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Benzinga
Benzinga
Technology
Rachit Vats

This Tesla, Nio Rival Is The Latest EV Maker To Hike Prices As Material Costs Bite

Tesla Inc. NIO Li Auto Nasdaq CnEVPost Li Auto Inc NYSE

Li Auto Inc (NASDAQ:LI) on Wednesday became the latest electric vehicle maker to increase prices due to a significant increase in upstream raw materials, CnEVpost reported, citing the company.

What Happened: The U.S. listed Chinese electric vehicle maker will increase the price of Li One, its only model currently on sale, to $55,968 (RMB 349,800) from $54,080 (RMB 338,000).

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