Lead-Acid Battery Enterprises Maintained Stable Production at Year-End, but Orders Were Scarce [SMM Survey]

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        SMM, December 20: According to the survey, the weekly operating rate of lead-acid battery enterprises in five provinces monitored by SMM was 75.36% during the period from December 14 to December 20, 2024, which remained basically stable WoW.

        According to the survey, the overall consumption performance of the lead-acid battery market has been average recently. The "trade-in" policy in the electric bicycle and automobile markets continues to advance, but dealers reported limited improvement in sales. As the year-end approaches, dealers have reduced battery purchases after completing their annual sales plans. Currently, most dealers and producers are in negotiations regarding the battery agency volume for 2,025, and they are expected to finalize their January procurement plans after confirming the new year's agency volume. Meanwhile, finished product orders from some producers have weakened compared to early December. At the same time, considering the upcoming Chinese New Year in January, when logistics suspension and factory holidays are expected, dealers will generally conduct pre-holiday inventory stocking as a routine. Finished product inventories of enterprises can be used for pre-holiday stocking, so production changes among large enterprises remain relatively small..