Last mentioned: Mar 24, 2026
Analyst Warnings
Automotive Foresight and HSBC warn that weak demand may force a reversal of these hikes.
Chery Implementation
The announced price increases for the Chery Exeed ET5 officially take effect in the retail market.
Xiaomi SU7 Increase
Xiaomi raises SU7 starting price by 4,000 yuan citing supply chain pressure.
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 Adjustment
Chery announces 5,000 yuan hike for ET5 and ends free smart driving packages.
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 Hike
FAW Bestune launches 2026 Yueyi 03 with price increases up to 5,000 yuan.
FAW Bestune Price Hike
Launch of the 2026 Bestune Yueyi 03 with price increases ranging from 2,000 to 5,000 yuan.
Lithium Price Floor
Battery-grade lithium carbonate hits a low of 75,000 yuan per tonne.
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.
Xiaomi, Chery, and FAW Bestune have announced price increases for key electric vehicle models, citing a 127% surge in lithium carbonate costs and a 90% jump in memory chip prices. While this marks a shift from the aggressive price wars of 2025, analysts warn that weakening domestic demand may force a reversal if consumer sentiment remains fragile.