SMM February 25 EV Battery Market Overview [SMM Evening News]

SMM225 News: Dealers in Zhejiang reported that the demand for automotive lead-acid batteries in the market after the Chinese New Year was mediocre, with limited restocking demand from retailers. Currently, battery inventory is approximately one and a half months, and the wholesale price for the main model 6-QW-45Ah is 180-200 yuan per unit. Manufacturers in Shandong reported that the replacement demand for automotive lead-acid batteries in the market was average. Coupled with no significant improvement in supporting orders, factories are maintaining a produce-based-on-sales model, with production line operating rates at 60-70%. Raw material lead is primarily being consumed from inventory. Manufacturers in Anhui reported that the demand for automotive lead-acid batteries in the market was weak, with dealers mostly restocking as needed. Recent battery orders showed mediocre performance, and the current factory operating rate is at 70-80%, with raw material lead being purchased as needed.