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China's ev maker Xpeng will raise prices from March 21

Published 03/18/2022, 07:03 AM
Updated 03/18/2022, 07:06 AM
© Reuters. FILE PHOTO: An Xpeng P5 electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song

BEIJING (Reuters) - Chinese Energy Vehicle Maker Xpeng (NYSE:XPEV) Inc said on Friday it will raise its prices for on-sale vehicles before subsidy from March 21 due to the rising costs of raw materials.

Xpeng will raise its prices by between 10,100 yuan ($1,590) and 20,000 yuan, the company said in its official Wechat account.

($1 = 6.3626 Chinese yuan renminbi)

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