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Benzinga
Benzinga
Business
Rachit Vats

Tesla, Xpeng, Li Auto, Nio, BYD: How EV Prices Are Looking Like In China With Latest Hikes

Tesla Inc. BYD Li Auto China NYSE

Leading electric vehicle makers have recently rushed to hike prices in China amid chip shortages and rising raw material costs. 

While Tesla Inc (NASDAQ: TSLA) was among the first automakers to announce the increases, local rivals such as BYD Co (OTC: BYDDY) and Xpeng Inc (NYSE: XPEV) were not far behind.

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