U.S. electric vehicle maker Tesla Inc. will raise prices in China on Friday, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect, Reuters quoted sources familiar with the matter as saying yesterday.

Reuters reported earlier this month that Tesla was considering to lift prices in China from September after the yuan weakened against the U.S. dollar. Sources said yesterday that it’s a reason why the automaker was bringing forward these plans to Friday.

Sources said the automaker is now also mulling another price hike in December after China’s commerce ministry last week announced it would reinstitute tariffs of 25 percent on vehicles and 5 percent on auto parts which it suspended in December, in the latest escalation of the trade war.

“Tesla will also try to ship more cars to China before December, before the tariff hikes,” said one of the sources.

(SD-Agencies)