SMM July 8 EV Battery Market Overview [SMM Evening News]

SMM reported on July 8: Dealers in Shandong province reported that the replacement demand for e-bike lead-acid batteries in the market was average, with flat battery sales. Currently, battery inventory exceeds one month. Additionally, first-tier brands have issued multiple price increase notices recently, but the wholesale market for batteries struggles to catch up. For example, the main model 48V12Ah is priced at 290-310 yuan/set. Manufacturers in Jiangxi province reported that the e-bike battery market is in a transition period between the off-season and peak season. Dealers have relatively high inventory levels from the previous period, and there has been no significant improvement in new orders. Meanwhile, the impact of substitutes such as lithium batteries is significant, and it is expected that the traditional peak season will have limited benefits for battery consumption. Currently, the factory operating rate is around 70%. Manufacturers in Zhejiang province reported that end-use consumption for e-bike lead-acid batteries in the market was average, with limited improvement in order volumes for July. Currently, the factory operating rate is maintained at 70-80%, and raw material lead is purchased as needed.