Another +2, Chery and Jihu announced follow-up price increases: prices of batteries, chips, etc. have risen sharply

The price hike of new energy vehicles continues.

On the evening of April 6th, Jihu Automobile announced on the official WeChat public account platform that it was affected by factors such as the increase in upstream raw material prices and the decline of national subsidies. From May 1, 2022, certain price adjustments will be made to all models of the Jihu brand, and the specific adjustment plan will be announced before April 30, 2022. Chery New Energy also launched an official event on the evening of the 6th. The WeChat public account platform issued a price increase announcement, saying that due to the continuous sharp rise in the prices of raw materials such as batteries and chips, the cost of some models sold by Chery New Energy will continue to increase, and the prices of some models will be increased by 2,900 yuan to 5,000 yuan. The price adjustment will take effect from 00:00 on April 7. 6 cars in one week Enterprise officials announce price increases

In the week including the Qingming Festival, as many as 6 new energy vehicle companies have announced price increases.

On April 2, Jikr Automobile announced that it will increase the price from May 1, and the specific price increase plan will be announced before April 30. Ji Krypton said, “Influenced by factors such as the continuous rise in upstream raw material prices, the price increase of new energy vehicles has become a common phenomenon in the industry. Ji Krypton has also received inquiries from users about rights and price adjustments. After fully considering the interests of users, we decided to : From March to April 2022, the limited-time car purchase rights will remain unchanged, and the price of JiKr 001 will not be adjusted in April; from 0:00 on May 1, 2022, the price of JiKr 001 will be increased, and the rights and price adjustment plan will be released in April 2022. It will be announced before March 30.”

On March 31 alone, 3 car companies issued price increase notices.

SAIC Roewe announced that due to the continuous sharp rise in raw material prices, SAIC Roewe will adjust the official price guide for some of its Roewe i6MAXEV and Roewe Ei5 models. The rate of increase is 3,000-5,000 yuan. The price adjustment will take effect from 0:00 on May 1.

Dongfeng Lantu said that due to the shortage of chips and the sharp increase in the price of upstream raw materials, it has decided to increase the price of Lantu’s FREE pure electric model by 10,000 yuan from May 1. The price of the program model will not be adjusted for the time being.

Changan New Energy also issued a statement on the price adjustment of models, saying that due to factors such as rising upstream raw material prices, it will not adjust the price of its models Benben E-Star National Edition colorful models. The price is adjusted, and the official guide price of this model will be increased by 4,000 yuan from April 1.

Under the pressure of multiple factors such as lack of cores, rising raw material prices, and declining national subsidies, most of the more mainstream new energy vehicle companies have released There are many price increase notices, such as Tesla, Xiaopeng, SAIC Roewe, etc. who have made multiple rounds of price increases. According to news statistics, in March alone, there have included Great Wall Euler, SAIC Roewe, GAC Aian, Tesla, Wuling, BYD, Chery New Energy, Xiaopeng, Nezha, Geely Geometry, Leapmotor, Weimar, Weimar Nearly 20 car companies, including Lai, Ideal, Skyworth, Aiways, Dongfeng Lantu, and Changan New Energy, officially announced price increases.

Behind the price increase is still the soaring raw material prices and lack of cores

The main reason for this round of new energy vehicle price hikes is still the soaring raw material prices and the Missing core. In the price increase announcements of the aforementioned car companies, the driving factors such as the shortage of chips and the increase in the price of upstream raw materials were mentioned without exception.

On March 19, Li Xiang, CEO of Ideal Motors, posted on Weibo that the current round of new energy vehicle price hikes was mainly due to “the increase in battery costs is outrageous.” He said, “At present, the brands that have contracted with battery manufacturers to determine the price increase of batteries in the second quarter have basically announced price increases immediately. Most of the price increases have not been negotiated yet. Yes, the price will generally increase immediately after the negotiation. The rate of increase in the cost of batteries in the second quarter is very outrageous. War, politics, and the epidemic have made buying a car even more valuable, and the price of used cars in the United States has risen by 30% as a whole.”
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On March 26, when announcing the price increase for the remodeled models, NIO also expressed the pressure brought about by rising costs, “Recently, electric vehicle companies have raised prices, the reason is The dramatic increase in the price of international raw materials, mainly batteries, coupled with the shortage of chip supply, the cost of the entire supply chain has increased significantly.” At the 8th China Electric Vehicle 100 Forum, the smallHe Xiaopeng, CEO of Peng Motors, bluntly said in an interview that the tight supply of power batteries will still be a big challenge for Chinese car companies this year. Judging from the current communication between Xiaopeng Motors and suppliers, the proportion of power battery price increases is “exceeding expectations”.

He Xiaopeng predicts that the tight supply of batteries may only ease in the second and third quarters of next year. At the same time, he also said that he expects that in the third quarter of this year, raw materials can stop rising, and may even achieve a steady decline.

Cui Dongshu, secretary-general of the China Passenger Transport Association, recently published a document saying that since the beginning of this year, the rate of increase in the price of power batteries due to the increase in raw material prices has greatly exceeded the industry’s expectations. Some battery companies have changed the rules of price negotiation. The price is negotiated every quarter, and there is a price opening. Therefore, some car companies are under great pressure and can only ease the cost pressure by raising prices. At the same time, he said that rising prices for new energy vehicles may dampen market demand to a certain extent.

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