Chinese Market Approaching Chinese New Year: Lead-Acid Battery Companies Concentrate on Taking Holidays [SMM Lead-Acid Battery Weekly Operating Review]

        SMM January 24 News: According to reports, from January 18 to January 24, 2025, the weekly comprehensive operating rate of lead-acid battery enterprises in five provinces monitored by SMM was 52.62%, a significant decrease of 19.65 percentage points WoW.

        As the Chinese New Year approaches, this week marked the last week before the holiday. With an increasing number of migrant workers returning to their hometowns, lead-acid battery enterprises entered a relatively concentrated holiday period, with most companies starting their holidays during the Little New Year period in both northern and southern regions (January 22-23). By type, electric bicycle battery enterprises were among the earliest to start their holidays, with some beginning as early as January 15. Automotive and ESS battery enterprises started their holidays relatively later, with export-oriented enterprises beginning earlier than those focused on domestic sales. Subsequently, the last batch of enterprises will begin their holidays from January 25 to 28, and the lead-acid battery market will fully enter the Chinese New Year mode, with the weekly operating rate of enterprises expected to decline further.