Original title:BYDDid you get your hands on it? Battery price increase of no less than 20%. Execution on November 1 Source: Securities Times

A communication letter on the BYD battery price increase was posted on the market this morning. According to the letter, due to market changes and the impact of power restrictions and production restrictions, compared with December 2020, raw materials for lithium batteries continued to rise in 2021. The price of the cathode material LiCoO2 increased by more than 200%, the price of electrolyte increased by more than 150%, and the supply of anode materials and the like continued to be tight, leading to a significant increase in comprehensive costs. According to the actual situation of the increase in raw material prices, it was decided to raise the unit price of battery products such as CO8M after research. The specific battery price adjustment plan is as follows: 1. On the basis of the current unit price of Wh, the price of the product will be uniformly increased by no less than 20%. For specific models and prices, refer to the new quotation; 2. Starting November 1, 2021, all new orders will uniformly sign a new contract and implement the new price; 3. Starting November 1, 2021, all old contract orders that have not been completed will be uniformly shut down and cancelled by our system.