The shortage of metal materials, chips, and labor force caused by the Covid-19 pandemic, as well as the depreciation of the U.S. dollar, have brought huge challenges to the entire world economy.
Affected by the "supply shortage" factor, the prices of raw materials such as copper, iron, aluminum, plastics and chips continue to rise; And due to the collective closure of large oil refineries around the world, almost all chemical raw materials have soared...The industries affected include furniture, household appliances, electronics, textiles and so on. This kind of price increase is the general industry trend. Now, not only factories in China, but factories all over the world have entered the price increase mode.
As a result of such challenging situation, Meritsun also has been affecting for the price and lead time of battery order, the continuously price increasing for raw materials especially for electrolyte, BMS components, IC chip, etc, which make the cost of a battery higher and cause the extension of order production time.
Picture source of the above data：https://tradingeconomics.com/
We have tried best to keep the cost stable for our customers to make sure the people all around the world can enjoy the premium Meritsun batteries with most favorable price. However, the recent crazy increasing of raw material cost is now too much for us to absorb, and we regrettably have no other option to inform that the price of battery will be adjust higher during end of April 2021.
Now no one can predict when this situation will become normal. However, Meritsun has 21 years of rich experience in innovative production and with high tech professional 100+R&D teams. We are always ready to provide more and better services to customers. At the same time, we advise that customers can place the Lithium battery orders as soon as possible to prepare in advance and secure demand of market and business.
Thank you for all understanding and cooperation. We highly appreciate the opportunity to serve you and will continue working tirelessly to provide you with Meritsun high-quality Lithium batteries to support your innovation and business growth.
By Jane Huang
MeriTech Power Limited
MeriTech is a professional LiFePo4 battery manufacturer since 1999, focus on alternative smart energy storage application. We produce Cells, house made BMS ,module and integrated system solutions. 20 years, we do only one thing, Energy Storage Batteries.We proud of excellency : 100+R&D teams, 1368 employees , 48 fully automatic productions lines ,150,000 square meters factory. MeritSun, The Best Power in the SUN.
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