SMM January 14 EV Battery Market Summary [SMM Evening News]

SMM January 14 News: Dealers in Jiangsu reported that the e-bike lead-acid battery market is in the replacement off-season, making battery inventories difficult to sell. Although lead prices rose, the selling price of batteries struggled to catch up. Current battery inventory exceeds one month, and the wholesale price for the main model 48V20Ah is 410 yuan per set. Manufacturers in Jiangxi indicated that overall demand in the e-bike market is weak, including both new vehicle supporting demand and battery replacement demand, which declined simultaneously. Battery orders in January were poor, and the current factory operating rate is maintained around 80%. Further production cuts cannot be ruled out subsequently. Manufacturers in Zhejiang reported sluggish replacement demand in the e-bike market, with dealers digesting inventories slowly and poor procurement enthusiasm. To alleviate inventory pressure, the current factory operating rate is 70-80%, and raw material lead is primarily used to digest existing inventories.