SMM November 4 EV Battery Market Summary [SMM Evening News]

SMM November 4: Dealers in Zhejiang reported weak end-use consumption in the e-bike lead-acid battery market, with retailers purchasing as needed. Current battery inventory is around one month. Additionally, the wholesale market for batteries struggled to catch up with price increases, with the main model 48V20Ah at 400 yuan per set. Manufacturers in Jiangsu indicated that replacement demand in the e-bike lead-acid battery market has weakened, and new orders have declined compared to October. To avoid inventory accumulation, the current operating rate at factories is around 80%, and raw material lead is purchased as needed. Manufacturers in Jiangxi noted that overall demand in the e-bike lead-acid battery market is moderate, compounded by increased substitution from alternatives such as lithium batteries and the replacement of old products with new ones. The current operating rate for battery production lines is 70-80%, and raw material lead is primarily used to digest inventories.