SMM November 10 EV Battery Market Summary [SMM Evening News]

SMM November 10 News: Dealers in Jiangxi reported that replacement demand in the e-bike market is moderate, with slow digestion of battery inventory; current inventory is about one month. Additionally, as lead prices strengthened recently, the atmosphere for price increases in the battery wholesale market is strong, with some wholesale prices rising by 10-20 yuan per set—for example, the main model 48V20Ah is quoted at 420 yuan per set. Manufacturers in Jiangsu indicated that consumption in the e-bike lead-acid battery market has relatively weakened, with November orders declining MoM. Meanwhile, due to high lead prices, to avoid inventory accumulation, factory operating rates have been reduced to 80-90%, and raw material lead is purchased as needed. Manufacturers in Zhejiang reported that overall demand in the e-bike lead-acid battery market is moderate, with dealers purchasing cautiously. Although rising lead prices have increased battery costs, whether to raise selling prices still depends on the moves of top-tier enterprises; currently, factory production line operating rates are maintained around 80%.