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Chinese electric car manufacturer BYD Co has increased its prices between 2,000 yuan ($290) and 6,000 yuan for its various models starting in 2023 due to the reduced subsidies for new energy vehicles since November.
BYD sold a record number of EVs in December, rising from 4 percent from November to 235,197 units last month to consolidate its position as the world’s largest seller of automobiles that run on non-fossil fuels.
The Shenzhen-based carmaker more than tripled its 2022 sales to 1.86 million units, most of them in China.
