Price Change

Considering that many other automakers are also raising prices, the team does not expect any structural impact on future demand.

Xpeng has announced that it will increase the pre-subsidized price of its current models by RMB 10,100 to RMB 20,000 ($3,140) due to continued significant increases in raw material prices.

Neta, which sells most of its models for less than RMB 100,000, has raised the prices of its available models by RMB 3,000-5,000.

Xpeng scaled back its 3,000 kWh per year free charging entitlements to 1,000 kWh on August 1 of last year, and now they're getting scrapped altogether.

The price range for these budget models is RMB 29,900 - RMB 81,900, and the increase is close to 10 percent for several models.

Xpeng's entire model lineup will see price hikes starting March 21, with the P7 going up by RMB 20,000 ($3,152) and the P5 and G3i both going up by RMB 10,000, local media said.

The entry-level Model Y, which was left out of the price hike two days ago, is now seeing a price increase as well.

After raising the prices of several models in China just last week, Tesla is doing so again today, and with an even bigger price increase.

Tesla extended delivery dates for some of its models in China last week, and the recent spike in nickel prices has put all EV makers at risk of increased costs.

The prices of two versions of WM Motor's EX5-Z PRO have been raised by RMB 3,000 and RMB 4,000 respectively.