SMM

SMM April 22 News: Dealers in Yunnan reported weak replacement demand in the automotive battery market, with no improvement in battery sales. Current battery inventory exceeds two and a half months, and the wholesale market continues to offer sales promotions, such as the main model 6-QW-60Ah at 190-200 yuan per unit. Manufacturers in Anhui indicated that overall demand in the automotive battery market is moderate, coupled with weakening exports. Currently, factories produce based on sales, with the production line operating rate at 70-80%, and raw material lead is purchased as needed. Manufacturers in Zhejiang noted that the automotive battery market has entered the traditional off-season, with new battery orders gradually decreasing and finished product inventory pressure rising. The production line operating rate has now dropped to 80%, and raw material lead is mainly procured through long-term contracts.

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