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Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"attrs":568,"content":569},"doc",{"backgroundColor":49},[570,599,607,629,639,647,655,666,674,682,690,698,706,714,736,744,752,773],{"type":571,"attrs":572,"content":573},"paragraph",{"textAlign":49},[574,582,594],{"text":575,"type":576,"marks":577},"Across July and August 2026, the ","text",[578],{"type":579,"attrs":580},"textStyle",{"color":581},"#000000",{"text":583,"type":576,"marks":584},"EV charger industry",[585,592],{"type":586,"attrs":587},"link",{"href":588,"uuid":589,"anchor":49,"target":590,"linktype":591},"/article/infographic-comparing-ev-charging-networks-worldwide","d4873e1a-a71e-4dea-8f82-e099ff0f8879","_self","story",{"type":579,"attrs":593},{"color":581},{"text":595,"type":576,"marks":596}," experienced a rare wave of price hikes ranging from 10%–30%, driven by cost pressures passing down the supply chain.",[597],{"type":579,"attrs":598},{"color":581},{"type":571,"attrs":600,"content":601},{"textAlign":49},[602],{"text":603,"type":576,"marks":604},"“This price wave is a defensive move against soaring material costs, semiconductor shortages, and rising compliance expenses,” said Xinyi Lin, a senior EV charging analyst at Benchmark. “As raw material prices remain high, downstream charging network operators must prepare for higher equipment costs and squeezed margins in the near term.”",[605],{"type":579,"attrs":606},{"color":581},{"type":571,"attrs":608,"content":609},{"textAlign":49},[610,615,624],{"text":611,"type":576,"marks":612},"In 2025, over 4.4 million chargers were ",[613],{"type":579,"attrs":614},{"color":581},{"text":616,"type":576,"marks":617},"installed in China",[618,622],{"type":586,"attrs":619},{"href":620,"uuid":621,"anchor":49,"target":590,"linktype":591},"/article/the-fast-charging-competition-between-catl-and-byd","a1118b56-c6a4-429b-8aff-ec5895a872cb",{"type":579,"attrs":623},{"color":581},{"text":625,"type":576,"marks":626},", with 5 million units forecast to be installed this year according to Benchmark’s EV Charging Service.",[627],{"type":579,"attrs":628},{"color":581},{"type":630,"attrs":631,"content":633},"heading",{"level":632,"textAlign":49},2,[634],{"text":635,"type":576,"marks":636},"Module maker price rises lead charger price hikes",[637],{"type":579,"attrs":638},{"color":581},{"type":571,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":576,"marks":644},"Charging modules make up to 50% of a DC charger's cost, so shifts in module prices have a significant impact on the overall charger price.",[645],{"type":579,"attrs":646},{"color":581},{"type":571,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":576,"marks":652},"In early July, four leading suppliers, UU Green Power, TONHE, ENSD, and AcePower, raised prices on new orders by 15% almost simultaneously. Sinexcel soon announced a 10%–30% increase across its entire product line, and several other major players followed within weeks. Module makers raised prices nearly two weeks before complete charger manufacturers, showing cost pressure spreading downstream.",[653],{"type":579,"attrs":654},{"color":581},{"type":656,"attrs":657},"blok",{"id":658,"body":659},"cdcb1421-7ce7-4ba9-9387-d01f09417174",[660],{"id":661,"_uid":662,"type":663,"component":664,"fixed_height":665,"use_fixed_height":50,"fixed_height_mobile":665,"fixed_height_tablet":665},"30020420","i-80b22327-b688-4d06-9d67-a763ce568752","visualisation","ContentFlourish","",{"type":630,"attrs":667,"content":668},{"level":632,"textAlign":49},[669],{"text":670,"type":576,"marks":671},"The price hike is industry wide",[672],{"type":579,"attrs":673},{"color":581},{"type":571,"attrs":675,"content":676},{"textAlign":49},[677],{"text":678,"type":576,"marks":679},"Among companies raising prices, Sinexcel and EAST have the widest international footprint, covering 60+ and 100+ countries, respectively. Winline, TONHE, UU Green Power, Star Charge, and Link Charging also serve Europe, North America, and Southeast Asia.",[680],{"type":579,"attrs":681},{"color":581},{"type":571,"attrs":683,"content":684},{"textAlign":49},[685],{"text":686,"type":576,"marks":687},"“So far, the increases haven't reached overseas pricing, but if domestic costs keep climbing and overseas stock runs out, global price changes may follow – potentially narrowing Chinese chargers' price advantage abroad,” Lin said.",[688],{"type":579,"attrs":689},{"color":581},{"type":571,"attrs":691,"content":692},{"textAlign":49},[693],{"text":694,"type":576,"marks":695},"Notably, electronic component giants like Siemens, ABB, and Schneider Electric have also raised prices recently, showing these pressures span the entire renewable power equipment sector.",[696],{"type":579,"attrs":697},{"color":581},{"type":630,"attrs":699,"content":700},{"level":632,"textAlign":49},[701],{"text":702,"type":576,"marks":703},"Price increase is driven by rising raw material and chip prices",[704],{"type":579,"attrs":705},{"color":581},{"type":571,"attrs":707,"content":708},{"textAlign":49},[709],{"text":710,"type":576,"marks":711},"Charging