U.S. electric vehicle
maker Tesla Inc will raise prices in China on Friday, earlier than
planned, and is considering increasing prices again in December should Chinese
tariffs on U.S.-made cars take effect, people familiar with the matter said.
The people declined to be identified as the
plan has not been made public.
A Tesla representative did not immediately
respond to Reuters’ request for comment on Monday.
The company is among many impacted by Sino-U.S. trade
friction. It currently imports all the cars it sells in China and has had to
adjust prices multiple times over the past year due to tariff changes.
Reuters reported this month that Tesla was
considering to lift prices in China from September after the yuan weakened
significantly against the U.S. dollar. One person told Reuters on Monday that
the automaker was bringing forward these plans to Aug. 30.
Both people said the automaker is now also
mulling another price hike in December after China’s commerce ministry last
week announced it would reinstitute tariffs of 25% on vehicles and 5% on auto
parts which it suspended in December, in the latest tit-for-tat escalation of
the trade war.
“Tesla will also try to ship more cars to
China before December, before the tariff hikes,” said one of the people.
- Reuters
No comments:
Post a Comment