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

Published: Jul 10, 2025 18:30

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From an overall data analysis perspective, 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 factors and various policies. Currently, the auto sales boom driven by auto shows in the early part of July is gradually fading, with the penetration rate of NEVs in the market remaining stable. However, the current consumption momentum in the end-use market is insufficient. 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, market transactions remained sluggish, with some second-life battery producers largely refraining from building up inventory and maintaining a just-in-time procurement strategy. As July progresses, after the mid-year period, there is further room for a decline in demand in both the NEV and ESS markets.

SMM July 10 News:

Second-life batteries: Based on overall data analysis, the rigid demand in the ESS sector remained stable at month-end 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 June gradually faded, with the penetration rate of NEVs in the market remaining stable. Currently, the consumption momentum in the end-use market is insufficient. 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. Some second-life battery producers basically did not build up much inventory and maintained a just-in-time procurement strategy. As July arrives, after the mid-year period, there is further room for demand in the NEV and ESS markets to decline.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 021-20707875

Zhicheng Zhou 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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