Autos

Chinese buyers not living in lockdown shake off EV price hikes

0


Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas.

Feature China | Future Publishing | Getty Images

BEIJING — In a sign Chinese drivers are still willing to buy electric, start-up Xpeng said that demand for its cars has shaken off the impact of price hikes.

From Nio to Tesla, electric car companies in China have raised prices in the last few months, citing the impact of rising commodities costs such as those for battery components.

After hiking prices by a few thousand U.S. dollars in March, Xpeng has seen a recovery in demand in regions not affected by the latest Covid lockdowns in China, Brian Gu, vice chairman and president, said…



Source cnbc.com

0 0 votes
Article Rating

Try these gas-saving tips before hitting the road this Memorial Day weekend

Previous article

Mortgage demand slides further, even as interest rates pull back slightly

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos