SMM July 24 Automotive Battery Market Summary [SMM Evening News]

SMM, July 24: Dealers in Hunan region reported that replacement demand in the automotive battery market was poor, battery inventory was close to 2 months, and battery sales were quite difficult. Currently, the wholesale price for the main model 6-QW-45Ah is 160-180 yuan per unit. Manufacturers in Hubei region reported automotive battery orders as subpar, with moderate domestic sales demand and export orders yet to recover. The factory's production line operating rate currently remains at 70-80%. Manufacturers in Anhui region reported poor domestic orders for automotive batteries, cautious procurement by dealers, and to avoid inventory accumulation, the factory's operating rate was maintained at around 70%, with raw material lead mainly procured through long-term contracts.