SMM March 27th EV Battery Market Summary [SMM Evening News]

SMM March 27th News: Dealers in Zhejiang reported that the end-use consumption of e-bike lead-acid battery scrap was moderate. However, due to the "trade-in" subsidy policy, sales at vehicle stores showed a steady increase, and the demand for supporting batteries improved relatively. Currently, battery inventory is maintained at around half a month. Manufacturers in Jiangxi indicated that the e-bike lead-acid battery scrap market is gradually entering the off-season, with new orders declining. However, due to satisfactory previous orders, the current operating rate of factories remains above 90%. Additionally, raw material lead is purchased as needed. Manufacturers in Shandong noted that the replacement demand for e-bike lead-acid battery scrap has weakened, and dealers are cautious in their purchases. To avoid inventory accumulation, the current operating rate of factory production lines is around 80%. Moreover, raw material lead is mainly procured through long-term contracts.