IT Home News on March 2, WM Motor announced that due to the rise in parts prices and other factors, from March 1, the scheduling plan and model price of some models of WM will be gradually adjusted.
Specifically, the 2022 EX5-Z PRO all-round version is priced at 154,800 yuan, and the Lead Chuangling edition is priced at 163,800 yuan. The price increases of these two models are 3,000 yuan and 4,000 yuan respectively.
WM Motor also said that please pay attention to the follow-up announcement of the relevant price adjustment policies for other models.
IT Home learned that WM is not the first brand to announce the price increase of its models, and since 2022, many new energy vehicle companies have raised the market guidance price of their pure electric vehicles. The reason is that this year's financial subsidies for new energy vehicles will continue to decline by 30% on the basis of 2021, and the second is that the price of battery raw materials, including nickel, cobalt, lithium, etc., continues to rise.
Despite the impact of rising prices, domestic new energy vehicle sales continued the rapid growth momentum of 2021 in early 2022. According to data from the China Automobile Association, production and sales of new energy vehicles in January reached 452,000 units and 431,000 units, up 1.3 times and 1.4 times year-on-year, respectively.
Cui Dongshu, secretary general of the Association, said that the market price of new energy vehicles is not expected to rise sharply, and car companies can cope with cost increases by improving product technical indicators, increasing sales scale, reducing costs, and improving the structure of battery suppliers. "It is expected that in 2022, the sales volume of new energy passenger cars in mainland China will reach 5.5 million units, with a penetration rate of about 25%, and continue to achieve a high growth rate of about 70%."