Summary of SMM Battery Market for Electric vehicles on June 3

SMM June 3-Hunan dealers reflect the electric battery market terminal consumption is depressed, coupled with weak lead prices, retailers are difficult to sell, the current inventory has been around a month, another main model 48v20Ah in 440yuan / group. Manufacturers in Shandong area reflect that the off-season of the electric battery market continues, dealers are cautious in purchasing, and finished product orders show no sign of improving for the time being. At present, the factory opening rate is around 60%, and another company maintains sales promotion for finished batteries. Manufacturers in Zhejiang reflect that the market demand for electric batteries is depressed, coupled with the weakening of lead, the mood of buying up and down in the industry is strong, the digestion of battery inventory is slow, and the current factory opening rate is only about 60%.