SMM October 29 E-Bike Battery Market Summary [SMM Evening News]

SMM October 29: Dealers in Zhejiang reported weak end-use consumption in the e-bike lead-acid battery market, with slow inventory digestion. Although lead price increases and factory holidays led to news of price hikes in the wholesale battery market, actual selling prices saw little change, such as 48V20Ah at 400 yuan per set. Manufacturers in Anhui indicated stable demand in the e-bike lead-acid battery market, with moderate orders for complete vehicle supporting parts. Recent lead price increases have raised battery production costs, and lead ingot procurement is mostly through long-term contracts, while the operating rate of production lines stands at 80-90%. Manufacturers in Jiangsu reported moderate replacement demand in the e-bike lead-acid battery market, with dealers purchasing as needed. Finished battery inventory remains high, and due to high lead prices, battery production costs have risen significantly. Factories plan a three-day holiday at month-end.