SMM May 15 Overview of Automotive Battery Market [SMM Evening News]

SMM May 15 news: Dealers in Jiangxi reported that the replacement demand in the automotive battery market was sluggish, with retailers showing moderate enthusiasm for purchases. Battery inventories remained high, currently on par with the level of nearly two months. Additionally, the wholesale price for the main model 6-QW-60Ah was 260 yuan per unit. Manufacturers in Zhejiang reported that the automotive battery market was in the traditional off-season, with dealers exercising caution in procurement. Coupled with weak export orders, finished product inventories were on the high side. Currently, the factory's operating rate was maintained at around 80%, with raw material lead being purchased as needed. Manufacturers in Guangdong reported that the demand in the automotive battery market was poor, particularly due to factors such as tariffs and the SHFE/LME price ratio, leading to a significant decrease in battery export orders. The factory had been on holiday for nearly half a month, with subsequent production to be determined based on order conditions.

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