Leading Lead-acid Battery Brands Promote Actively to Tackle Poor Terminal Demand

SHANGHAI, May 4 (SMM) - Given the extending off-season, high stocks of traders and approaching Labour Day holiday, electric bicycle and car battery brands have stepped up their promotion efforts, especially in the wholesale market. For example, the offers for mainstream 48v20Ah e-bike lead-acid battery were cut to 350 yuan/set and the offers for car battery dipped 2-5%. In addition, most of the battery manufacturers planned to take 1-5 days off for the Labour Day holiday. The long holiday time discouraged some enterprises from restocking lead ingots.