New energy vehicle makers scramble to hike prices due to surging material prices

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New energy vehicle makers scramble to hike prices in China, with at least eight carmakers raising prices within a week, due to surging prices of raw materials.

In the period of March 15 - 20, at least eight carmakers including Tesla Inc, BYD Auto, Chery New Energy, Xpeng Motors, Neta Auto, Leap Motor, WM Motor and Great Wall Motors' Ola brand announced price hikes in China, with some companies raising prices more than once, according to . . .

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