SMM

SMM July 15th news: There has been no significant improvement in the replacement demand for e-bike lead-acid battery market. Dealers are mainly focused on digesting inventories. Meanwhile, due to the previous rise in lead prices, first-tier brands have issued multiple price increase notices, and dealers have also raised their wholesale prices accordingly. However, with the recent consecutive decline in lead prices, there is a strong sentiment of risk aversion within the industry. High-priced batteries are not selling well, and some regions are maintaining sales at the "original price," with 48V20Ah batteries priced at 400-430 yuan/set.

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