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SMM March 3 EV Battery Market Overview [SMM Evening News]
Mar 03, 2025, at 5:02 pm
SMM reported on March 3: Dealers in Hunan province reported that the end-use consumption of e-bike lead-acid batteries in the market remains weak, with battery inventory depleting slowly. Currently, battery inventory is around one month, and the wholesale price of the main model 48V12Ah is 310 yuan per unit. Manufacturers in Zhejiang province reported that the replacement demand for e-bike lead-acid batteries in the market is moderate. After the holiday, dealers mainly restock based on immediate needs. In March, promotional activities for new batteries are expected to be implemented, and the factory operating rate is close to full capacity. Meanwhile, raw material lead is purchased as needed. Manufacturers in Jiangxi province reported that the demand for e-bike lead-acid batteries in the market is stable, with no significant changes in March orders. At the same time, lead prices are fluctuating upward. To avoid inventory accumulation, factories produce based on sales, with production line operating rates at 70-80%.
