Price Adjustment Warning Letter
Hello, first of all thank your company for your trust and support to the Zhengke brand! I also wish the two sides can continue to help each other, mutual benefit, common development, and create prosperity in the future!
1. Since 2021, the price of all non-ferrous metals including copper, aluminum alloy, zinc alloy, iron coil, and fingerprint resistant has increased by more than 28% over the same period in last year 2020, and the price of all accessories and auxiliary materials has also increased by more than 12%. The average increase was 20%.
2. All the upstream suppliers of our company have adjusted the prices of our supplies in January this year.
3. After the current assessment, the sales price must be adjusted to reduce the cost pressure, and hope to be able to bear it together.
4. In order not to affect your company's scheduled business, the price increase will start on May 1, 2021. Orders before then will be provided at the original supply price, and the average price of new orders will increase by 8% on the basis of the supply price.
We are deeply frustrated by the inconvenience this has caused you,
Hope to understand that our company will continue to improve our product quality, service quality and innovative products to give back!
Zhejiang Zhengke Electromotor Co., Ltd.
April 25th, 2021