SMM July 1 EV Battery Market Overview [SMM Evening News]

SMM July 1 News: Dealers in Jiangxi Province reported that end-use consumption of e-bike lead-acid batteries was sluggish, and the digestion of battery inventories was slow. Currently, inventories exceed one month. Additionally, first-tier brands recently announced price increases, while second- and third-tier brands are mostly in a wait-and-see mode, with no changes in battery wholesale prices. Manufacturers in Zhejiang Province reported that the impact of the off-season on the e-bike battery market had eased, and with the peak season approaching, the operating rate of factory production lines had rebounded, currently exceeding 80%. Moreover, raw material lead procurement was mainly through long-term contracts. Manufacturers in Jiangsu Province reported that the replacement demand for e-bike batteries in the market was average, with dealers making just-in-time procurement only. Currently, battery inventories were relatively high, and the operating rate of production lines was maintained at around 70%. In the short term, raw material lead procurement was mainly focused on digesting inventories.