Tesla raises price of Model 3, Model Y electric vehicles as surge in nickel cost makes batteries more expensive

Source: Tech – South China Morning PostTesla raised the price of its Model 3 and Model Y electric vehicles (EVs) in China and the US, passing on the higher cost of lithium-ion batteries as nickel prices soar in global markets.The US carmaker announced on Thursday that the Shanghai-made Performance edition of its Model 3 would be priced at 349,900 yuan (US$55,359), an increase of 10,000 yuan.The price of the Model 3 basic edition remains unchanged.Its Model Y long-range and Performance versions both saw a price increase of 10,000…Read More

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