Tesla and BYD raise prices for electric vehicles due to rising metal costs

US Tesla, China's BYD and other electric vehicle makers are forced to increase their prices as the cost of battery materials such as nickel and lithium rises. it is reported by Nikkei Asia.

They buy the necessary metal for car batteries at a price of more than $30,000 per ton.

On March 23 and 24, the price of nickel continued to rise despite the measures taken to stabilize the market in early March. The price of nickel on the London Metal Exchange (LME) jumped 15% on March 24 to $37,234.5 per ton.

Follow the news of the companies in the TELEGRAM channel "Catalog of RBC Investments"