SMM

        During the Labour Day holiday, some dealers in certain regions implemented sales promotions on batteries to reduce inventory pressure, mainly through "buy * get * free" activities. For example, the wholesale price of the main model of e-bike lead-acid battery, 48V12Ah, dropped to 280-290 yuan per set. After the Labour Day holiday, end-use consumption in the lead-acid battery market remained sluggish, and dealers maintained a purchasing as needed approach post-holiday. Additionally, producers largely resumed production after the holiday, but with falling lead prices, the market sentiment was cautious. Downstream enterprises primarily engaged in just-in-time procurement, and the spot lead market generally shifted to trading at a discount.