BYD Increases Price of EVs, Hybrids on Input Costs, Subsidy End

Chinese electric vehicle giant BYD Co. is raising the price of some cars, blaming changes in government subsidies and volatile raw material costs.

The Warren Buffett-backed maker of electric vehicles, the batteries that power them and semiconductor chips, will raise prices by between 2,000 yuan to 6,000 yuan ($280 to $840), depending on the model, it said on its official Weibo account on Wednesday.