China automaker BYD says raises prices for some EV models

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BYD, in a statement published on its official Weibo (NASDAQ:WB) account, said the national subsidy for some electric and hydro power vehicles will end on Dec. 31, 2022. And the raw material price for batteries has also jumped since the second half of this year, it said.

($1 = 7.1465 Chinese yuan renminbi)