A Summary of SMM Battery Market for Electric vehicles on July 19

SMM July 19: dealers in Jiangsu Province reflect that the electric battery market has been benefited by the rise in lead prices, risk aversion in the industry has eased, battery sales have improved, and the wholesale price of the main model 48v20Ah is in the 440,450 yuan / group. Zhejiang manufacturers reflect the general market demand for electric batteries, and due to the rise in lead prices and battery prices, dealers purchase actively, battery inventory has returned to the normal level, the current factory operation rate is maintained at about 70%. Manufacturers in Jiangxi region reported that due to the strong rise in lead prices, stimulating the mood of dealers to buy, finished product orders have improved, while the market consumption of electric batteries has not improved significantly for the time being. Factories are not planning to increase production for the time being, with a start-up rate of 60 to 70 percent.