SMM April 10 Automotive Battery Market Summary [SMM Evening News]

SMM April 10 News: Dealers in Hunan reported that end-use consumption in the automotive storage battery market was weak, retailers were cautious in purchasing, and battery inventory exceeded one month. In addition, selling prices in the battery wholesale market remained unchanged for the time being, with the wholesale price of 6-QW-60Ah at 260-300 yuan/unit. Manufacturers in Zhejiang reported that the automotive storage battery market entered the traditional peak season, but orders in April weakened MoM. Coupled with mediocre battery exports, the current factory operating rate was at 60-70%, and raw material lead was mainly purchased through long-term contracts. Manufacturers in Hebei reported that replacement demand in the automotive storage battery market was weakening, while OEM orders were moderate. Currently, factories produced based on sales, with production line operating rates at around 90%, and raw material lead was purchased as needed.