Nio said on Monday that it has no plans to increase the prices of any of its electric vehicle models “in the near term” as it hopes to maintain price stability “for the benefit of customers,” Chinese media outlet Sina Tech reported (our translation). However, the EV maker added that it will remain nimble and flexible when making pricing decisions, given the dynamic changes in EV’s raw materials and chip supply. Multiple automakers, including Tesla and BYD, raised their prices last week to offset the increasing costs of raw materials. [Sina Tech, in Chinese]
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