The battery prices continued to decline in August, and the overall market run weakly, with prices hovering in the bottom range. At present, the prices of N-type 183 and 210 batteries are basically at the level. Battery companies were struggling to maintain operations at current prices, and Tongwei's acquisition of Runergy for Yuan 5 billion was e a major signal for the merger and restructuring of the battery sector. In August, there was still an oversupply of battery cells, and battery companies suffered continuous losses. Battery companies carried out operations such as reducing or suspending production in order to maintain cash flow, and the market sentiment was relatively pessimistic.
Samples: According to Mysteel data, it includes 19 battery cell enterprises in China.
Edited by Cassie Li, lixiangying@mysteel.com