SMM August 18 EV Battery Market Summary [SMM Evening News]

SMM August 18 news: Dealers in the Zhejiang region reported that end-use consumption of e-bike lead-acid batteries was generally average. Recently, multiple brand manufacturers intensified sales promotions to stimulate dealer procurement, with the wholesale price of the mainstream 48V12Ah model at 270-290 yuan per set. Manufacturers in the Jiangxi region reported that replacement demand for e-bike lead-acid batteries showed relative improvement, orders for finished products improved somewhat, inventory pressure eased accordingly, and the current plant operating rate has risen to 85%; manufacturers in the Jiangsu region reported that overall market demand was generally average, dealers mainly relied on just-in-time procurement, factories arranged production according to order conditions, production line operating rates remained at 70-80%, and raw material lead was mostly procured through long-term contracts.