[SMM Weekly Review] Supply and demand for second-life application remained balanced this week (June 9, 2025 - June 12, 2025)

SMM June 12 News:

Second-life batteries: From an overall data analysis perspective, in June, the ESS sector was impacted by the withdrawal of the mandatory energy storage allocation policy, leading to a weakening of support for rigid demand. The auto sales boom driven by previous auto shows gradually faded, and the end-use market lacked sufficient consumption momentum. It is expected that there will be no significant growth in end-use demand. In terms of market transactions, the prices of Grade B products in the second-life battery market remained stable overall, with the market primarily adopting a wait-and-see attitude. On the supply side, the supply of second-life battery cells remained relatively abundant. On the demand side, there have been no significant changes in downstream demand, and overall supply and demand remained basically unchanged. Currently, market transactions in June remain sluggish. Some second-life battery producers, based on expectations of future price declines, are maintaining a just-in-time procurement strategy.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 021-20707875

Zhicheng Zhou 021-51666711