SHANGHAI, Jul. 3 (SMM) – Price war between leading battery producers has intensified further, SMM stated.
The fierce competition left 48v12Ah motive battery prices at 240-280 yuan in whole market, widening price gap between the same brand batteries. Less known 48v12Ah battery prices dropped slightly to 220-290 yuan, SMM understood.
Automotive battery market remained quiet compared with intense price war in motive battery market.
Automotive battery sales stayed low because of slow battery replacement and poor demand for auto with domestic slow economy. Distributors rushed to promote sales. Inventories at small and mid-sized producers declined due to their previous production halt. Hence, a small number of makers have recovered production with operating rate at 30-50%.