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A Summary of SMM Automobile Battery Market on May 8
May 8,2020 18:57CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 month 8: Hunan dealers reflect that the automotive battery market replacement demand is not strong, at the same time, major brands continue to promote, the industry buy up do not buy down sentiment rise, battery inventory digestion is slow, inventory in about a month and a half. Hebei manufacturers reflect that the overall demand of the automobile battery market is weak, and the competition in the industry is fierce. In order to avoid the accumulation of inventory, the factory operating rate is maintained at about 80% during the May Day holiday for 3 days. Zhejiang manufacturers reflect the general demand of the automobile battery market, coupled with the setback in export orders, the company has recently increased the promotion of finished batteries, the current factory operating rate is maintained at more than 90%.

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