SMM Market Overview of E-bike Batteries on June 3 [SMM Evening News]

SMM, June 3: Dealers in Zhejiang reported that end-use consumption in the e-bike battery market was mediocre, with slow digestion of battery inventory. Meanwhile, competition among major brands was fierce, and the sales promotions atmosphere in the battery wholesale market was strong. For example, the main model 48V20Ah was priced at 480-500 yuan/set. Manufacturers in Jiangsu reported that consumption in the e-bike battery market was weak, and dealers were cautious in their procurement. To avoid an increase in battery inventory, the current factory operating rate was maintained at around 70%, and raw material lead was procured on a just-in-time basis. Manufacturers in Jiangxi reported that overall consumption in the e-bike battery market was sluggish, including orders for complete vehicle assembly and replacement batteries. There were no significant changes in new orders in June, and the production line operating rate was maintained at 70-80%. Additionally, as the Dragon Boat Festival holiday had not yet ended, production was expected to resume the day after tomorrow.