Summary of SMM Electric vehicle Battery Market on Oct. 11

SMM October 11: Shandong dealers reflect the general demand for electric batteries, but due to the factory shipment is slow, some tricycle batteries are still out of stock, the other two-wheeler battery consumption is weaker, the current main model 48v20Ah in 460-470 yuan / group. Chongqing dealers reflect that the electric battery market consumption is light, at the same time, the local electric motorcycle on the road, dragging down battery consumption, the current battery inventory in about half a month, another main model 48v20Ah wholesale in 460 yuan / group. Jiangsu manufacturers reflect that the peak season of the electric battery market is coming to an end, coupled with falling lead prices and cautious procurement by dealers, the current factory operating rate remains around 80%. If subsequent orders decline, we do not rule out the possibility of reducing production.