Summary of SMM Electric vehicle Battery Market on Oct. 23

SMM, Oct. 23: Shanxi dealers reported that demand for battery replacement for electric bicycles has weakened, battery sales are significantly lower than before the National Day, the current main model 48v20Ah in 440 yuan / group, if consumption continues to weaken, or consider promoting batteries. Jiangsu manufacturers reflect that the electric battery market is gradually entering the off-season, coupled with the decline in lead prices, battery wholesale market promotional atmosphere is stronger, the current main model 48v12Ah to 230240 yuan / group. Zhejiang manufacturers reflect weak market demand for electric batteries, lead prices are also falling one after another, dealers are cautious procurement, finished goods orders are low, the current factory start-up rate has dropped to about 70%.