SMM March 25 EV Battery Market Summary [SMM Evening News]

SMM March 25 News: Dealers in Jiangsu reported that end-use consumption in the e-bike battery market is weak, with no significant changes in battery sales. However, the recent implementation of vehicle replacement activities has led to a relative improvement in sales of new vehicle-compatible batteries. Currently, battery inventory is maintained at around half a month. Manufacturers in Zhejiang indicated that the replacement demand in the e-bike battery market is moderate, while the promotion of "trade-in" subsidy activities has resulted in decent orders for vehicle-compatible batteries. The current factory production line operating rate is close to full capacity, and raw material lead is purchased as needed. Manufacturers in Jiangxi noted that the e-bike battery market is gradually entering the traditional off-season, with battery orders weakening. Meanwhile, lead prices continue to fluctuate upward, increasing the cost pressure of battery production. To avoid inventory accumulation, the current factory operating rate is between 70-80%.