Business & Finance

China’s BYD raises car prices after subsidy cuts

Published January 1, 2023 Updated January 1, 2023 10:55am
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SHANGHAI: 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.

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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.