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SMM December 19 EV Battery Market Overview [SMM Evening News]
Dec 19, 2024, at 5:23 pm
SMM December 19 News: Dealers in Hubei reported that the end-use consumption of electric bicycle lead-acid batteries in the market was average. Previously, due to the rise in lead prices, the wholesale market for batteries experienced a strong price increase sentiment, and retailers purchased as needed. Currently, battery inventory stands at 7-10 days, with the main model 48V20Ah priced at 410-420 yuan per unit.
Manufacturers in Zhejiang reported that the demand for electric bicycle lead-acid batteries in the market remained relatively stable, with little difference in finished product orders compared to November. At present, factories are maintaining a produce-based-on-sales model, with an operating rate of over 80%. Additionally, raw material lead is purchased as needed.
Manufacturers in Shandong reported that the replacement demand for electric bicycle lead-acid batteries in the market was relatively weak, and dealers only purchased as needed. To avoid inventory accumulation, the current operating rate of factories is maintained at 60-70%.
