We very sorry to inform that due to increase of the cost of aluminum alloy products , also the exchange rate and the shipping cost keep getting higher,it has been calculated that the existing price has been lost and the price has increased urgently.
The cost of Mags has increase by 25%, and we have undertaken most of the pressure. We try to keep all products to give you cost-effective prices, but regarding MAGS. We must use 15% increase to maintain the company's operations. In additional, according to financial market analysis.
This is a tough decision and we understand this will bring you inconvenience, but 15% is our best effort to keep balance between our customers and covering our cost.
We greatly regret any inconvenience it may cause, and hope we can receive strong support from your side.
Thank you very much. I'm available for any questions you may have.
Anda Motors Incorporated