SMM August 19 EV Battery Market Summary [SMM Evening Brief]

SMM August 19 News: Dealers in Hubei region reported that the e-bike lead-acid battery market is underperforming during the peak season, with slow inventory digestion. Due to weakening lead prices, the selling price of batteries struggles to rise; currently, the main model 48V12Ah is quoted at 300 yuan per set. Manufacturers in Anhui region stated that the demand for e-bike lead-acid batteries is moderate. As the traditional peak season approaches, orders for complete vehicle assemblies are improving, and the current operating rate of factories has exceeded 90%, with raw material lead being purchased as needed. Producers in Zhejiang region noted that the replacement demand for e-bike lead-acid batteries is average, with dealers only making just-in-time procurement. Battery inventories have relatively increased, and factories are expected to take a short break at the month-end.