SMM January 27 Automotive Battery Market Summary [SMM Evening Briefing]

SMM January 27: Dealers in Hunan reported limited improvement in replacement demand for automotive batteries. Coupled with weakening lead prices, selling prices in the wholesale battery market struggled to rise. As the Chinese New Year approaches, they plan to maintain moderate stockpiling. The main model 6-QW-105Ah is priced at 315-325 yuan per unit. Manufacturers in Zhejiang indicated that replacement demand for automotive batteries is moderate. The operating rate of factory production lines remained relatively stable, at around 80%. Due to the approaching Chinese New Year break, factories have begun gradually building battery inventory in preparation for dealers' routine pre-holiday stockpiling. Manufacturers in Anhui noted limited improvement in demand during the traditional peak season for automotive batteries, with export orders weakening. The company intends to start the holiday early and extend the entire Chinese New Year break after completing the routine pre-holiday stockpiling.