Summary of Electric vehicle Battery Market on June 6 of SMM

SMM June 6: dealers in Shandong Province reflect the low demand for replacement in the electric battery market, slow digestion of battery supplies, and frequent sales promotion in the industry. The main model 48v20Ah is in 430440RMB / group. Manufacturers in Jiangxi reflect that the market situation of electric batteries has not changed in the off-season, and orders for finished products are not good. In order to control inventory, battery production may fall by another 10% in June, and lead, another raw material, will be purchased on demand. Manufacturers in Fujian reflect that the market consumption of electric batteries is light, coupled with the weak lead situation, dealers are cautious in purchasing, in order to avoid the accumulation of finished product inventory, the current factory opening rate is maintained at about 60%.