SMM Market Overview of EV Batteries on July 21 [SMM Evening News]

SMM July 21 news: Dealers in Hunan province reported that there was no significant change in end-use consumption in the e-bike lead-acid battery market, and recent sales were still mainly focused on digesting inventories. Currently, battery inventories are around a 10-day supply, and the wholesale price for the main model 48V12Ah is 300 yuan/set. Manufacturers in Jiangsu province reported that the replacement demand in the e-bike lead-acid battery market had relatively improved, with dealers purchasing as needed. Considering the traditional peak season in Q3, the current factory operating rate has rebounded to over 80%. Manufacturers in Jiangxi province reported that the overall demand in the e-bike lead-acid battery market was average, with no significant improvement in finished product orders. To avoid inventory accumulation, the current factory operating rate is at 70-80%, and raw material lead is purchased as needed.