SMM January 23 Automotive Battery Market Overview [SMM Evening News]

SMM1 January 23 News: Dealers in Zhejiang province reported that the replacement demand in the automotive battery market is moderate. However, with the increasing number of people returning home, battery sales have recently improved. Currently, battery inventories are approximately one and a half months' worth. Further restocking will be considered after the holiday, depending on the inventory digestion of batteries. Manufacturers in Hubei province reported that the festive atmosphere of the Chinese New Year is becoming more pronounced in the automotive battery market. Coupled with the suspension of logistics operations, most dealers have halted procurement, leading to a gradual increase in finished product inventories before the holiday. Additionally, factories plan to take a holiday starting January 26 and are expected to resume operations on the fourth day of the lunar new year. Manufacturers in Jiangxi province reported that as the Chinese New Year approaches, dealers have completed pre-holiday restocking. After arranging the final shipments before the holiday, factories have already taken a holiday starting January 21 and are expected to resume operations on the eighth day of the lunar new year.

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