Trade-in Promotion Boosts Lead-acid Battery End-use Market [SMM Lead-acid Battery Market Weekly Review]

SMM March 21: This week, there was no significant change in end-use consumption of the lead-acid battery market. On one hand, as the traditional off-season for e-bike and car battery markets approaches, dealers are cautious with purchases, and producers mostly adopt a produce based on sales approach. On the other hand, the e-bike and car markets are actively conducting trade-in activities, which have improved the sales of some complete vehicles and their accompanying batteries, alleviating producers' concerns about the off-season. In the battery wholesale market, the recent lead price fluctuated upward, raising the cost of batteries. There were rumors of price increases in the e-bike battery wholesale market, but actual selling prices did not change significantly. Conversely, the car battery wholesale market had a strong promotional atmosphere, with some models already seeing price reductions, such as the 6-QW-60Ah model priced at 165-210 yuan per unit.