SMM February 3 Automotive Battery Market Summary [SMM Evening Briefing]

SMM February 3 News: Dealers in Hunan reported moderate replacement demand in the automotive battery market. Coupled with the approaching year-end, retailers' purchases were limited, and battery inventory exceeded one month. No additional stockpiling will be conducted before the Chinese New Year. The current wholesale price for the main model 6-QW-45Ah is 200-220 yuan per unit. Manufacturers in Guangdong reported that domestic orders for automotive batteries were moderate, while export orders declined significantly due to factors such as tariffs. Recently, the plant operating rate has been maintained around 70%. Additionally, with the Chinese New Year holiday approaching, the production workshop was shut down yesterday. Manufacturers in Zhejiang reported that overall demand in the automotive battery market was weak. Dealers' pre-holiday stockpiling has basically ended. After completing the last shipment recently, the plant will suspend operations on February 8. Furthermore, no procurement of lead ingots is planned before the holiday.