SMM September 24 EV Battery Market Summary [SMM Evening News]

SMM September 24 News: Dealers in Hubei region reported that the end-use consumption of e-bike lead-acid batteries was moderate, while lead prices held up well, and there is an expectation for price increases in the battery wholesale market, with the main model 48V20Ah now priced at 400-410 yuan per set. Manufacturers in Jiangsu region stated that the demand for electric batteries remained stable, with vehicle assembly orders being moderate; currently, the operating rate of factories is maintained around 90%. Additionally, as the National Day holiday approaches, companies have basically completed their pre-holiday raw material stocking. Producers in Zhejiang region indicated that the overall demand for e-bike batteries was average, with dealers purchasing as needed. There has been no significant improvement in battery orders before the holiday, and the current operating rate of factories is between 70-80%, with lead raw materials also being purchased as needed.