SMM April 21 EV Battery Market Summary [SMM Evening News]

SMM reported on April 21: Dealers in Shanxi reflected that the end-use consumption of e-bike lead-acid battery scrap market is sluggish, and the battery inventory is being digested slowly. Currently, the battery inventory is about half a month. Additionally, the wholesale price of the main model 48v12Ah is 310-320 yuan per set. Manufacturers in Zhejiang reflected that the e-bike lead-acid battery scrap market is in the off-season, and finished product orders have declined compared to March. To avoid inventory accumulation, the current factory operating rate is around 80%, and raw material lead is purchased as needed. Manufacturers in Jiangxi reflected that the replacement demand in the e-bike lead-acid battery scrap market is weak, and dealers only purchase as needed. The battery inventory is gradually accumulating. The company plans to take a break during the Labour Day holiday, and the specific holiday time is still under discussion.