SMM April 23 EV Battery Market Summary [SMM Evening News]

SMM reported on April 23: Dealers in Zhejiang reflected that the end-use consumption of e-bike lead-acid battery scrap market is sluggish, with poor battery sales. Meanwhile, promotions in the battery wholesale market continue, with the main model 48v12Ah wholesale price at 310-320 yuan per set. Manufacturers in Anhui indicated that the e-bike lead-acid battery scrap market is in the traditional off-season, with limited benefits from the trade-in policy. Orders for new vehicle fittings are average, and finished battery inventory is gradually accumulating. Currently, the factory operating rate has dropped below 80%. Manufacturers in Hebei reported that the demand for e-bike lead-acid battery scrap in the e-bike market is weak, with dealers being cautious in procurement. To avoid inventory accumulation, the current factory operating rate is at 60-70%. Additionally, the factory is expected to take a 1-2 day break during the Labour Day holiday.