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BYD Increases Price of EVs, Hybrids on Input Costs, Subsidy End

A BYD Co. showroom in Shanghai.

A BYD Co. showroom in Shanghai.

Photographer: Qilai Shen/Bloomberg

Chinese electric vehicle giant BYD Co. is raising the price of some cars, blaming changes in government subsidies and volatile raw material costs.

The Warren Buffett-backed maker of electric vehicles, the batteries that power them and semiconductor chips, will raise prices by between 2,000 yuan to 6,000 yuan ($280 to $840), depending on the model, it said on its official Weibo account on Wednesday.