1. From “No One Dared to Raise Prices First” to 7 Companies Adjusting Prices Together: The Energy Storage Industry’s Price Increase Wave Took Only 18 Days
2. Has the Energy Storage Price War Ended? Collective Price Increases in the First Half of 2026 Signal a Turning Point
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The energy storage industry has officially entered a new pricing cycle! In 2026, the entire industrial chain has experienced collective price increases, while leading companies have seen net profits surge by as much as 3,276%. Driven by policy breakthroughs and explosive demand growth, the industry is shifting from “competing on price” to “competing on value.” Energy storage is entering a new stage of value reassessment.
Over the past few years, the main theme of the energy storage industry has been “price reductions” — until the first half of 2026, when the situation suddenly reversed. From battery cells to PCS, from lithium iron phosphate materials to EPC turnkey projects, the entire industry chain has launched a wave of price increases. Even leading companies could no longer remain unaffected.
3. From “Hidden Price Increases” to “Public Price Adjustments”: Prices Across the Entire Industry Chain Are Recovering
The trigger for this round of price increases was the public price adjustment announcements from two leading companies.
On July 10, Shenghong Co., Ltd. announced that starting from July 21, all product lines would increase prices by 10%-30%. Shanghai Securities News contacted the company and confirmed that the price adjustment notice was authentic.
Immediately afterward, Hunan Yuneng, a leading lithium iron phosphate producer, announced on July 15 that starting from August 1, all lithium iron phosphate products would increase by RMB 2,000 per ton. The company explained that the price of iron phosphate had risen from approximately RMB 10,000 per ton at the beginning of the year to RMB 15,000 per ton, representing an increase of more than 50%.
Price increases are not an isolated phenomenon.
At the beginning of this year, inverter companies including Sungrow, Ginlong Technologies, GoodWe, and Sineng Electric had already completed a round of internal price adjustments, with dedicated energy storage models increasing by 6%-10%.
In early July, four leading charging module companies, including UUGreenPower and Tonghe Technology, jointly raised prices by 15%.
Tender data also confirms the recovery in prices.
According to industry statistics, in June 2026, the average winning bid price for 2-hour lithium iron phosphate energy storage systems increased by 4.8% year-on-year. The average winning bid price for 4-hour long-duration energy storage systems increased by as much as 14.8% year-on-year.
Based on 1,521 valid quotations, Xunshang Research Institute found that prices of various containerized energy storage systems in the first half of 2026 increased by more than 10% compared with the full year of 2025.
4. Policy Breakthroughs Combined with Explosive Demand Growth Provide Strong Support for Price Increases
This round of price increases is not simply speculation, but is driven by both supply-demand dynamics and policy support.
Demand Side: Explosive Market Growth
According to data from the CESA Energy Storage Application Branch, the total scale of newly implemented energy storage procurement projects in China during the first half of 2026 reached 135.79GW/383.43GWh, with capacity increasing approximately 121.8% year-on-year.
Chinese energy storage companies have also achieved strong growth in overseas markets, with overseas contracted capacity exceeding 288GWh in the first half of the year.
Policy Side: A Major Positive Signal
On January 30, 2026, the National Development and Reform Commission and the National Energy Administration jointly issued the “Notice on Improving the Capacity Electricity Price Mechanism for Power Generation-Side Projects” (NDRC Price Regulation [2026] No.114).
For the first time at the national level, the policy clearly stated that independent new energy storage projects on the grid side would receive capacity electricity price compensation.
This means energy storage is transitioning from a “mandatory supporting tool” into an adjustable power resource that can receive compensation based on peak regulation capabilities. The profitability model of the industry has been fundamentally reshaped.
Zeng Yuqun stated at the 2025 World Energy Storage Conference that energy storage system prices had fallen by approximately 80% over the past three years, and that destructive low-price competition was unsustainable.
Today, the return of prices represents a self-correction process within the industry.
5. Leading Companies Benefit Most While Small and Medium-Sized Manufacturers Struggle, Intensifying Industry Differentiation
The benefits of price increases are not evenly distributed across the industry.
According to the 2026 semi-annual performance forecasts, leading companies have experienced significant profit recovery:
Tianqi Lithium expects a net profit of RMB 2.85 billion to RMB 4.25 billion, representing a year-on-year increase of 3,276%-4,935%.
