The prices of raw materials are rising, Shenghong Company has increased the prices of all its products by 10%-30%.

Reporters have learned that the leading company in the field of electric power quality, Sheng Hong, has decided to increase prices of its full range of products, including electric power quality, charging and discharging equipment, energy storage micro-grids, battery formation and testing, household energy storage, etc., by 10%-30% starting from July 21, 2026. Prices of existing orders will not be adjusted retrospectively. Informed sources revealed to reporters that the company's core raw material prices have risen across the board, with significant delays in delivery times - prices of non-ferrous metals such as gold, silver, copper, and tin have increased by 30%-200%; prices of components such as PCBs, memory chips, magnetic devices, surface-mount resistors and capacitors, IGBT chips, isolation drive chips, circuit breakers/relays have risen even higher, by up to 50%-800%, and the upward trend shows no signs of stopping.