Shenghong Co. will raise prices across its electric power-quality,
charging/swapping, energy-storage microgrid, battery formation and test, and
residential storage product lines by 10%-30% effective July 21, 2026; the
increase will not be applied retroactively to orders already in transit. The
company says the move is a forced pass-through after core raw-material costs and
lead times rose sharply: gold, silver, copper and tin up 30%-200%; PCBs, memory
chips, magnetic components, SMD resistors/capacitors, IGBT chips, isolation
driver chips, and breakers/relays up 50%-800% and still rising. Manufacturing
costs have climbed markedly since early 2026; Shenghong says supply-chain
optimization and lean measures have been insufficient and the existing price
structure no longer covers cost increases.
