prices once they are.
Leapmotor raises price of its flagship SUV by up to about $4,720 - CnEVPost Leapmotor said this is due to a sharp increase in raw material prices and a reduction in state subsidies for NEV purchases.
WM Motor raises prices further by up to $4,090 - CnEVPost After raising the prices of some models on March 1, WM Motor will raise prices again by 7,000 to 26,000 yuan ($4,090) starting March 28.
Great Wall Motor's Ora brand hikes prices by up to $1,100 - CnEVPost Ora will adjust the post-subsidy prices of all versions of the 2022 Good Cat model by RMB 6,000-7,000 ($1,100) starting March 23.
Geely's EV brand Geometry raises prices by up to $1,100 - CnEVPost Geometry has raised the prices of its models by RMB 3,000-7,000 ($1,100) due to factors including rising raw material prices.
Tesla, NIO supplier CATL reportedly plans $5 billion battery plant in North America - CnEVPost CATL aims to build a plant in North America capable of producing up to 80 GWh of batteries a year and eventually employing up to 10,000 workers, according to Bloomberg.
BYD's flagship sedan Han family's two new models start pre-sale - CnEVPost The Han DM-i and Han DM-p are officially available for pre-sale today, with a price range of RMB 216,800 - 322,800.
BYD says new Han variants get 12,098 orders in 10 hours of pre-sale - CnEVPost Two new variants of the Han DM - Han DM-i and Han DM-p - received 12,098 orders in 10 hours after opening for pre-sale, BYD said.
BYD releases first teaser video on Seal model - CnEVPost BYD attempts to highlight the model's oceanic aesthetics by showing off the smooth lines of its body.
CALB taps into EV battery fever with Hong Kong IPO plan - CnEVPost China's No. 3 electric vehicle battery maker reportedly hopes to raise up to $1.5 billion, becoming Hong Kong's biggest listing so far this year.