Gotion High-tech expects a net profit of RMB 1.2 billion to RMB 1.55 billion, representing a year-on-year growth of 227%-323%.
EVE Energy expects a net profit of RMB 3.13 billion to RMB 3.371 billion, representing a year-on-year increase of 95%-110%.
In contrast, small and medium-sized battery cell manufacturers are facing greater challenges.
They lack advantages in large-scale production and upstream price-locking capabilities, making it difficult to effectively transfer cost pressures downstream.
At the same time, the industry is rapidly transitioning toward 500Ah+ ultra-large capacity battery cells. Smaller companies are struggling to keep up with R&D investment and production line upgrades, causing their market share to continue shrinking.
Some manufacturers with excessive inventory can only use this price increase opportunity to clear stock at lower prices and recover cash flow. Industry restructuring has entered a deeper stage.
The era when the energy storage industry relied on continuous price reductions to drive sales volume is coming to an end in 2026.
As demand growth significantly exceeds supply flexibility, and leading companies establish new competitive standards based on “technological innovation + supply chain security + global expansion,” the energy storage industry is officially shifting from “price competition” to “value competition.”
For the industry, this marks the true beginning of moving away from excessive competition and entering a more mature development stage.
6. From 2% to 25%! Six Energy Storage Companies Including EVE Energy Raise Prices Collectively
https://baijiahao.baidu.com/s?id=1872112132933664857&wfr=spider&for=pc
The energy storage industry is entering a new wave of price increases!
EVE Energy has added a 2% consumption tax surcharge, while companies including EVE Energy, East, Green Energy Power, and others have raised prices across their product lines by 10%-25%.
Rising raw material costs and policy adjustments have become the main drivers behind the price increases.
Recently, affected by multiple factors including rising prices of bulk commodities, core components, and national consumption tax policy adjustments, many energy storage-related companies have issued price adjustment notices.
In addition to Shenghong Co., Ltd., which previously announced a 10%-30% increase across all product lines (click here), several other companies including EVE Energy (300014), East (300376), Infypower, Green Energy Power, Runchengda, and Lingchong New Energy have also announced product price increases.
Overall, this round of price adjustments mainly has the following characteristics:
01. The main drivers behind this round of price increases fall into two categories:
First, the prices of raw materials and core components have surged.
Copper, aluminum, silver, tin, as well as PCB, semiconductors, and magnetic components have increased by 30%-500%.
Many companies stated that raw material costs have exceeded their internal absorption capacity. Without price adjustments, they would face losses or be forced to reduce quality control standards.
Second, consumption tax policy adjustments have taken effect.
For example, EVE Energy will add a 2% consumption tax surcharge starting from September 2026 to offset the additional tax burden.
02. In terms of price increase levels:
Most companies have adjusted prices within the range of 10%-25%.
Among them, East, Green Energy Power, Runchengda, and Lingchong New Energy have increased prices for their entire product lines or charging pile and energy storage products by 10%-25%.
Infypower stated that prices of all product lines will be adjusted according to actual changes in raw material costs, without setting a unified adjustment percentage.
03. In terms of company types:
Most companies announcing price increases are PCS manufacturers and charging infrastructure companies.
East and Infypower are power electronics technology companies.
Green Energy Power, Runchengda, and Lingchong New Energy mainly focus on charging piles and solar-storage-charging solutions.
EVE Energy, as a battery manufacturer, adjusted prices mainly due to consumption tax policy changes.
▍EVE Energy: Adding 2% Consumption Tax Cost on Existing Prices
On July 24, EVE Energy (300014) issued the “Price Adjustment Notice Regarding Consumption Tax Cost Transmission for Lithium Primary Batteries and Lithium-ion Battery Products.”
The company stated that according to Announcement No.20 of 2026 issued by the Ministry of Finance, General Administration of Customs, and State Taxation Administration, China will gradually resume the collection of consumption tax on lithium primary batteries and lithium-ion batteries starting from September 1, 2026.
Since this policy represents a legally mandated tax adjustment, the company will adjust product prices accordingly and pass on the newly added consumption tax costs according to regulations.
