<div id="readability-page-1"><blockquote><ul><li>Changan Nevo raised the official guide price of its LiDAR-equipped Q07 SUV due to soaring automotive-grade chip costs.</li><li>The decision follows a similar recent price hike by BYD, highlighting the impact of component cost fluctuations on the EV industry.</li></ul></blockquote><figure id="attachment_140117"><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/04/2026043006544977.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/04/2026043006544977.jpg"/><figcaption id="caption-attachment-140117">(A Nevo Q07 on display at the Shanghai Auto Show in April 2025. Image credit: CnEVPost)</figcaption></figure><p>Changan Automobile's sub-brand Nevo has raised prices for certain trims of an electric vehicle (EV) model, reflecting how rising chip costs are beginning to pass through to retail product prices.</p><p>The brand increased the price of the LiDAR versions of its Q07 SUV (sport utility vehicle) by 3,000 yuan ($440) due to a significant surge in global automotive-grade chip costs, according to a statement released on Thursday.</p><p>The new pricing policy will apply to LiDAR versions of the Q07 produced from May 7 onward. Vehicles manufactured before that date will not be affected by the price increase.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>The model, which includes LiDAR configurations, was launched in October 2025. It currently offers nine versions with starting prices ranging from 129,800 yuan to 176,800 yuan.</p><p>The starting prices for its three LiDAR-equipped versions are 156,800 yuan, 166,800 yuan, and 176,800 yuan, respectively.</p><p>The affected trims are equipped with the Tianshu smart driving assistance system, which supports features such as highway navigation pilot and customized parking.</p><p>In terms of hardware, they are equipped with one LiDAR and Horizon Robotics' J6M smart driving chip, capable of delivering 128 TOPS of computing power.</p><p>The pricing move highlights a broader industry trend facing Chinese new energy vehicle (NEV) makers. Recently, BYD also raised the optional upgrade price for its advanced driver assistance system by more than 20%.</p><p>BYD announced on April 28 that it was raising the optional fee for the LiDAR version of its God's Eye driving assistance system from 9,900 yuan to 12,000 yuan, citing a massive spike in storage hardware costs as the primary reason for the adjustment.</p><p>The price hikes by both automakers demonstrate the direct impact of supply chain hardware price volatility. Car manufacturers are grappling with hardware cost pressures as they attempt to popularize smart driving features for the mass market.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/03/2026031114222454-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/03/2026031114222454-768x432.jpg"/>                            </p>        </div>        <div>            <p>Nio sees EV costs rising on memory chip shortage and metal price rebound</p>            <p>Rising prices of memory chips and raw materials could lead to a cost increase of nearly 10,000 yuan ($1,460) for premium EV models, William Li said.</p>                    </div>    </div>    <p>($1 = 6.8393 yuan)</p>                                                                                </div>

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<p>Changan Nevo has increased the price of its LiDAR-equipped Q07 SUV by 3,000 yuan ($440) due to rising automotive-grade chip costs. This price adjustment reflects broader trends in the EV industry, as seen with BYD's recent price hike for its advanced driver assistance system. The new pricing applies to Q07 models produced from May 7 onward, with starting prices for LiDAR versions ranging from 156,800 to 176,800 yuan. Both companies are facing pressures from supply chain hardware price volatility, impacting the affordability of smart driving features.</p>

- Changan Nevo has raised the prices of its LiDAR-equipped Q07 SUV by 3,000 yuan due to rising automotive-grade chip costs, reflecting a trend in the EV industry.  
- This price increase affects vehicles produced from May 7, 2026, with prior models remaining unchanged and a starting price range for the Q07 SUV from 129,800 yuan to 176,800 yuan.  
- The move comes as BYD also raised prices for its advanced driver assistance systems, highlighting widespread challenges from supply chain hardware volatility facing new energy vehicle manufacturers.

Changan Nevo raises EV price as chip costs surge