Monthly report: Small power battery gradually enters a seasonal lull (4.21-4.28)

Lithium battery market performs steady overall this week. 

Digital battery market performance has been at modest level, although compared to last year, the scope of the market is contracting. On the small power battery side, market performance is gradually weakening toward the end of April and the situation is expected to continue into August. Meanwhile, according to the estimation of industry people, market scope of small power battery would see a 20-30 percent growth compared to last year, and the overall industry has been on an upward trend. On the vehicle power battery side, there is no obvious improvement so far and weather the market will pick up remains to be seen in May.