SMM, July 24: End-use consumption in the e-bike lead-acid battery market remains persistently weak. Dealers report no signs of improvement in battery sales yet, and overall market trading is sluggish. It is also learned that the e-bike trade-in subsidy policy in the Guangdong region has been gradually launched, with a maximum subsidy of 500 yuan per vehicle. Going forward, attention will be paid to the transmission of the subsidy policy to e-bike lead-acid battery consumption.
SMM July 24 Lead-Acid Battery Market Flash [SMM Midday Comment]
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