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Chinese EV Makers Raise Prices Amid Rising Supply Costs

3/24/2026

46 10 Full Breakdown

Summary

Story summary

Three Chinese EV makers raised prices for select models due to rising supply chain costs.
Xiaomi Corporation increased the SU7 price by 4,000 yuan on March 19, 2025.
Chery Automobile Co., Ltd.'s Exeed brand raised the ET5 price by 10,000 yuan, effective March 21, 2025.
FAW Bestune raised the Yueyi 03 price by 2,000 to 5,000 yuan.
Rising raw material costs, particularly lithium carbonate, drive these price changes.

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Story summary

Three Chinese EV makers raised prices for select models due to rising supply chain costs.
Xiaomi Corporation increased the SU7 price by 4,000 yuan on March 19, 2025.
Chery Automobile Co., Ltd.'s Exeed brand raised the ET5 price by 10,000 yuan, effective March 21, 2025.
FAW Bestune raised the Yueyi 03 price by 2,000 to 5,000 yuan.
Rising raw material costs, particularly lithium carbonate, drive these price changes.