Rising Auto to start second round of price rise in 2022

Shanghai (Gasgoo)- Rising Auto, a SAIC Motor-owned brand focusing on mid-/high-end electric vehicles (EVs), announced last Friday a plan to raise prices of some models due to the factors like the hike in raw materials prices, the second-round price adjustment it has launched so far this year.

MARVEL R; photo credit: Rising Auto

According to Rising Auto's statement, the guidance prices of its two existing models, the MARVEL R and the ER6, will be lifted by 3,000 yuan ($470) to 10,000 yuan ($1,570). The price change will come into effect on May 1, 2022.

The automaker also noted the users who pay deposits through its designated payment channels, like the Rising Auto's mobile app and experience centers, before May 1 will not be affected by the upcoming price increase.

Amid the previous price adjustment released in February, the price range of the MARVEL R was changed to 219,800-261,800 yuan ($34,560-41,160) from 219,800-259,800 yuan ($34,560-40,850), while the prices of the ER6's entire lineup were lifted by 1,000 yuan ($160) to 156,800-201,800 yuan ($24,650-31,730).

Apart from Rising Auto, such Chinese indigenous NEV brands as NIO, ARCFOX, ZEEKR, and VOYAH also unveiled their price rise plans in April. Instead of implementing the scheme immediately, they all allowed a grace period for consumers.