Chinese Motive Battery Distributors See Sharp Fall in Sales

SHANGHAI, Mar. 22(SMM) – Chinese motive battery distributors reported sharp drop in sales recently as such type of batteries gradually enter a slack season in March with warming temperatures, SMM learns.

SMM survey of 10 Chinese motive battery distributors finds that four of them saw sales down 10-20% from early March, versus a fall of 30-40% at one distributor, about 50% at three distributors and more than 50% at two distributors.

Leading brand battery prices posted declines, such as wholesale prices for 48v20Ah batteries down from 500-520 yuan to 490-510 yuan, even 485 yuan in some regions. Parts of less-known battery prices also decreased by 3-4 yuan for a piece of battery. 

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