SHANGHAI, Jun. 28 (SMM) – Motive battery distributors in Guangxi told SMM that motive battery consumption slowed down as rainy weather crippled replacement demand, leading to wholesale price of 48v20Ah at 510-550 yuan.
Distributors in Hubei faced sales decrease as most retailers already built stocks and end-user demand remained sluggish, reporting motive battery inventory at one month and price of 48v20Ah at 550 yuan.
Battery producers in Jiangsu held operating rates at around 90% for previous order delivery from distributors, despite of poor end-user demand, and purchased lead based on orders.
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