SMM December 25 EV Battery Market Overview [SMM Evening News]

SMM December 25 News: Dealers in Jiangsu reported that the end-use consumption of electric bicycle lead-acid batteries remained stable. Due to the previous expectation of battery price increases, retailers actively purchased. Currently, battery inventory is within 10 days, and the main model 48V12Ah is priced at 320-330 yuan per unit. Manufacturers in Jiangxi reported that the replacement demand for electric bicycle lead-acid batteries was moderate, with December finished product orders increasing compared to November, and battery inventory decreasing accordingly. The current operating rate of factories is above 90%. Manufacturers in Zhejiang reported that the end-use consumption of electric bicycle lead-acid batteries was moderate, with new battery orders declining compared to early in the month. Considering the customary inventory stocking by dealers before the Chinese New Year in January, the current operating rate of factories is at 80-90%, and raw lead is being purchased as needed.