SMM January 5 EV Battery Market Review [SMM Evening News]

SMM January 5: Dealers in Anhui reported sluggish consumption in the end-use market for e-bike lead-acid batteries, with no improvement in battery sales. Due to active sales promotions by manufacturers around the year-end, battery inventory exceeded one month. The main model, 48V12Ah, was priced at 300 yuan per unit. Manufacturers in Jiangxi reported weak replacement demand in the e-bike lead-acid battery market. After completing the previous year's sales plan, dealers restocked less following the holiday. Currently, factories produce based on sales, with operating rates ranging from 70% to 80%. Manufacturers in Zhejiang reported that due to the impact of the new national standard for e-bikes, consumers are still in an adaptation period, resulting in poor orders for complete vehicle supporting. During the New Year's holiday, factories were closed for four days, and production lines resumed operation today. Currently, raw material lead is primarily used to digest existing inventories.