市场议论：特斯拉、小鹏汽车-W等在补贴结束前提价

08:57 PM EST, 01/17/2022 (MT Newswires) -- Tesla, XPeng (HKG:9868) and other electric vehicle makers have raised the prices of their cars in China after Beijing disclosed that it will end subsidies for new-energy vehicles (NEV) by the end of the year, Caixin Global reported Monday.

The incentives, which were introduced in 2009, were slashed by 10% in 2020 and by 20% in 2021, the report noted.

The Ministry of Finance recently disclosed that the subsidies will end on Dec. 31, 2022.

The China Passenger Car Association (CPCA) recently predicted that although Beijing started tapering subsidies for NEV purchases, sales of electric vehicles will see limited impact as there are still backlogs of pre-deliveries.

In 2021, China's NEV sales soared 169.1% year over year to 2.99 million units, according to CPCA data.

The NEV market is dominated by BYD (SHE:002594, HKG:1211), Tesla China, Tencent Holdings-backed (HKG:0700) Nio, XPeng, Guangzhou Automobile Group (SHA:601238, HKG:2238)'s GAC Aion, and SAIC-GM-Wuling, a joint venture among SAIC Motor (SHA:600104), General Motors and Wuling Motors Holdings (HKG:0305).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)