Summary of Electric vehicle Battery Market on March 3 of SMM4

SMM4, March 3: Hubei dealers reflect that the electric battery market replacement demand is light, coupled with the battery wholesale market promotion atmosphere is strong, retailers purchase cautiously, the current main model 48v20Ah in 440-460 yuan / group. Jiangxi manufacturers reflect that the market consumption of electric batteries is not prosperous, coupled with the fluctuation of lead prices, dealers are more cautious on demand, the current factory operating rate is around 80%, raw materials lead with the purchase. Zhejiang manufacturers reflect light demand for electric bicycle batteries and poor orders for finished products. The current factory operating rate is 70-80%, but considering the rise in inventory, if orders do not improve, we will not rule out considering reducing production.