SMM July 9th Overview of Automotive Battery Market [SMM Evening News]

SMM July 9 News: Dealers in Zhejiang province reported that the replacement demand in the automotive battery market was sluggish, and retailers only purchased batteries as needed. The current battery inventory was nearly two months' worth. Additionally, the battery wholesale market maintained a sales promotion atmosphere, with the main model 6-QW-60Ah priced at 200-250 yuan per unit. Manufacturers in Henan province reported a relatively improved demand in the automotive battery market. After production cuts and inventory reductions in the previous two months, the current inventory pressure on batteries had eased, and the factory production line operating rate had recovered to over 90%. Raw material lead was mainly purchased through long-term contracts. Manufacturers in Jiangxi province reported no significant improvement in the demand for automotive batteries. Dealers mostly purchased batteries as needed, and coupled with average export orders, to avoid inventory accumulation, the current factory operating rate was around 75%.

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