SMM January 26 EV Battery Market Summary [SMM Evening Brief]

According to SMM on January 26, dealers in Hunan reported sluggish end-use consumption in the e-bike lead-acid battery market, with slow inventory digestion. Meanwhile, lead prices struggled to rise, and wholesale battery selling prices showed little significant change. For example, the main model 48v12Ah was priced at 300 yuan per set. In Jiangxi, manufacturers reported weak replacement demand in the e-bike lead-acid battery market, coupled with a decline in complete vehicle supporting orders. Battery orders fell compared to December, and the current factory operating rate was around 70%. Raw material lead was purchased as needed. In Shandong, manufacturers indicated overall weak demand in the e-bike lead-acid battery market, with dealers purchasing only as needed. However, raw material costs remained high, and the factory operating rate was maintained near 70%. Stockpiling of raw material lead was temporarily not considered.