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EV prices in China increase due to inflation and chip crunch

Staff reporter, Taipei; Yusin Hu, DIGITIMES Asia 0

Credit: AFP

Chinese carmaker XPeng is reportedly raising prices of its electric vehicles (EV) by CNY10,000-20,000 (US$1,500-3,200) due to inflation in material prices and persisting shortages of semiconductors, according to industry sources.

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