SMM January 21 EV Battery Market Overview [SMM Evening News]

SMM January 21 News: Dealers in the Shanxi region reported that the consumption of electric bicycle lead-acid batteries in the market is average. However, due to the increase in returning workers, battery sales are slightly better than in early January. Currently, battery inventory is approximately half a month, and the wholesale price of the main model 48V12Ah is 320-330 yuan/set. Manufacturers in the Zhejiang region reported that the electric bicycle lead-acid battery market has a strong Chinese New Year atmosphere. With the increasing number of migrant workers returning home, factories plan to take a holiday starting from January 23, and production is expected to resume on the eighth day of the first lunar month after the holiday. Manufacturers in the Shandong region reported that the demand for electric bicycle lead-acid batteries in the market is weak. Dealers have completed pre-holiday inventory stocking. Considering the logistics suspension around the Chinese New Year, the company has stocked lead ingots in advance. Additionally, the factory has ceased operations and started the holiday today.