[SMM Weekly Review] The market demand for second-life application remained stable this week (June 30-July 3, 2025)

Published: Jul 3, 2025 14:31

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From an overall data analysis perspective, rigid demand in the ESS sector remained stable at month-end June, with both domestic and overseas demand receiving certain support from mid-year factors and various policies. The auto sales boom driven by auto shows in the early part of June gradually faded, with the penetration rate of NEVs in the market remaining stable. Currently, consumer purchasing power in the end-use market is insufficient, and it is expected that there will be some increase in end-use demand, but it will be relatively limited. In terms of market transactions, as of month-end June, market transactions remained sluggish, with some second-life battery producers largely refraining from building up inventory and maintaining a just-in-time procurement strategy. By July, after the mid-year period, there is further room for demand in the NEV and ESS markets to decline.

SMM News on July 3:

Second-life batteries: Based on overall data analysis, the rigid demand in the ESS sector remained stable at the end of June, with both domestic and overseas demand receiving certain support from mid-year and various policies. The auto sales boom driven by auto shows in the early part of June gradually faded, with the penetration rate of NEVs in the market remaining stable. Currently, there is insufficient consumption momentum in the end-use market, and it is expected that there will be some increase in end-use demand, but it will be relatively limited. In terms of market transactions, as of the end of June, transactions remained sluggish. Some second-life battery producers basically did not build up much inventory and maintained a just-in-time procurement strategy. As we enter July, after the mid-year period, there is further room for demand in the NEV and ESS markets to decline.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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