BYD officially announced that prices will increase next year.

On November 23, BYD released a statement regarding price adjustments due to two factors: the cancellation of subsidy policies in 2023 and a significant increase in the prices of main raw materials for batteries in the second half of this year.

BYD will adjust the official guidance prices of the Wangchao, Ocean, and Tang EV models, with increases ranging from ¥2,000 to ¥6,000. Notices of specific price adjustments for each vehicle model will be released separately.

Fortunately, customers who paid a deposit before January 1, 2023 will not be affected by this price adjustment.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email