DMLRY - BMW Group also raises prices of several models in China due to rise in raw material prices

BMW Group (OTCPK:BMWYY) has increased the prices of some models sold in China as rising raw material prices builds pressure. The price of BMW 3 Series have been raised by RMB 1,600 - RMB 11,000 after restoring some of the previously missing features. For BMW X3, the automaker restored automatic parking assist, and driving recorder, and then increased the price by RMB 3,000. The company restored wireless charging for cell phones and Wi-Fi hotspot for BMW X4, with a price increase of RMB 4,000 and for BMW Z4 M40i sports performance model, it restored wireless charging and Wi-Fi hotspot for cell phones and raised the price by RMB 4,000. Earlier this month, Mercedes-Benz (OTCPK:DMLRY) has raised the price of its models ranging from RMB 3,000 to RMB 76,000, due to a significant increase in raw material prices and global supply chain shortages. Due to rise in raw material prices, the companies like

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BMW Group also raises prices of several models in China due to rise in raw material prices