SMM March 3 EV Battery Market Overview [SMM Evening News]

Published: Mar 3, 2026 17:05

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SMM News on March 3: Dealers in Jiangxi reported weak end-use consumption in the e-bike lead-acid battery market, with retailers conducting limited restocking after the holiday. In addition, lead prices rose, but selling prices in the battery wholesale market struggled to catch up; for example, the mainstream 48V20Ah model remained at 400-410 yuan/set. Manufacturers in Zhejiang reported that after the Chinese New Year holiday ended, factories had resumed normal production, and as more workers returned, the operating rate of production lines recovered to 60-70%; raw material lead was purchased as needed. Manufacturers in Jiangsu reported that replacement demand for e-bike lead-acid batteries was average; after the holiday, dealers only purchased as needed, and the operating rate of production lines gradually recovered, with the short term still mainly focused on digesting pre-holiday stockpiling.

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