Summary of SMM Battery Market for Electric vehicles on June 4

SMM June 4-Hubei dealers reflect the electric battery market terminal consumption is light, dealers slow digestion of the source of goods, the current wholesale market promotion frequent, such as the main model 48v20Ah as low as 430yuan / group. Manufacturers in Jiangxi region reflect that the overall demand of the electric battery market is poor, coupled with the low lead situation, and the purchasing enthusiasm of dealers is not high. At present, the company continues to promote finished batteries, and the operating rate of other factories is maintained at about 60%. Dealers in Shandong region reflect that the off-season of the electric battery market continues, coupled with the drag of the new national standard of electric vehicles, dealers purchase cautiously, battery inventory pressure is greater, the current factory start-up rate of about 50%.