SMM EV Battery Market Review [SMM Evening News]

SMM October 27: Dealers in Hunan reported weak end-user consumption in the e-bike lead-acid battery market, with slow inventory digestion. Although lead price increases have led to news of price hikes in the wholesale battery market, actual selling prices struggle to catch up, such as the main model 48V20Ah at 400 yuan per set. Manufacturers in Zhejiang indicated moderate consumption in the e-bike lead-acid battery market, with dealers holding high battery inventories and new battery orders relatively weak. Meanwhile, lead prices fluctuate at highs, creating significant cost pressure on battery production. Currently, factories are expected to cut production, with operating rates falling below 70%. Manufacturers in Jiangsu reported weak demand in the e-bike lead-acid battery market and low purchasing enthusiasm among dealers. To avoid accumulation of finished product inventories, the company plans to suspend operations for 2–3 days recently and temporarily halt lead ingot procurement in the short term.