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[SMM survey] the weekly operating rate of electric battery is declining at the end of the peak consumption season of electric battery.
Oct 18,2019 16:09CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, March 18: according to SMM research, this week (October 14-October 18) SMM five provinces lead battery enterprises weekly comprehensive operating rate of 56.98%, down 0.86 percentage points last week compared with the previous week.

It is understood that after the National Day, the electric bicycle battery market consumption weakens, the battery wholesale market promotion atmosphere is thicker, some dealers immediately launch the promotion during the National Day, a single group of batteries down 10-20 yuan / group; At the same time, Fujian, Chongqing, Hubei and other places have carried out special rectification on the road and brand of electric bicycles to crack down on consumers' purchasing sentiment, and gradually transmitted to battery manufacturers, especially in areas where battery manufacturers are more concentrated in Zhejiang, Jiangxi, and so on. Battery enterprises began to tighten their production. In addition, next week, the electric battery market consumption expectations are difficult to improve, if orders continue to weaken, do not rule out more storage enterprises to join the list of production cuts.

 

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