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China's BYD raises car prices after subsidy cuts

Published 12/31/2022, 10:47 PM
Updated 12/31/2022, 10:50 PM
© Reuters. The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe
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SHANGHAI (Reuters) - Leading Chinese electric car manufacturer BYD Co (OTC:BYDDF) has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since November last year.

© Reuters. The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe

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 (NASDAQ:WB) account.

($1 = 6.8972 yuan)

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