Battery Industry View Update - 20260727

English summary

Today we saw leading battery manufacturer EVE has begun sending price adjustment letters to downstream, passing on consumption tax. From the contents of the letters, several clear points: 1. Domestic products will be subject to an additional 2% consumption tax based on original tax-exclusive supply price starting September 1 this year. The scope applies to all company orders, including signed but undelivered framework orders and designated supply agreements. 2. Export products are taxed at the factory stage, and after export customs declaration, tax refund will be applied for according to the national 'first levy, then refund' policy. This means the export portion is clearly unaffected by the consumption tax. 3. The market previously worried about poor transmission of consumption tax, or that battery manufacturers would bear the majority, affecting unit profit. From this price adjustment letter, current battery capacity is still relatively tight, battery companies have strong bargaining power, and aim for full transmission. ...