Last mentioned: Mar 24, 2026
Chery Implementation
The announced price increases for the Chery Exeed ET5 officially take effect in the retail market.
Xiaomi SU7 Adjustment
Xiaomi founder Lei Jun announces a 4,000 yuan increase for the SU7 standard version due to supply chain costs.
Chery Exeed Announcement
Exeed brand announces a 5,000 yuan hike for the ET5 and a new 5,000 yuan charge for smart driving features.
FAW Bestune Price Hike
Launch of the 2026 Bestune Yueyi 03 with price increases ranging from 2,000 to 5,000 yuan.
Valuation Warnings
Howard Morgan and other veteran VCs signal a peak in AI startup pricing.
Supply Chain Friction
Materials providers like Inox Air Products report lack of support for upstream infrastructure.
ISM 2.0 Expected
Anticipated rollout of expanded incentives for chemicals, gases, and R&D.
ISM 1.0 Launch
Indian government announces $10B incentive plan for fabs and display units.
Xiaomi, Chery, and FAW Bestune have implemented price increases for key EV models, citing a 127% surge in lithium carbonate and a 90% spike in memory chip costs. However, analysts warn that stagnant domestic demand may soon force a return to the aggressive discounting that defined the 2025 market.
Semiconductor ecosystem players are lobbying the Indian government for expanded financial incentives under ISM 2.0 to include critical materials and upstream suppliers. Meanwhile, veteran investor Howard Morgan warns that global AI startup valuations have become dangerously overheated.
India's semiconductor ecosystem is demanding broader financial incentives under the upcoming ISM 2.0 to support upstream materials and equipment suppliers. Simultaneously, veteran investor Howard Morgan warns that AI startup valuations have reached unsustainable levels, signaling a potential correction for high-burn foundation model companies.