[SMM Weekly Review] This week, the market price of second-life application remained stable with a slight upward trend (July 14-17, 2025)
From an overall data analysis perspective, rigid demand in the ESS sector remained stable at month-end June, with both domestic and overseas demand receiving certain support from mid-year factors and various policies. Currently, the auto sales boom driven by the auto show in the early stage of July is gradually fading away. The penetration rate of NEVs in the market remains stable, and currently, the consumption momentum in the end-use market is insufficient. It is expected that there will be a certain increase in end-use demand, but it will be relatively limited. In terms of market transactions, as of month-end June, market transactions remained sluggish, with some second-life battery producers basically not building up much inventory and maintaining a just-in-time procurement strategy. By July, after the mid-year period, there is further room for demand in the NEV and ESS markets to decline.