[Cool]
Chinese EV maker NIO won’t increase vehicle price in future
@OlWestyWin：
$NIO Inc.(NIO)$ Nio (NYSE:NIO) said on Monday that it has no plans to increase the prices of any of its electric vehicle models “in the near term” as it hopes to maintain price stability “for the benefit of customers,” Chinese media outlet Sina Tech reported. However, the EV maker added that it will remain nimble and flexible when making pricing decisions, given the dynamic changes in EV’s raw materials and chip supply. Several Chinese electric vehicle companies have raised their prices in recent days, all citing price increases in raw materials. Li Auto (LI) will hike the price of the company's only model currently on sale by RMB 11,800 ($1,853) to RMB 349,800 from the current RMB 338,000. Li Auto's local peer XPeng (XPEV) saw its price increases of RMB 10,100 to RMB 20,000 ($3,140) for its models starting March 21. Tesla (TSLA) raised China-built vehicles prices by 14,200-20,000 Yuan. BYD (OTCPK:BYDDF) also hiked prices on rising raw materials costs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet