Falling Demand Triggers Price Wars Again among Chinese Leading Battery Makers

SHANGHAI, Aug. 25 (SMM) – Leading motive battery producers start price wars again currently because of declining demand, SMM learns.

Those leading battery makers lower 48v12Ah battery prices to 290-300 yuan from 330-346 yuan with the largest drop at 46 yuan.

Battery replacement is gradually slowed by falling temperatures. This, combined with battery oversupply, further intensifies completion among various brand batteries. As such, battery makers decrease battery prices to excite sales.

Wholesale prices also post a drop, citing 48v12Ah battery prices down to 300-320 yuan and 48v20Ah battery prices down to 480-490 yuan, even 475 yuan in some regions. 

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