Record Low Motive Battery Price Dampens China Lead-Acid Battery Production

BEIJING (SMM): Heightened price war in China’s motive lead-acid battery market resulted in disruptions of motive battery production, driving down operating rate at China’s lead-acid battery producers in September, SMM’s latest survey indicates.

SMM surveyed 91 major Chinese lead-acid battery producers and found that their average operating rate fell 0.63 percentage point on the month to 53.30% in September.

The prices of 48V 12Ah and 48V 20Ah motive batteries hit new lows of 248 yuan/set and 468 yuan/set, respectively, in September.

Prices of leading battery brands were on par with those of inferior brands.

Courtesy: www.metal.com