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BYD increases prices

Chinese car manufacturer BYD has once again raised prices. The Dynasty series models will cost ¥3,000 (€430) more, while prices for the Ocean series will increase by ¥6,000 (€860). The company cited the rising cost of raw materials as the reason, Bloomberg reported. Prices for important raw materials have recently risen significantly. This is especially true for nickel, an essential element for electric batteries. Since the war in Ukraine, the price of nickel has tripled.

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