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10+ CN NEV Makers Reportedly Plan Price Tweaks; Tesla Raises Prices of Some Models by Up to RMB20,000
2026-05-14 16:53:28 According to incomplete statistics, more than 10 new energy vehicle (NEV) makers have recently adjusted prices, reduced discounts or planned to raise prices in 2Q26, Chinese media reported. Among them, BYD COMPANY (01211.HK) raised the prices of smart driving optional packages for certain models by more than RMB2,000. XIAOMI-W (01810.HK) lifted prices of its new-generation SU7 series by RMB4,000. Tesla, Inc. (TSLA.US) raised prices of the Model Y Long Range and Performance versions by RMB18,000 and RMB20,000, respectively. In addition, NIO-SW (09866.HK) and XPENG-W (09868.HK) have planned to increase vehicle prices in 2Q26. Meanwhile, brands such as Tesla, Zeekr and Avatr have tightened their interest-free auto financing policies, leading to higher implicit car purchase costs. A sales representative at a NIO-SW store in Beijing said prices of the main models currently remain unchanged, but the RMB10,000 terminal discount may be cancelled later, which would increase car purchase costs. A sales representative at a BYD COMPANY store noted that the recent price hikes only apply to certain special optional versions, while prices of base models remain stable. ~ AASTOCKS Financial News Website: www.aastocks.com | |