Summary of SMM Electric vehicle Battery Market on October 18

SMM Oct. 18: Shandong dealers reflect the light consumption of electric batteries, major brands have begun to promote sales, such as the main model 48v20Ah wholesale price to 440 yuan / group, in the early stage due to National Day vehicle traffic restrictions, some battery shipments have been delayed, inventory to half a month. Jiangxi manufacturers reflect that the terminal consumption of the electric battery market has weakened, the purchasing enthusiasm of dealers has declined, and battery orders have also shown a downward trend. In order to avoid the accumulation of inventory, the factory has adjusted its working system to "do five days off and two days off". Henan manufacturers reflect that the electric battery replacement market has entered the off-season, coupled with the introduction of electric bicycles on the road control in some areas, finished product orders are significantly lower than before the festival, the current factory operating rate is about 80%, raw materials lead with the purchase.