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YADEA (01585.HK) Raises Prices by Over RMB300 Across All Product Categories Starting Today
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According to domestic media, confirmed by dealers of YADEA (01585.HK), the company has decided to uniformly adjust the ex-factory prices of all product categories starting today (1st), with an increase of over RMB300 per unit. The detailed price adjustment for specific models will be based on the company's officially issued 'Product Price Execution Table'. In the relevant price adjustment notice, YADEA stated that the prices of major raw materials have continued to rise significantly, with increases of over 40% for metals such as aluminum, copper, and iron, and over 80% for chemical raw materials like plastic particles. Facing unprecedented cost pressures, the company has adhered to a 'customer-first' business philosophy, actively bearing the operational burden in 1QYY, fully absorbing the factors of rising costs without adjusting product prices. As the high-level trend of raw material prices continues, coupled with rising comprehensive costs such as logistics and energy, the company's production and operations are facing severe challenges. YADEA pointed out that to effectively ensure stable product quality, maintain service standards, and ensure a reliable supply system, the company has decided to adjust product prices after thorough research. (ta/j) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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