SMM March 18 EV Battery Market Overview [SMM Evening News]

SMM March 18 News: Dealers in Zhejiang reported that the end-use consumption of e-bike lead-acid batteries in the market remains sluggish, with cautious purchasing by retailers. Currently, battery inventory is controlled within half a month. Additionally, despite the recent rise in lead prices, there has been no significant change in the wholesale market selling price of batteries, such as the main model 48V12Ah priced at 310-320 yuan per unit. Manufacturers in Jiangsu reported that the overall demand for e-bike lead-acid batteries in the market is moderate. Dealers are purchasing as needed, and factories are producing based on sales, with production line operating rates at 70-80%. Finished battery inventory levels remain within the normal range. Manufacturers in Anhui reported that the demand for e-bike lead-acid batteries in the market is weak, and new orders in March have been average. To avoid excessive battery inventory accumulation, current factory operating rates are around 80%, and raw material lead is being purchased as needed.