SMM March 12 Automotive Battery Market Overview [SMM Evening News]

Dealers in Hunan reported that end-use consumption in the automotive lead-acid battery market was weaker than in previous years, making it difficult to boost battery sales. With the off-season approaching, current battery inventory is approximately one and a half months, and the wholesale price of the main model 6-QW-60Ah is 190-220 yuan/unit. Manufacturers in Zhejiang reported that domestic demand in the automotive lead-acid battery market was moderate, and export orders were unsatisfactory. To avoid excessive inventory accumulation, the current factory operating rate is 70-80%, with raw material lead mainly procured through long-term contracts. Manufacturers in Hubei reported that the automotive lead-acid battery market was stable, with moderate orders for vehicle assembly, while battery replacement orders were relatively weaker. Currently, factory production lines are operating near full capacity, and finished battery inventory has slightly increased.

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