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A number of Japanese car companies announced price increases, vehicle order suspension

Andrew 09/04/2022 2 min read

Just on the 1st of this month, Nissan announced that it would raise the price of its flagship pure electric vehicle, the Leaf. The current price of Nissan Leaf in Japan is about RMB 180,000, and this price will continue to be maintained until the 22nd of this month. However, the order will be suspended from the 23rd, and the increased price will be announced after the restart of sales.

There are three main reasons for the price increase of the Nissan Leaf.first, Affected by the situation in Russia and Ukraine, as the main raw material for vehicle batteries——The price of lithium rose to six times that of last year, and the price of nickel also more than doubled last year.

Second,Prices of raw materials such as steel and aluminum commonly used in automobiles also rose sharply.

Third, the cost of logistics is also skyrocketing.

Not only Nissan, but many Japanese companies such as Subaru, Mitsubishi and Mazda have also raised prices for some models in the near future.The increase is around 2% to 3%.Subaru’s chief financial officer has also been blunt recently, saying,The price increase of new cars is to offset the skyrocketing cost of raw materials.

In addition, according to Japanese media reports, Toyota Motor has recently reached an agreement with Nippon Steel, a supplier of automotive steel, that the purchase price of each ton of steel will increase by about RMB 2,000, an increase of 20 to 30% over half a year ago.The increase also hit a 12-year high.

In the US market,The price of Toyota’s main models has been raised by more than 2,500 yuan, but in Japan, Toyota has not passed on the cost by raising prices.

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