SMM's Overview of EV Battery Market on May 12 [SMM Evening News]

SMM May 12 news: Dealers in Shanxi reported that the off-season trend in the e-bike lead-acid battery market remained unchanged, with slow digestion of battery inventories. During the Labour Day holiday, local dealers generally implemented sales promotions for batteries. Currently, the wholesale price of the main model 48V20Ah is 500-510 yuan per set. Manufacturers in Jiangsu reported that the replacement demand in the e-bike lead-acid battery market was weak, and there was no improvement in battery orders in May. To avoid inventory accumulation, the current factory operating rate is around 80%, with raw material lead being purchased as needed. Manufacturers in Zhejiang reported that end-use consumption in the e-bike lead-acid battery market was sluggish, with dealers being cautious in their purchases. Finished product inventories of batteries were high, and factories maintained a state of production cuts, with an operating rate of 70-80%.