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.
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.