SMM December 19 EV Battery Market Review [SMM Evening News]

SMM December 19 News: Dealers in Jiangsu region reported sluggish replacement demand for e-bike batteries, with sales declining compared to November. Current battery inventory stands at around one month, and the main model 48V12Ah is priced at 300-310 yuan per set. Manufacturers in Jiangxi region noted that overall demand for e-bike batteries was weak, and with lead prices falling, dealers were cautious about purchasing. Recently, factory operating rates have been gradually reduced to between 70-80%, and raw material lead is being used as needed. Producers in Zhejiang region indicated that consumption of e-bike batteries had slowed, especially after the implementation of the new national standard, leading to a decline in demand for new vehicles and a concurrent drop in orders for battery sets. Currently, factory operating rates are maintained at around 80%, and raw material lead is purchased as needed.