【SMM New Energy News】Sungrow: Q1 Storage Margin Rises; Strategic Cost Pass-Through Addresses Lithium Price Hikes

Published: Apr 28, 2026 17:42

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During an investor meeting on April 27, Sungrow noted a quarter-on-quarter increase in gross margin, driven by an optimized regional mix with higher revenue shares from high-margin markets like Europe. Regarding lithium carbonate price pass-through, the company adopts localized strategies: costs are smoothly passed in less competitive markets like the US, whereas impact is limited in highly competitive regions like China. Sungrow maintains a ~10% brand premium over peers through innovation-led cost reduction and value-added services such as grid-forming support and after-sales care.

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