SMM May 27 EV Battery Market Summary [SMM Evening News]

SMM May 27: Dealers in Shandong reported that replacement demand in the e-bike lead-acid battery market remained sluggish, with poor battery sales. Current battery inventories exceeded one month. The battery wholesale market had a strong clearance atmosphere, with the main model 48V20Ah quoted at 400 yuan/set. Dealers in Shanxi reported that the off-season trend in the e-bike market intensified. Multiple brands in the battery wholesale market successively implemented sales promotions on batteries, with the main model 48V12Ah dropping to 275 yuan/set. Manufacturers in Zhejiang reported that consumption in the e-bike lead-acid battery market was weak. Dealers were cautious in purchasing, and finished product inventories stayed high. The current factory operating rate was maintained at around 80%. In addition, lead prices pulled back today, and they purchased lead ingots as needed.