[SMM Weekly Review] The market price of second-life application rose slightly this week (August 4, 2025 - August 7, 2025)

Published: Aug 7, 2025 15:31

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From the overall data analysis, the rigid demand in the ESS sector remained stable at month-end July, with both domestic and overseas demand supported by mid-year factors and various policies. The penetration rate of NEVs in the market remained stable. However, the auto sales boom driven by auto shows in the early stage of July gradually faded away, and currently, the consumption momentum in the end-use market is insufficient.

SMM News on August 7:

Second-life application situation this week:

From an overall data analysis perspective, rigid demand in the ESS sector remained stable at month-end July, with both domestic and overseas demand receiving certain support from mid-year and various policy measures. The penetration rate of NEVs in the market remained stable. However, the auto sales boom driven by auto shows in the early part of July gradually faded, and currently, the end-use market lacks sufficient consumption momentum. Due to the rise in lithium carbonate prices, battery cell prices increased to some extent, and this increase was transmitted to the power battery cell segment, resulting in a slight rise in battery cell prices. In terms of market transactions, as of month-end July, market transactions remained sluggish. Some second-life battery producers basically did not build up much inventory and maintained a just-in-time procurement strategy. There will be a certain increase in demand from end-users, but overall consumption momentum remains insufficient. After July, there is further room for demand in the NEV and ESS markets to decline in August.

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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