CBAK Energy Technology Inc

CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium-ion rechargeable batteries. Its products are used for electronic vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and high-power applications. It operates through the CBAK and Hitrans segments. The CBAK segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium-ion rechargeable batteries for use in a wide array of applications. The Hitrans segment covers the development and manufacturing of NCM precursor and cathode materials. The company was founded in October 4, 1999 and is headquartered in Dalian, China.

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CBAK Energy Technology posts robust Q2 results, eyes growth opportunities

CBAK Energy Technology demonstrated strong financial performance, marked by revenue growth, improved gross margins, and increased net profit.
The company's new battery model and operational efficiency in the battery business are key strengths driving growth.
Challenges lie in segment-specific revenue generation and maintaining margins, while opportunities abound in order backlog and market expansion.

CBAK Energy reports Q3 revenue dip, eyes overseas expansion opportunities

CBAK Energy's Q3 performance saw revenue declines in some segments but overall growth in 9-month revenue, maintaining profitability and showcasing operational efficiency.
Strengths lie in high gross profit margins, early profitability at Nanjing factory, innovation in new battery models, and strong order pipeline.
Challenges include revenue declines in key segments and operational disruptions, while opportunities arise from overseas expansion, capacity growth, and market demand for new products.
Balancing challenges with strengths and seizing opportunities will be crucial for CBAK Energy to sustain growth and profitability in the evolving battery market.

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CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium-ion rechargeable batteries. Its products are used for electronic vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and high-power applications. It operates through the CBAK and Hitrans segments. The CBAK segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium-ion rechargeable batteries for use in a wide array of applications. The Hitrans segment covers the development and manufacturing of NCM precursor and cathode materials. The company was founded on October 4, 1999 and is headquartered in Dalian, China.

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NEW YORK , May 31, 2022 /PRNewswire/ -- On May 19, 2022, CBAK Energy Technology, Inc. (Nasdaq: CBAT), a leading China-based lithium-ion battery manufacturer and electric energy solution provider released its first quarter earnings ended March 31, 2022. Momentous Revenue Growth   CBAT kicked off 2022 with net revenues in 1Q-2022 surging more than eight-fold year-over-year to reach $80.2 million; of which, $65 million was from lithium battery cells materials business acquired from Hitran's merger completed in 4Q-2022.

Effective Growth Strategy To Counter Raw Material Price Hikes Challenges With Supply Chain Integration Supported By Strong Market Demands & Increased Production Capacity

CBAK Energy Technology, Inc. (NASDAQ:CBAT ) Q1 2022 Earnings Conference Call May 19, 2022 8:00 AM ET Company Participants Thierry Li - Investor Relations, Director Yunfei Li - CEO Xiangyu Pei - Interim Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen, thank you for standing by, and welcome to CBAK Energy Technology First Quarter 2022 Earnings conference call. Currently, all participants are in listen-only mode.

CBAK Energy Technology, Inc. (CBAT) CEO Yunfei Li on Q1 2022 Results - Earnings Call Transcript

– Net revenues up 752% year over year in the first quarter – DALIAN, China , May 19, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Net revenues were $80.2 million, an increase of 752% from $9.4 million in the same period of 2021.

CBAK Energy Reports First Quarter 2022 Unaudited Financial Results

DALIAN, China , May 16, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2022 on Thursday, May 19, 2022, before the U.S. market opens. CBAK's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, May 19, 2022 (8:00 PM Beijing/Hong Kong Time on May 19, 2022).

CBAK Energy to Report First Quarter 2022 Unaudited Financial Results on Thursday, May 19, 2022

CBAK Energy Technology, Inc. (NASDAQ: CBAT) received an order from a European provider of heating, cooling, and renewable energy systems for a supply of lithium-ion batteries worth EUR 28.2 million ($29.3 million). CBAK Energy is expected to ship ~13.9 million units of batteries to.

Why CBAK Energy Shares Are Trading Higher Today

DALIAN, China, May 13, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that the Company has received an order from a leading European provider of heating, cooling and renewable energy systems (the "Customer"), for a supply of lithium-ion batteries worth EUR 28.2 million ($29.3 million). Pursuant to the order, CBAK Energy will ship approximately 13.9 million units of batteries to the Customer.

CBAK Energy Obtains $29 Million Battery Order from European Customer

DALIAN, China , April 22, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that the Company is aware of the fact that it was provisionally identified by the U.S. Securities and Exchange Commission (the "SEC") under the Holding Foreign Companies Accountable Act (the "HFCAA") on April 21, 2022. The identification was anticipated by the Company as a routine HFCAA application that follows CBAK Energy's filing of an annual report on Form 10-K for the fiscal year ended December 31, 2021 with the SEC on April 15, 2022.

CBAK Energy Releases Status Update on SEC Announcements Under Holding Foreign Companies Accountable Act

NEW YORK , April 21, 2022 /PRNewswire/ -- CBAK Energy (Nasdaq: CBAT) released its fourth quarter and full year earnings ended Dec. 31, 2021 on April 14, 2022. 2021 marked a major year for CBAK Energy as the Company gained significant traction across its product lines, powered by strengthened technology and product competitiveness, and amplified by further expanded production capacity catered to increasing battery demands for light electric vehicles ("LEV") and electric vehicles ("EV").

