Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Rachit Vats

Warren Buffett-Backed Chinese EV Maker Follows Tesla In Hiking Prices As Material Costs Pinch

Chinese electric vehicle maker BYD Co (OTC: BYDDY) has raised prices of its cars by up to $950, Reuters reported on Wednesday, citing the company’s statement posted on its official Weibo account.

What Happened: The price hikes come into effect from Wednesday and are being taken to offset the rising cost of raw materials. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.