SMM June 23 EV Battery Market Overview [SMM Evening News]

SMM reported on June 23: Dealers in Shandong reflected that end-use consumption in the e-bike lead-acid battery market was sluggish, with multiple brands implementing sales promotions, creating a strong promotional atmosphere in the battery wholesale market. For example, the wholesale price for the main model 48V20Ah was 380 yuan per set. Manufacturers in Jiangxi reported that the off-season trend in the e-bike lead-acid battery market persisted, with dealers showing low procurement enthusiasm. After the holiday, battery orders did not improve, and the factory's operating rate is currently around 70%, with raw material lead mainly being used to digest inventories. Manufacturers in Zhejiang reported that replacement demand in the e-bike lead-acid battery market was weak, and matching orders for complete vehicles were also scarce. Currently, the factory produces based on sales, with the production line operating rate at 70-80%. Additionally, as they had already stockpiled inventory during the earlier period when lead prices fell, there is no plan to purchase in the short term.