【SMM Analysis】Demand for Echelon Utilization Remains Stable This Week (2025.6.23-2025.6.26)

Echelon Utilization:
Based on overall data analysis, vehicle sales showed some growth in June, but the support was limited. Demand in the energy storage sector remained stably supported by rigid requirements. The sales boom driven by earlier auto shows is gradually subsiding. The market penetration rate of new energy vehicles has stabilized, and current terminal market consumption momentum remains insufficient. Market sentiment suggests that incremental terminal demand is expected to be relatively limited.

Regarding market transactions, activity in June remained generally subdued. Some echelon manufacturers are largely avoiding building up inventories, maintaining a strategy of purchasing strictly according to immediate needs.