China's ev maker Xpeng will raise prices from March 21
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FILE PHOTO: An Xpeng P5 electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song
BEIJING (Reuters) - Chinese Energy Vehicle Maker Xpeng Inc said on Friday it will raise its prices for on-sale vehicles before subsidy from March 21 due to the rising costs of raw materials.
Xpeng will raise its prices by between 10,100 yuan ($1,590) and 20,000 yuan, the company said in its official Wechat account.
($1 = 6.3626 Chinese yuan renminbi)
(Reporting by Beijing Newsroom; Editing by Hugh Lawson)
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