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SMM March 20 EV Battery Market Summary [SMM Evening News]
Mar 20, 2025, at 8:56 am
SMM March 20 Update: Dealers in Anhui report low end-use consumption in the e-bike battery market. With the implementation of e-bike trade-in subsidies, sales of batteries for new vehicles have improved somewhat, but replacement demand has weakened. Currently, they are only restocking the required models as needed, with inventory levels maintained at around 20 days. Manufacturers in Jiangxi note that the e-bike battery market is entering the traditional off-season, and dealers are being cautious with purchases. To avoid a buildup of battery inventory, current operating rates at factories are 70-80%, with raw material lead being purchased as needed. Producers in Zhejiang indicate average demand for e-bike batteries. The price of lead is fluctuating upward, raising production costs. Due to expectations of an off-season from March to April, battery selling prices are expected to struggle to rise, and future pricing will be determined based on market changes.
