Summary of SMM Electric vehicle Battery Market on Oct. 21

SMM October 21: Zhejiang dealers reflect that the electric battery market terminal consumption is light, coupled with the weakening of lead prices, battery wholesale market promotion atmosphere thickened, the main model 48v12Ah to 230,250 yuan / group. Shandong manufacturers reflected that the electric battery market replacement demand turned weak, and due to the decline in lead prices, dealers procurement cautious, the current factory operating rate maintained at 70-80%. Jiangsu manufacturers reflect that the electric battery market has entered the off-season, the purchasing enthusiasm of dealers is poor, finished product orders are reduced, in order to avoid the accumulation of battery inventory, the current factory operating rate is reduced by about 10%.