SMM's Overview of EV Battery Market on May 22 [SMM Evening News]

SMM May 22 news: Dealers in Zhejiang reported that end-use consumption in the e-bike lead-acid battery scrap market was sluggish. Meanwhile, as lead prices gradually declined, the atmosphere of sales promotions in the battery wholesale market intensified. For example, the wholesale price of the main model 48V12Ah was 300 yuan/set, but in a few regions, it was heard to be quoted at 270-280 yuan/set. Manufacturers in Jiangsu reported that the overall demand in the e-bike battery market was weak. Coupled with the decline in lead prices, dealers were cautious in their purchases. Currently, the factory operating rate was maintained at around 80%, and raw lead was purchased through long-term contracts. Manufacturers in Shandong reported that the e-bike battery market was in the traditional off-season, with battery orders for finished products remaining low. The factory maintained a produce-based-on-sales model, with the production line operating rate at 60-70%. Additionally, raw lead was purchased as needed.