[SMM Weekly Review] Second-life Application Market Demand Remains Stable This Week (2025.8.18-2025.8.21)

Published: Aug 21, 2025 16:53

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From an overall data analysis perspective, the sales momentum of new energy vehicles in early August pulled back. However, as automakers began to stockpile heavily during the September-October peak season, the supply of end-of-life batteries in the market remained stable. Demand from end-use applications was limited. In terms of market transactions, by month-end, trading activities were still sluggish. Some second-life battery producers maintained a low inventory strategy and made just-in-time procurement.

SMM August 21 News:

Second-life application market situation this week:

Overall, the rigid demand for second-life applications remained stable at the end of August, with domestic and overseas markets receiving some support due to the policy transition period. The sales momentum of new energy vehicles gradually faded in early August, while the supply of end-of-life batteries in the market stayed steady. Demand from end-use applications was mediocre, and limited growth is expected going forward. The previous rise in lithium carbonate prices was passed on to battery cells, leading to a slight increase in battery cell prices. Second-life battery cell prices also saw a minor uptick, but overall, the market maintained a balance between supply and demand. Transactions followed the market trend, and it is anticipated that future price increases for second-life battery cells will be limited. Market transactions remained sluggish, with some second-life battery producers continuing to operate with low inventory levels, focusing mainly on essential purchases.

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

Lei Yue 021-20707873

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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