Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Asset Allocation
Data update
Development News
Equity markets
Exploration News
News & Views
The Drill Bit
The Future
Trade & Demand


Consumer battery price hikes in China

Posted on - 11 Oct 2022

Category - News & Views

News abounds of significant battery prices increases for consumer battery suppliers in China. Ganfeng Lithium (HKG:1772) subsidiary Xinyu Ganfeng Electronics, which makes small polymer lithium batteries for wearables, cited a “huge increase” in raw material prices in a letter to its customers. It cited lithium carbonate, graphite and anode materials as key reasons for the price increases. Clients of XGE include manufacturers like Xiaomi Corp and Oppo. The news came as German consumer battery manufacturer Varta (ETR:VAR1) withdrew guidance for FY22 due to rising raw material and energy prices. Varta is also highly exposed to the previously lucrative wearables market.

Login to read full article


Battery Materials Consumer Products Ganfeng Lithium Varta Wearables