SMM May 7 Automotive Battery Market Summary [SMM Evening News]

SMM May 7 news: Dealers in Jiangxi reported that replacement demand in the automotive storage battery market was weak, with retailers only restocking as needed. Current battery inventory was maintained at nearly 2 months. Additionally, the main model 6-QW-100Ah was wholesaled at 380-400 yuan/unit. Manufacturers in Hebei reported that the automotive storage battery market was still in an off-season phase, with dealers purchasing cautiously and vehicle assembly orders also limited. Currently, factories produced based on sales, with operating rates maintained at around 80% and raw materials purchased as needed. Manufacturers in Zhejiang reported that replacement demand in the automotive storage battery market was sluggish, compounded by poor export orders. Currently, factory operating rates were at 50-60%, and raw material lead could be fully sourced through long-term contract purchases to meet production needs.