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SMM February 19 EV Battery Market Overview [SMM Evening News]
Feb 19, 2025, at 4:35 pm
SMM February 19 News: Dealers in Zhejiang reported that the market demand for e-bike lead-acid batteries remains moderate, with relatively small changes in battery sales. Currently, battery inventory is maintained at less than half a month, and the wholesale price of the main model 48V12Ah is 310-320 yuan/group. Manufacturers in Jiangsu indicated that the market demand for e-bike lead-acid batteries is relatively weak, with limited improvement in finished product orders after the Chinese New Year. To avoid inventory accumulation, the current factory operating rate is around 60%, and raw material lead is purchased as needed. Manufacturers in Jiangxi reported that the market demand for e-bike lead-acid batteries is average. Factories resumed operations as planned after the holiday, with relatively improved orders. However, lead prices remain at high levels with fluctuations, and battery selling prices struggle to catch up. Currently, production is based on sales, with an operating rate near 70%.
