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Tesla, BYD raise electric car prices on nickel turmoil

Essential metal in car batteries at over $30,000 per ton after invasion

Tesla has raised electric car prices in the U.S. and elsewhere.   © Reuters
MISA HAMA, SHOKO HIRUTA, TAKASHI KAWAKAMI, Nikkei staff writers | China

TOKYO/GUANGZHOU -- Russia's invasion of Ukraine has driven up the prices of battery materials, such as nickel and lithium, forcing Tesla and other electric vehicle makers to raise prices.

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