Month-end coincided with the Dragon Boat Festival, and the weekly operating rate of lead-acid batteries declined as expected [SMM Weekly Lead-acid Battery Operating Rate Review]

        It is understood that from May 24 to May 30, 2025, the weekly composite operating rate of lead-acid battery enterprises in the five provinces covered by SMM was 70.45%, down 2.21 percentage points WoW from the previous week.

        As it approached the end of May, the impact of the off-season in the lead-acid battery market had not improved. Additionally, with the Dragon Boat Festival holiday approaching, many e-bike and automotive battery enterprises planned to take holidays, with the duration ranging from 1 to 3 days. A small number of enterprises planned holidays of up to 5 days due to month-end inventory checks. The weekly operating rate of lead-acid battery enterprises had already declined this week, and it is expected to decrease further next week as the holiday duration increases. Furthermore, ESS battery enterprises were the least likely to take holidays among the three types of battery enterprises, either continuing production as usual during the Dragon Boat Festival or taking only a 1-day holiday.