SMM November 24 EV Battery Market Summary [SMM Evening Brief]

SMM November 24 report: Dealers in Zhejiang region reported weak end-use consumption in the e-bike lead-acid battery market, especially as lead prices pulled back recently, cooling expectations for price hikes in the wholesale battery market. The current price for the main model 48V20Ah is 400-420 yuan per set. Manufacturers in Jiangxi region noted that demand for e-bike lead-acid batteries was weak, while battery orders for three-wheelers were moderate, with stable finished product orders; currently, the operating rate of factories is at 90%, and raw material lead is purchased as needed. Producers in Jiangsu region stated that overall demand in the e-bike lead-acid battery market was average, with dealers purchasing as needed to avoid inventory buildup; the current operating rate of factories is around 80%, and raw material lead is procured through long-term contracts.