SMM May 20 EV Battery Market Summary [SMM Evening News]

SMM May 20: Dealers in Hunan reported that end-use demand in the e-bike lead-acid battery market was sluggish, with battery sales showing no improvement for the time being. Battery inventory stood at about one month, and the wholesale selling price of batteries remained unchanged in May, with the main model 48V20Ah priced at 400 yuan/set. Manufacturers in Zhejiang reported that replacement demand in the e-bike lead-acid battery market was weak, with finished product orders showing no significant change for the time being. To control inventory accumulation, factory production line operating rates were maintained at 70%, and raw material lead was purchased as needed. Manufacturers in Jiangxi reported that the off-season in the e-bike lead-acid battery market continued, with dealers only purchasing as needed. To ease finished product inventory pressure, factory operating rates were currently maintained at around 70%, and raw material lead was bought and used on demand.