SMM January 15 EV Battery Market Overview [SMM Evening News]

SMM1 January 15 News: Dealers in Jiangsu province reported that the replacement demand in the electric bicycle lead-acid battery market is moderate, with no significant changes in battery sales. Currently, battery inventory is about one month, and the wholesale price of the main model 48V12Ah is 320-340 yuan/unit. Manufacturers in Zhejiang province reported that the demand in the electric bicycle lead-acid battery market is weakening, as dealers have gradually completed pre-holiday inventory stocking. After completing the final battery shipments this week, factories will enter the Chinese New Year break starting from January 17. Manufacturers in Anhui province reported that the demand in the electric bicycle lead-acid battery market is moderate, with good orders for complete vehicle matching. Currently, the factory operating rate is above 90%. Considering the upcoming suspension of logistics, the company has recently conducted routine inventory stocking of lead ingots.