SMM January 2 EV Battery Market Overview [SMM Evening News]

SMM January 2 News: Dealers in Anhui reported that the replacement demand for electric bicycle lead-acid batteries was relatively weak, with little change in battery sales. The current battery inventory is approximately half a month, and the wholesale price of the main model 48V20Ah is 420-430 yuan per set. Manufacturers in Jiangsu reported that the market demand for electric bicycle lead-acid batteries was sluggish, and dealers maintained purchasing as needed. Currently, factories produce based on sales, with production line operating rates around 70%. Additionally, raw material lead is procured through just-in-time procurement. Manufacturers in Shandong reported that end-use consumption of electric bicycle lead-acid batteries was average, while dealers began stockpiling at year-end. Battery orders for January have relatively improved, with current factory operating rates around 80%. Raw material lead is purchased as needed.