Factory Fire Affects Laptop Battery Prices
Last month LG Chem, South Korea's second largest battery manufacturer, caught fire. It is estimated that this fire will trigger a large price increase on laptop batteries.
The price increase will affect companies like Dell, HP, and Asus. These companies purchase most of their battery supplies from LG Chem. In total the shortfall of batteries that is likely to ensue could affect up to 40% of shipments from Taiwan.
Dell would not discuss how much prices will rise; however Dell's spokesman Jess Blackburn was quoted as saying, "the industry is experiencing battery supply constraints because of these problems. Therefore, pricing is being impacted by current availability. But we are working with our partners throughout our supply chain to reduce the impact on our customers."
Extra battery pack purchases may also be affected by the battery shortage. Larger battery retailers may be limiting the amount of batteries consumers can purchase.
Currently, LG Chem thinks it will be able to get its factory back to full production in two to three months. In the mean time, it will be up to other third-party battery manufacturing companies to increase production to meet the needs of the consumer.
At Priority Electronics, the fire will have little effect on our laptop battery prices. We do not purchase from LG Chem. We have other companies that produce quality laptop batteries for us. Our laptop battery prices are competitive and we offer a one year warranty. In this battery shortage think Priority Electronics as your fully stocked source for batteries.
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