SMM May 28 Overview of Automotive Battery Market [SMM Evening News]

    SMM May 28 report: Dealers in Jiangxi reported that the off-season in the automotive battery market persisted, with slow digestion of battery supplies. Meanwhile, major brands frequently launched sales promotions, resulting in battery inventories exceeding two months. The wholesale price for the main model, 6-QW60Ah, ranged from 180-250 yuan per set. Manufacturers in Hebei reported sluggish overall demand in the automotive battery market, with limited orders from OEMs. To alleviate inventory pressure, the factory production line operating rate was maintained at around 80%, and lead ingot long-term contracts were sufficient to meet production needs. Manufacturers in Guangdong reported poor demand in the automotive battery market, primarily due to the impact of the price spread between domestic and overseas markets and exchange rate fluctuations. Domestic production costs for lead-acid batteries were higher than overseas, hindering battery exports. Currently, the factory operating rate stood at 50-60%, with raw material lead primarily being used to digest inventories.

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