I. Price Adjustment Rules
For domestic sales products:
Starting from September 1, 2026, a 2% consumption tax cost will be added on top of the original tax-exclusive supply price.
II. Implementation Details
All orders shipped on or after September 1, 2026 (including September 1) will be executed according to the adjusted prices.
Existing framework orders and designated supply agreements that have been signed but not yet delivered will also be subject to this price adjustment.
The company will actively cooperate with customers to complete the signing of supplementary agreements.
Infypower: Prices of All Product Lines Will Be Adjusted According to Changes in Raw Material Costs
On July 29, Infypower issued the “Statement on Product Price Adjustments.”
The company stated that currently, due to structural changes in the global supply chain, the prices of basic raw materials such as copper, aluminum, silver, and tin have continued to rise.
At the same time, the supply of key components including PCBs, power semiconductors, magnetic components, and memory chips has tightened, causing costs to increase significantly by 30%-500%.
Multiple factors combined have resulted in continuous increases in the comprehensive costs of the company’s products.
Since the beginning of this year, the company has continuously absorbed cost pressures internally and has made every effort to avoid passing upstream fluctuations onto downstream customers.
However, the intensity and scope of this round of raw material and component price increases have exceeded expectations. Internal cost reduction measures alone can no longer effectively offset the pressure.
To continue ensuring product quality and supply stability, after careful evaluation by company management, Infypower has decided to adjust prices across all product lines:
Starting immediately, prices of all product lines will be adjusted according to the actual changes in raw material costs for each product category.
Green Energy Power: Prices of All Charging Piles and Energy Storage Products Increased by 15%-25%
On July 21, Green Energy Power issued the “Announcement on Product Price Adjustments.”
The company announced that recently, domestic metal markets have experienced significant volatility.
Prices of basic raw materials such as gold, silver, and copper have continued to rise, while the procurement costs of key components including PCB boards, memory chips, magnetic components, SMD resistors and capacitors, circuit breakers, and relays have collectively increased by more than 50%, with the upward trend continuing.
Facing this severe challenge, the company immediately launched an emergency response mechanism.
Through multiple measures including optimizing supply chain structures, strengthening centralized procurement bargaining capabilities, reducing unnecessary administrative expenses, and improving production efficiency, the company made every effort to absorb cost pressures and maintain stable product prices.
However, current raw material prices have far exceeded the company’s cost tolerance threshold.
If current prices continue to be maintained, it would not only cause the company to suffer losses but could also force reductions in quality control standards and cuts in R&D investment, ultimately affecting product safety performance and long-term supply stability.
This would conflict with the company’s core value of “building an enterprise through quality.”
After careful consideration by company management, in order to ensure continuous improvement of product quality and guarantee supply chain delivery efficiency, the company has made the difficult decision:
Starting from July 28, 2026, prices of all charging pile products and energy storage products will be adjusted.
The price increase range will be 15%-25%.
Orders that have already been signed will not be affected by this price adjustment.
Specific product prices will be subject to quotations provided by the company’s sales representatives.
Runchengda: Prices of All Charging Pile and Solar-Storage-Charging Products Increased by 10%-25%
On July 23, Runchengda issued the “Notice Regarding Product Price Adjustments.”
The company stated that recently, global supply chain fluctuations have intensified.
Prices of key raw materials including electronic components, PCB boards, contactors, relays, circuit breakers, and copper cables have increased significantly.
The company has already reduced costs through centralized procurement, production process optimization, and other measures.
However, current pricing can no longer cover comprehensive production and operational expenses.
Operational pressure has continued to increase.
In order to maintain product quality standards, ensure delivery efficiency, and protect after-sales service capabilities, while avoiding risks such as quality degradation and delivery delays caused by excessive cost compression, and to maintain long-term cooperation between both parties, the company has conducted a comprehensive evaluation and made a careful decision regarding product price adjustments.
Price Adjustment Effective Date:
August 1, 2026
Scope of Adjustment:
All charging pile product lines and solar-storage-charging products
Price Increase Range:
10%-25%
Runchengda also stated that:
Orders that had completed official approval and confirmation before the price adjustment will continue to be fulfilled according to the original contract prices.
Newly signed orders and newly issued orders after August 1, 2026, will uniformly adopt the latest adjusted quotations.
