Summary of SMM Automotive Battery Market on April 16

SMM4 16: Hebei dealers reflect that the automotive battery market replacement demand is light, battery inventory digestion is slow, the recent battery wholesale market promotion atmosphere is strong, such as the main model 6-QW-100Ah in 280-300 yuan / only. Guangdong manufacturers reflect the average consumption of automotive battery market, coupled with the setback of export orders due to the epidemic, battery inventory has increased, the current factory operating rate has dropped to 50-60%. Zhejiang manufacturers reflect poor demand for automotive batteries, coupled with supporting orders are not prosperous, battery orders continue to be in the doldrums, the current factory operating rate of about 70%, raw materials lead to long single procurement.

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