Industry News

Chinese Voice: Battery price rises in rocket!!! Know the reason and minimize the battery price increase

2021-03-14

After 2021 CNY holiday ,all the battery manufacturers are rocked that all the battery materials increased ."Small increase in 2 days,Big increase in 5 days".Don't be angry that your suppliers request for price increase.Lithium battery materials price increase even in rocket.Majority of battery buyers should already have received the price increase notification.If not yet,then it should be on the way to you.

Price increase

Why the lithium battery price increase in rocket?

What lithium battery price percentage is reasonable?

How can you negotiate to minimize the battery price increase?


1.Why the lithium battery price increase in the rocket?


Within 3 months,cobalt increased by 80%,NCM increased by 70%,copper materials increased by 40%,PCB price increase above 20%,electrolyte increase by 20%,even the package materials paper increased 20%.Isn't the Chinese market crazy? Why the battery price didn't increase?

2.What lithium battery price percentage is reasonable?


This is the most typical question in the market.Don't be scared that all the price increased in such rocket!Let's review the materials composition as below:



3.How can you negotiate to minimize the battery price increase?

For all the professional battery buyers,it is the most headache thing that the battery suppliers increase battery price frequently,which makes you frustrated in the face of boss and even lose your job for the product cost increase.Here's some tips you must should learn!!!


Tip 1: Focus on the materials stock.All the materials price is fluctating and can't keep increasing constantly.When the materieals price is down,it's the time to negotiate with your battery supplier to down the battery price.For details,you can refer to the link https://www.lme.com/Metals (London Metal Exchange website).At least,if your battery supplier ask price increase when the materails price is stable,you have the best reason to beat them down.


Tip 2:Send your enquiry to your battery backup supplier and make comparision of the price increase! We know that all of you are smart buyer and are skilled in this trick!


Tip 3: Place more order q'ty in one time together to negotiate with your battery supplier to down the price.You know that big order are always attractive for sales and boss.There is no reason to reject you.


All in all,hope this article help you in the utmost.Anyway,for my hard work,appreicate that you can forward my article in linkedin and contact me for more battery enquiry!