SMM July 22: Dealers in Jiangsu reported that end-use consumption in the e-bike lead-acid battery market was sluggish, sales promotions were prevalent in the battery wholesale market, and the wholesale price of the main 48V12Ah model was currently 260 yuan per unit. Manufacturers in Jiangxi reported that the off-season trend in the e-bike lead-acid battery market persisted, with moderate finished product orders. Factories maintained production cuts, and the operating rate was around 70%. Manufacturers in Zhejiang reported that demand in the e-bike lead-acid battery market was weak, dealers were cautious in purchasing, and to relieve inventory pressure, factory operating rates were at 60-70%, with raw material lead procured only through long-term contracts.
