SHANGHAI, Jun. 10 (SMM) – One leading motive battery company cut selling price of its 48v12Ah battery by 50 yuan per set to 330 yuan per set, although the the peak season is just around the corner, SMM learned.
This company was not the only battery leader in China to cut prices recently, and distributors of these leading brands lowered prices to 280 yuan each set for 48v12Ah batteries and 480 yuan each set for 48v20Ah batteries to promote sales.
Prices for less known brands fell 20-30 yuan per set in response.
Traditionally, July starts a peak season for motive lead-acid batteries and thus producers begin to build stocks in June. But this year, poor downstream demand caused mounting inventories at producers and weak sales for distributors. In response, many producers kept low operating rates and some small ones even stopped production.