Since June 2021, China's turbocharger manufacturing industry has been affected by chip shortages, rising raw material prices, Skyrocketing sea freight and power restrictions.
Lack of chip
The lack of chips directly leads to the decline in the output of the automobile industry, indirectly affecting the supply and demand of the auto parts industry, as the main industry to turbocharger we have also been affected.
rising raw material prices
The rise in raw materials is most immediate. Our turbocharger compressor housing is made of aluminum; Turbine housing is made of iron; Many parts of the intermediate (CHRA, Turbo Core) are made of metallic copper... Their prices are going up every day
Skyrocketing sea freight
Reasons for skyrocketing ocean freight rates around the world:
1. The price of containers has soared
2. A surge in export orders
3. Extend the factory delivery time
4. Reduced routes mean increased costs
5. The impact of congestion on the Suez Canal
6. Artificial control of the market
restrictions on electricity consumption.
Due to the huge electricity consumption of factories, the increase of residents’ electricity consumption, and the decline of power generation, my country has imposed restrictions on electricity consumption.
Although many reasons are unfavorable to us, the quality and price of our turbocharger factory products will not change, as well as our high-quality service!