SHANGHAI, Aug 27 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces inched up 0.06 percentage point from August 20 to 69.72% as of Friday August 27.
Lead-acid battery market was in the traditional peak season, and the replacement demand for electric bicycles is rising steadily. Major companies gradually increased production since August.
The battery production and transportation in some key areas in Jiangsu were still restricted as the pandemic control has not been lifted, and the battery sales were also stagnated. However, the orders in other areas in Jiangsu increased, including some transferred orders. The consumption of automobile battery remained flat, and some companies reduced production.