SHANGHAI, Aug. 9 (SMM) – Motive battery producers in Shandong announced to increase battery price, such as wholesale price of 48v20Ah up to 600 yuan.

In Jiangsu, price of 48v20Ah was 580 yuan on Wednesday. Local retailers were active in battery purchases and built stocks appropriately, triggered by sharp rise in lead price.

Motive Battery Price May Rise on Continuous Growth in Lead Price, SMM Reports

Battery producers in Zhejiang held operating rates at around 90% with improving purchase interest of distributors after lead price jumped up. Those producers bough lead based on orders.

SMM Survey: Supply Shortage Allows Lead Price to Rise Further

However, battery price growth was lower than that of lead price, increasing cost at battery producers sharply. Some battery producers thus restricted battery purchases, or even stopped receiving orders.

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