Chinese electric vehicle manufacturer BYD has quietly raised prices on select models in the Philippines, Gulf News reported, citing strong demand as the primary driver.
The price adjustments, which were not publicly announced, have affected several popular models in BYD's Philippine lineup. Dealers have reportedly updated pricing without prior notice, reflecting the company's strategy to manage demand in a market where EV adoption is accelerating.
Industry observers note that BYD's move aligns with broader trends in the region, where EV demand has outpaced supply. The company remains one of the top EV sellers in the Philippines, and the price increase may signal further adjustments as competition intensifies among automakers.