Nio raises EV prices as costs climb · TechNode

Nio stated on April 10 that it’s going to increase the costs of its electrical sports activities utility automobiles in China ranging from Might 10. It grew to become the newest automaker to hike costs this 12 months as the price of uncooked supplies soared, and a brand new covid outbreak in China disrupted manufacturing. Costs of Nio’s total SUV lineup, together with the ES8, ES6, and EC6, have all risen by RMB 10,000 ($1,569), whereas these of its two new sedans, the ET7 and ET5, stay unchanged for now. Nio’s chief govt William Li commented on the corporate’s consumer app, saying that Nio struggles to bear the rising prices of supplies as a brand new omicron outbreak weighs on China’s auto sector. [Nio release, in Chinese]