BYD Follows Tesla in Hiking Prices on Rising Raw Materials Costs
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Chinese automaker BYD Co. is raising the prices of its new-energy vehicles for a second time in less than two months, citing surging raw material costs.
The Shenzhen-based car manufacturer that’s backed by Warren Buffett is increasing prices on its Dynasty and Ocean series of vehicles by 3,000 yuan ($472) to 6,000 yuan, the company said in a post on Weibo late Tuesday.