On August 29, at the 5th Atomizer Industry Chain Exhibition, reporters communicated with a number of vape battery suppliers to understand the current status of the industry.
An exhibitor with more than 20 years of experience in the battery industry told reporters that despite the current intensified industry competition, the vape business still has a certain profit margin, allowing the company to continue to invest resources in industrial layout and technical research.
At the exhibition site, the company’s display cabinets were filled with soft-pack batteries and cylindrical batteries of different specifications. The relevant person in charge of the company said that although the cost of soft-pack batteries is slightly higher than that of cylindrical batteries, their design is more suitable for the currently popular screen-equipped vapes, so the related demand has continued to grow.
Facing the changes in the vape industry in recent years, the person in charge described “the vape industry as an industry with great ups and downs”, and the demand for vape batteries is like a “roller coaster”. With the intensification of supply chain competition, the future profit margin may be further compressed.
At the same time, the company is considering expanding into other industry tracks to adapt to market changes and challenges. But he believes that the battery industry still has a lot of room for development, and the application of vapes is just a branch of it.
Another battery company participating in the exhibition for the first time told 2Firsts that although it has established a cooperative relationship with leading companies in the industry, the battery industry is currently facing the challenges of fierce market competition and shrinking profit margins. Therefore, the company strategically regards vape batteries as a new business development direction, while continuing to pay attention to and focus on the field of small power batteries.
Therefore, the company did not display soft-pack battery products at the exhibition. The most important consideration is the capital cost of introducing production lines. According to him, the cost of introducing a battery production line is now as high as 10-20 million, which makes the company more cautious in its product strategy.
The reporter noticed that compared with last year’s exhibition, the number of battery manufacturers participating this year has decreased. With the intensification of market competition, many battery companies have stated that they are working hard on cost control and product innovation to meet the challenges of the industry in the future.
In the vape industry, batteries, as a vital component, are also facing changes and challenges. With the rapid development of the vape industry, the demand for vape batteries continues to grow, especially soft-pack batteries, which have become a highly sought-after product in the market.
It was observed at the exhibition that the number of participating battery manufacturers decreased compared with last year, which shows that market competition is intensifying and companies are working hard to control costs and innovate products to better meet the challenges of the industry in the future. As a leading brand that pays attention to the development of the industry, Veehoo will continue to pay attention to changes in the vape battery market, ensure that consumers are provided with safe and reliable vape products, and cooperate with reliable battery suppliers to meet market demand and enhance user experience.
Tags: vape battery profits continue to shrink，vape soft-pack batteries，veehoo vape
