SMM5 March 20: Shandong dealers report that the replacement demand in the electric battery market is light, the battery inventory is slowly digested, and various brands continue to promote, the current main model 48v12Ah to 210Mel 220 yuan / group. Jiangsu manufacturers reported that the electric battery market is in the off-season, battery orders are low, in order to avoid inventory accumulation, factory operating rate is maintained at around 70%, lead raw materials are purchased on demand. Manufacturers in Jiangxi region report that the terminal consumption of electric bicycle battery market is poor, at the same time, the price war in the industry is fierce, the price of battery is close to the cost line, and the factory operating rate has been cut by 10% recently.
A Summary of the Battery Market of Electric vehicles on the 20th of SMM5
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn