SMM June 23 EV Battery Market Overview [SMM Evening News]

SMM, June 23: Dealers in Shandong reported that end-use consumption of e-bike lead-acid batteries in the market was sluggish, and battery inventory was difficult to sell. Currently, battery inventory stands at approximately one and a half months. Additionally, the battery wholesale market maintains a promotional atmosphere, with the main model 48V20Ah priced at 400-410 yuan per set. Manufacturers in Jiangsu reported that the off-season trend for e-bike lead-acid batteries remained unchanged. Coupled with cost pressures from lithium batteries, orders for lead-acid batteries were poor. Currently, the factory operating rate is at 70-80%, and raw material lead is purchased as needed. Manufacturers in Zhejiang reported that overall demand in the e-bike battery market was average, with dealers purchasing as needed. Due to the fluctuating upward trend in lead prices, the production cost of batteries has risen. The company plans to increase battery selling prices. Some dealers' buying sentiment has slightly improved, and currently, the factory operating rate is at 80-90%.