It is understood that from May 17 to May 23, 2025, the weekly comprehensive operating rate of lead-acid battery enterprises in five provinces tracked by SMM was 72.66%, basically stable WoW.
Recently, the off-season trend in the battery market for electric bicycles, automobiles, and other applications has continued, with no significant changes in the production of lead-acid battery enterprises, which maintain a produce-based-on-sales model. By type, ESS battery enterprises had the highest operating rate among the three battery categories, mainly due to an increase in orders from sources such as data centers and mobile base stations. Meanwhile, some Sino-foreign joint venture enterprises have lifted production cuts and inventory control measures due to the end of their fiscal year, and the resumption of production by these enterprises has become one of the factors contributing to the rise in the operating rate of ESS battery enterprises.
In addition, as next week approaches month-end and the Dragon Boat Festival, some enterprises may once again face the possibility of month-end inventory checks and holidays, which may in turn affect the weekly operating rate of lead-acid battery enterprises to decline.
