SMM

SMM4 April 1: Dealers in Yunnan reported sluggish replacement demand in the automotive battery market, with slow inventory digestion. Due to manufacturers' promotional activities on batteries, the inventory after purchase is about 3 months. The main model 6-QW-45Ah is priced at 160-170 yuan per unit. Manufacturers in Hebei indicated that the automotive battery market has entered the traditional off-season, with dealers' purchasing enthusiasm declining. To avoid inventory accumulation, factories produce based on sales. Additionally, factories plan to take a day off during the upcoming Qingming Festival. Manufacturers in Guangxi reported that replacement demand in the automotive battery market has weakened, while orders for complete vehicle support remain moderate. Currently, the factory operating rate is maintained above 90%. Due to the March 3rd Festival and Qingming Festival, factories plan to take 3 days off.

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