Impact of New National Standards on Consumption Lead-acid Battery Companies Intend Production Cuts [SMM Lead-acid Battery Weekly Operation Commentary]

        It is understood that the operating rate of SMM's five-province lead-acid battery enterprises for the week of December 12-18, 2025, was 74.23%, down 0.41 percentage points WoW.

Since December, the new national standard for e-bikes has been officially implemented in the end-use market, but actual consumption did not significantly improve due to the increase in vehicle weight. Instead, as consumers are in an adjustment period, the decline in e-bike sales has dragged down battery consumption. Some lead-acid battery enterprises have already slightly cut production or plan to cut production, leading to a weaker operating rate for lead-acid battery enterprises this week. Additionally, the automotive battery market has entered its traditional peak consumption season. Apart from some export-oriented enterprises experiencing poor orders due to tariffs and other factors, the operating rates of other medium and large enterprises have remained relatively stable.