SMM May 12 EV Battery Market Summary [SMM Evening News]

SMM May 12: Dealers in Zhejiang reported that demand in the e-bike lead-acid battery market was sluggish, with battery sales weakening. Current battery inventory stood at nearly one month, and the battery wholesale market had yet to see sales promotions, with the main model 48V12Ah priced at 280-300 yuan/set. Manufacturers in Jiangsu reported that the off-season trend in the e-bike lead-acid battery market intensified, with dealers showing poor purchasing enthusiasm. Finished battery inventory saw a buildup, and factory operating rates had dropped to around 70%, with plans to halt production for holidays going forward. Manufacturers in Jiangxi reported that replacement demand in the e-bike lead-acid battery market was sluggish, with finished product orders declining further compared to April. Current factory operating rates remained at 70%. Additionally, lead prices fell today, and on the raw material side, they were considering buying the dip.