Inside the Xinwangda Electric Vehicle Battery’s lithiium-pack factory in Nanjing in eastern Jiangsu province. Photo: AFP
Inside the Xinwangda Electric Vehicle Battery’s lithiium-pack factory in Nanjing in eastern Jiangsu province. Photo: AFP

Ukraine war: Tesla and Chinese rivals raise EV prices as surging nickel, lithium seep into battery costs

  • Higher prices could hurt sales growth, with budget-conscious consumers shying away from expensive cars, North China University of Technology researcher says
  • Tesla raised the price of the Model Y’s basic edition on Thursday, after raising the prices of two versions of the Model 3 and the long-range Model Y last week

Inside the Xinwangda Electric Vehicle Battery’s lithiium-pack factory in Nanjing in eastern Jiangsu province. Photo: AFP
Inside the Xinwangda Electric Vehicle Battery’s lithiium-pack factory in Nanjing in eastern Jiangsu province. Photo: AFP
READ FULL ARTICLE