SMM May 28 Automotive Battery Market Summary [SMM Evening News]

SMM May 28 news: Dealers in Hunan reported that replacement demand in the automotive battery market remained weak, with retailers purchasing cautiously. Current battery inventory stood at nearly 2 months, and there were no signs of sales promotions in the battery wholesale market, with the mainstream model 6-QW-60Ah priced at 260-300 yuan/unit. Manufacturers in Zhejiang reported that the automotive battery market was in the off-season, with sluggish finished product orders. Coupled with obstacles in battery exports, factories maintained operating rates at 70-80% to avoid inventory accumulation. Manufacturers in Hebei reported that the off-season trend in the automotive battery market remained unchanged, with OEM orders for vehicle assembly also being limited. To ease inventory pressure, factory production line operating rates were maintained at 80%, and raw material lead was procured through long-term contracts.