China’s BYD raises automotive costs after subsidy cuts By Reuters

© Reuters. The BYD brand is pictured on the 2022 Paris Auto Present in Paris, France October 17, 2022. REUTERS/Stephane Mahe

SHANGHAI (Reuters) – China’s main electrical automotive maker BYD Co (OTC:) adjusted the costs of its merchandise from January 1, citing the influence of lowered subsidies for brand spanking new power autos since November final yr. ‘final yr.

Official information costs will improve between 2,000 yuan ($290) and 6,000 yuan for its varied fashions, the corporate stated on its official Weibo account (NASDAQ:).

($1 = 6.8972 yuan)