SMM February 25 EV Battery Market Overview [SMM Evening News]

SMM224 News: Dealers in Hunan reported that the end-use consumption of e-bike lead-acid batteries in the market remains weak, with slow inventory turnover. Additionally, as the traditional off-season in March approaches, there are no plans to build up inventory, keeping stock levels within half a month. The wholesale price of the main model, 48V20Ah, is 410-420 yuan/unit. Manufacturers in Anhui reported that the replacement demand for e-bike lead-acid batteries is moderate, while orders for complete vehicle assembly are relatively stable. Post-Chinese New Year, assembly orders have recovered, and the current factory operating rate exceeds 80%. Additionally, raw material lead is being purchased as needed. Manufacturers in Zhejiang reported that the demand for e-bike lead-acid batteries in the market is not strong, with dealers primarily purchasing based on immediate needs and in a relatively scattered manner. To avoid inventory accumulation, the factory operating rate is maintained at around 70%, and raw material lead is procured on a just-in-time basis.