SMM July 13 EV Battery Market Summary [SMM Evening News]

SMM, July 13: Dealers in Jiangsu report that end-use consumption in the e-bike lead-acid battery market is sluggish, with battery sales focused on digesting inventories. Currently, the wholesale price for the main model, 48V12Ah, is 280-300 yuan per unit, and there is no demand for restocking in the short term. Manufacturers in Zhejiang report that demand in the e-bike lead-acid battery market is sluggish, with dealers purchasing less and finished product orders performing poorly. To reduce inventory pressure, factories are maintaining an operating rate of 60-70%. Manufacturers in Jiangxi report that overall demand in the e-bike lead-acid battery market is weak, with both OEM and replacement demand showing sluggish performance. Currently, the production line operating rate at the factory is around 60%, and raw material lead is only purchased as needed.