CBAT - 2021 Marked A Year of Turnaround, Backed By Strong Market Demands, Increasing Production Capacity & Integrated Supply of Lithium-Battery Materials

--Net Revenues up 80% year over year in the fourth quarter – --Full-Year Net Revenues up 40% year over year in 2021– --CBAK Energy turns to profitability in 2021 DALIAN, China , April 14, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights Net revenues were $27.8 million, an increase of 80% from $15.4 million in the same period of 2020.

CBAK Energy Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results

DALIAN, China , April 11, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2021 on Thursday, April 14, 2022, before the U.S. market opens. CBAK's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, April 14, 2022 (8:00 PM Beijing/Hong Kong Time on April 14, 2022).

CBAK Energy to Report Fourth Quarter & Full year 2021 Unaudited Financial Results on Thursday, April 14, 2022

DALIAN, China, March 17, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced financial highlights of Zhejiang Hitrans Lithium Battery Technology Co. ("Hitrans"), a leading lithium-ion battery material supplier in China that CBAK Energy has completed an acquisition of 81.56% of its equity stake, for the first nine months of 2021. Hitrans's revenues were $97.9 million in the first three quarters of 2021, roughly four times CBAK Energy's revenues in the same period.

CBAK Energy Announces Hitrans's Revenues Reach Almost $100 Million in First Nine Months of 2021 Before Acquisition Closes, Four Times Their Own Revenues in Same Period

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CBAK Energy Technology Inc (NASDAQ: CBAT) subsidiary CBAK New Energy (Nanjing) Co., Ltd. has agreed with AZAPA R&D China to develop a customized battery pack for the Sino-Japan joint venture.

CBAK Energy Inks Agreement With AZAPA R&D China To Develop Customized Battery Pack

DALIAN, China, Dec. 21, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its wholly-owned subsidiary CBAK New Energy (Nanjing) Co., Ltd. ("CBAK Nanjing") has entered into an agreement with AZAPA R&D China ("AZAPA") to develop a customized battery pack for the Sino-Japan joint venture that designs and produces electronic control systems and battery and control systems for electric vehicles.

CBAK Energy Enters into Agreement with AZAPA R&D China for Developing Customized Battery Pack

-, Dec. 20, 2021 /PRNewswire/ -- Founded in 2001 and headquartered in Dalian, China, CBAK Energy Technology Inc. (Nasdaq: CBAT) develops, manufactures and sells rechargeable lithium-ion batteries currently applicable to household energy storage and Light Electric Vehicles (LEV), and is building production capacity targeting the Passenger Electric Vehicle (EV) markets. CBAT primarily operates in China, and has business exposures to Europe, South Korean, Israel and U.S.  CBAT was listed on Nasdaq in 2006 as the 1st US-listed Chinese lithium-ion battery producer.

Gearing Up Capacity For The Growing Energy Storage/LEV/EV Markets

Chinese's regulatory crunch hasn't hurt CBAK Energy today. CBAT stock is soaring for unclear reasons.

CBAT Stock Alert: 7 Things to Remember About CBAK Energy as Shares Surge Tuesday

DALIAN, China, Nov. 29, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its wholly-owned subsidiary Dalian CBAK Power Battery Co., Ltd. ("CBAK Power") has completed its previously announced acquisition of a majority stake in Zhejiang Hitrans Lithium Battery Technology Co. ("Hitrans"), a leading lithium-ion battery material supplier in China formerly known as Zhejiang Meidu Hitrans Lithium Battery Technology Co. Upon closing of the transaction, CBAK Power is now the largest shareholder of Hitrans owning 81.56% of its equity.

CBAK Energy Completes Majority Stake Acquisition of Hitrans

CBAK Energy Technology

CBAK Energy Technology Inc (NASDAQ: CBAT) commenced operations at its lithium battery manufacturing plant in Nanjing in China's Jiangsu province. The plant is equipped with an initial annual capacity of 0.7 GWh for the company's new 32140 battery model that targets the light electric vehicle (LEV) and electric vehicle sectors.

CBAK Energy Begins Operations At Nanjing Lithium Battery Manufacturing Facility

DALIAN, China, Nov. 19, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that the Company had begun operations at its lithium battery manufacturing plant in the city of Nanjing in China's Jiangsu province. The plant is equipped with an initial annual capacity of 0.7 GWh for the Company's new 32140 battery model that target the light electric vehicle ("LEV") and electric vehicle sectors.

CBAK Energy Commences Operation of Nanjing Lithium Battery Manufacturing Facility

CBAK Energy Technology's (CBAT) CEO Yunfei Li on Q3 2021 Results - Earnings Call Transcript

CBAK Energy Technology Inc (NASDAQ: CBAT) reported third-quarter FY21 net revenues of $9.56 million, a decline of 10% year-over-year. Revenues from high-power lithium batteries totaled $9.56 million, representing 51% Y/Y growth.

CBAK Energy Clocks 10% Revenue Decline In Q3

DALIAN, China, Nov. 12, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Net revenues were $9.6 million.

CBAK Energy Reports Third Quarter 2021 Unaudited Financial Results

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The stock price of CBAK Energy Technology Inc (NASDAQ: CBAT) increased by over 45% during intraday trading today. This is why it happened.

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