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

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