SHANGHAI, Sep. 30 (SMM) –The lead-acid battery imports in China totaled 861,500 units in August, up 21.76% MoM and 29.40% YoY, China Customs reported. The imports included 122,000 units of ignition batteries, down 22.99% MoM and 739,500 units of other types of lead-acid batteries, up 34.67% MoM.
Overall demand for ignition battery weakened in August. Demand for imported ignition battery at automobile makers was modest, such as FAW-Volkswagen and BMW Brilliance. Meanwhile, China’s battery producers expanded capacities and continued releasing high-end batteries like AGM, which increased competition for imported batteries. Moreover, with low battery replacement demand, some foreign enterprises in China also cut their battery imports.
Backup battery demand rose steadily due to development of China’s communication base station and energy storage market. Moreover, the number of high-temperature days in August reduced from July, which increased efficiency of communication base station workers. This increased demand for battery imports. Additionally, lead prices rose continually in August, boosting downstream purchase. Imported lead-acid battery totaled 5.70 million units in China during January-August, up 14.90% YoY.
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