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Benzinga
Benzinga
Business
Shivani Kumaresan

EV Maker XPeng To Raise Prices: Reuters

XPEV NYSE
  • XPeng Inc (NYSE:XPEV) is set to raise its prices for on-sale vehicles before subsidy from March 21, Reuters reported.
  • The company cited the rising raw materials cost as the reason for the price hike.
  • XPeng will raise its prices between 10,100 yuan ($1,590) and 20,000 yuan, the report added.
  • Price Action: XPEV shares traded higher by 17.6% at $29.37 on the last check Friday.
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