SHANGHAI, Aug. 28 (SMM) – China imported 695,200 lead-acid batteries in July, up 26.14% from June and 11.66% YoY, China Customs reported.
Ignition battery imports came in at 253,300 in July, rising 26.54% MoM and total ignition battery imports stood at 1.5 million during January-July, up 44.14% when matched with the same period last year.
China encourages the use of green car in recent years, increasing demand for batteries.
Demand for high-end batteries, including AMG batteries, posts a rise in China while domestic capacity of AMG batteries is limited. This help boost demand for imports.
Lead-acid battery imports see a slid of 6.29% YoY to 4.29 million during the first seven months of this year.
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