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On May 15, reports surfaced indicating that a slew of domestic automakers have been hiking their prices recently. It was highlighted that Tesla has adjusted the prices of its Model Y series since May 1, with the long-range variant seeing an increase of 18,000 yuan and the high-performance version going up by 20,000 yuan. In response to the swirling rumors of a price surge, Tesla China clarified that there has been no price increase for the Model Y within the domestic market. They advised customers to refer to the official website for the most up-to-date prices and policies. In related news, there have been reports suggesting that NIO is planning to raise its prices in the second quarter. However, insiders at NIO have refuted these claims, stating that the company currently has no intentions of increasing prices.
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