Summary of SMM Automobile Battery Market on April 24

SMM4 24: Hunan dealers reported that the automotive battery market replacement demand is light, battery supply digestion is slow, while the major brands continue to promote, retailers purchase cautiously, the current battery inventory for more than a month. Hubei manufacturers reflect the general demand of automobile battery market, finished product orders become weaker, battery inventory has increased, the current factory operating rate is 80-90%, and the May Day holiday is expected to be 1-2 days. Zhejiang manufacturers reflect that the overall demand of the automobile battery market is not prosperous, coupled with the setback of export orders, in order to avoid the accumulation of inventory, the battery promotion has been implemented recently, and the current factory operating rate is maintained at 70-80%.

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