March 16, 2023: GS Yuasa is to raise prices for lead and lithium ion batteries and other products sold in Japan by at least 10% from April 1 because of increased raw material costs, the company announced on March 8.
Yuasa said the cost of materials including iron, steel, plastics and non-ferrous metals such as copper have continued to increase steeply over the past two years.
In addition, the cost of electricity and gas used in production processes had also risen, while “global instability” had caused steep increases in the cost of materials such as electronic components.
The hike in manufacturers’ selling prices, which applies only to the Japanese market, will be 10% or more and affect products including AC UPS systems, storage battery cabinets, storage battery racks, industrial lead batteries and industrial lithium ion batteries.