Summary of SMM Electric vehicle Battery Market on Oct. 31

SMM October 31: Shandong dealers reflect the electric battery market replacement demand is light, coupled with the local electric vehicles on the road governance, battery supply digestion is slow, the main model 48v20Ah in 440 yuan / group. Jiangsu dealers reflect that the electric battery market terminal consumption is general, at the same time lead prices fell sharply, the industry risk aversion is strong, mainly to digest inventory, the main model 48v12Ah in 240-250 yuan / group. Jiangxi manufacturers reflect that the electric battery market is in the off-season, coupled with weakening lead prices, cautious procurement by dealers and poor battery orders, the factory has cut production by about 10%.