With the rapid development of new energy and the global energy crisis, the price of lithium batteries has also risen rapidly. There are many reasons for the price increase of lithium batteries, which can be summarized as follows:
1. The price and cost of lithium battery raw materials have risen;
2. The state vigorously promotes the use of new energy, making lithium batteries in short supply.
3. The popularity of new energy vehicles has boosted the demand for lithium batteries.
4. The conflict between Russia and Ukraine has further increased the demand for new energy.
In order to meet the needs of the market and meet people's portable lifestyle. Lithium batteries are used in most products of Witsega. Such as portable humidifier, hand warmer, fan, etc.
On October 19, 2022, the company received a notice from the battery supplier that the price of lithium battery had risen. This will also lead to an increase in the prices of these products.