BEIJING, Nov 23 (Reuters) – Chinese language automaker BYD Co Ltd mentioned on Wednesday it raised costs for 3 of its electrical car fashions by 2,000 yuan ($279.86) to six,000 yuan, citing causes together with rising battery costs and the scheduled expiration of some state subsidy plans.
BYD (002594.SZ), in a press release revealed on its official Weibo account, mentioned the nationwide subsidy for some electrical and hydro energy automobiles will finish on Dec. 31, 2022. And the uncooked materials value for batteries has additionally jumped because the second half of this yr, it mentioned.
($1 = 7.1465 Chinese language yuan renminbi)
Reporting by Beijing newsroom; Modifying by Muralikumar Anantharaman
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