China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

SHANGHAI, Jun. 14 (SMM) – Leading motive battery producers raised prices again recently, such as 48v20Ah up to 500-550 yuan. Downstream distributors thus increase purchases with optimistic outlook, augmenting orders at battery producers.

However, many battery producers, halting and cutting output previously, report limited finished goods inventories. This, couples with production cycle, lengthens battery delivery cycle, which is postponed to 10-15 days from 3-5 days, and some goods ordered in May even have not arrived yet.

Most battery producers have expanded operating rate by 20-30% from June, and some producers are fully operational, SMM learns. Hence, battery supply will increase in mid and late June.

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.