【SMM Flash News】As the Labor Day holiday approaches, some lead-acid battery manufacturers in South China have expressed their intention to suspend production and take a holiday. Among them, individual enterprises in Guangdong Province have indicated that they will take at least a 7-day holiday.

【SMM Express】As the Labor Day holiday approaches, some lead-acid battery producers in South China have expressed their intention to suspend production for the holiday. Among them, individual producers in Guangdong Province have stated that they will take at least 7 days off.

According to customs data, the import volume of lead-acid batteries from January to February 2024 was 827,100 units, a year-on-year increase of 50.59%; the export volume of lead-acid batteries from January to February 2024 was 38.8001 million units, a year-on-year increase of 27.14%.

The average capacity utilisation rate of sample lead-acid battery companies recorded 68.63% in December with a combined output of around 19.86 million kVAh, down 2.47 percentage points month-on-month and 6.68 percentage points year-on-year. The survey covered 48 producers with the total monthly capacity of 28.94 million KVAh.