TCL plans to increase the price of refrigerators, washing machines and refrigerators by 5% – 15% on January 15

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On January 13, TCL plans to raise the prices of refrigerators, washing machines and refrigerators by 5% – 15% on January 15 due to rising raw material and logistics costs.
According to a document of TCL home appliances (Hefei) Co., Ltd., with the uncertainty of the domestic epidemic situation, the foreign epidemic situation continues to rage. Since July 2020, the main raw materials such as refrigerators, freezers and washing machines have increased by more than 35% (including black and white materials for refrigerator foaming by more than 60%, galvanized sheet and electrolytic copper by more than 40%). At the same time, logistics costs are also rising, leading to the company’s rising costs. In 2021, various costs will continue to rise.
Therefore, TCL plans to adjust the prices of refrigerators, washing machines and freezers from January 15, and the price increase is expected to be 5% – 15%.