industry participants consistently point to two primary cost drivers.",[712],{"type":579,"attrs":713},{"color":581},{"type":571,"attrs":715,"content":716},{"textAlign":49},[717,722,731],{"text":718,"type":576,"marks":719},"First is rising raw commodity prices. Non-ferrous metals like gold, silver, copper, and tin surged in 2026, pushing raw material costs up by 30%–200% depending on the manufacturer and specific hardware configuration. For example, ",[720],{"type":579,"attrs":721},{"color":581},{"text":723,"type":576,"marks":724},"copper prices",[725,729],{"type":586,"attrs":726},{"href":727,"uuid":728,"anchor":49,"target":590,"linktype":591},"/article/copper-stocks-rise-alleviating-backwardation-and-tightness-fears","9c1638f6-fb00-4734-b318-cfbf057b78c4",{"type":579,"attrs":730},{"color":581},{"text":732,"type":576,"marks":733}," are up 13% year-to-date.",[734],{"type":579,"attrs":735},{"color":581},{"type":571,"attrs":737,"content":738},{"textAlign":49},[739],{"text":740,"type":576,"marks":741},"Second is the rising cost of core components. Memory chips, magnetic components, IGBTs, and relays saw extreme price spikes of 50%–800%. The AI compute boom has led to high demand for power semiconductors, leaving charger manufacturers with minimal bargaining power.",[742],{"type":579,"attrs":743},{"color":581},{"type":630,"attrs":745,"content":746},{"level":632,"textAlign":49},[747],{"text":748,"type":576,"marks":749},"Compliance adds costs and pressures margins",[750],{"type":579,"attrs":751},{"color":581},{"type":571,"attrs":753,"content":754},{"textAlign":49},[755,760,768],{"text":756,"type":576,"marks":757},"Two regulatory deadlines in ",[758],{"type":579,"attrs":759},{"color":581},{"text":552,"type":576,"marks":761},[762,766],{"type":586,"attrs":763},{"href":764,"uuid":765,"anchor":49,"target":590,"linktype":591},"/publications/briefings/china-briefings/benchmark-china-briefing-july-2026","d7718047-4ac6-4efa-bed5-9c1e29ddb2f0",{"type":579,"attrs":767},{"color":581},{"text":769,"type":576,"marks":770}," further compound the squeeze on charger manufacturer margins: mandatory China Compulsory Certification (3C) from August 1 and new Grade 1 energy efficiency standards in November. These raise R&D, testing, and integration costs.",[771],{"type":579,"attrs":772},{"color":581},{"type":571,"attrs":774,"content":775},{"textAlign":49},[776],{"text":777,"type":576,"marks":778},"“Big manufacturers baked in most 3C compliance costs during the transition, yet many small suppliers held off,” Lin said. “Higher testing, component-registration and factory-audit expenses are only feeding through to pricing now as the 1st Aug 2026 was the enforcement deadline.”",[779],{"type":579,"attrs":780},{"color":581},"Across July and August 2026, the EV charger industry experienced a rare wave of price hikes ranging from 10%–30%, driven by cost pressures passing down the supply chain.\n\n“This price wave is a defensive move against soaring material costs, semiconductor shortages, and rising compliance expenses,” said Xinyi Lin, a senior EV charging analyst at Benchmark. “As raw material prices remain high, downstream charging network operators must prepare for higher equipment costs and squeezed margins in the near term.”\n\nIn 2025, over 4.4 million chargers were installed in China, with 5 million units forecast to be installed this year according to Benchmark’s EV Charging Service.\n",[783],{"slug":784,"name":785,"content":786},"xinyi-lin","Xinyi Lin",{"job_title":787,"image":788,"bio":790,"linkedin":791,"markets_covered":792},"Senior Analyst",{"filename":789},"https://a.storyblok.com/f/287943243085208/800x800/e4ab6097c6/xinyi-lin.jpeg","Xinyi is focusing on EV charging infrastructure as an analyst at Benchmark. She delivers insights through comprehensive analysis of the global EV charging market and contributes to monthly and quarterly reports as well as related projects. Before joining the company, she earned a Master’s degree in Management from the University of Glasgow with excellent academic performance.","https://www.linkedin.com/in/xinyi-l-132a861b6/","EV charging infrastructure","article","China’s EV charger prices surge from upstream cost pressures",[796],{"slug":797,"name":798},"ev","EV","private",{"id":49,"alt":49,"name":665,"focus":49,"title":49,"source":49,"filename":665,"copyright":49,"fieldtype":801,"meta_data":802},"asset",{},{"id":804,"alt":665,"name":665,"focus":665,"title":665,"source":665,"filename":805,"copyright":665,"fieldtype":801,"meta_data":806,"is_external_url":50},211150335970116,"https://a.storyblok.com/f/287943243085208/6960x4640/e3dfa41871/chinese-ev-charging-station.jpeg",{},"Across July and August 2026, the EV charger industry experienced a rare wave of price hikes ranging from 10%–30%, driven by cost pressures passing down the supply chain. In 2025, over 4.4 million chargers were installed in China, according to Benchmark.","Aug 20, 2026","20th August 2026",[],[],1787328805790]