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.

DALIAN, China, Nov. 8, 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 it will report its unaudited financial results for the third quarter ended September 30, 2021 on Friday, November 12, 2021, before the U.S. market opens. CBAK's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Friday, November 12, 2021 (9:00 PM Beijing/Hong Kong Time on November 12, 2021).

CBAK Energy to Report Third Quarter 2021 Unaudited Financial Results on Friday, November 12, 2021

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DALIAN, China, Sept. 2, 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 its participation in the following virtual investor conference - JPMorgan China EV Battery Supply Chain Forum ("JPMorgan Forum" or the "Conference").

CBAK Energy to Participate at Upcoming JPMorgan China EV Battery Supply Chain Forum

CBAK Energy Technology Inc (NASDAQ: CBAT) subsidiary Dalian CBAK Power Battery Co. has obtained performance certification from the testing, inspection, and certification company SGS for its special 26650 lithium-ion battery, designed for the ultra-low temperature application. SGS granted the Special 26650 Battery the certification after conducting various rate performance tests at temperatures between -50°C and 30°C to a sample group provided by CBAK Power.

CBAK Energy Receives SGS Certification Of Battery For Ultra-Low Temperature Application

DALIAN, China, Aug. 23, 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 its wholly-owned subsidiary Dalian CBAK Power Battery Co. ("CBAK Power") has obtained performance certification from the world's leading testing, inspection and certification company SGS for its special 26650 lithium-ion battery (the "Special 26650 Battery), specifically designed for the ultra-low temperature application. CBAK Power is the world's first company to have received such certification from SGS, an internationally recognized inspection, appraisal, testing and certification organization and a recognized globally benchmark for quality and integrity, for battery technology in ultra-low temperature environments.

CBAK Energy Announces SGS Certification of Battery for Ultra-Low Temperature Application

CBAK Energy Technology, Inc. (CBAT) CEO Yunfei Li on Q2 2021 Results - Earnings Call Transcript

DALIAN, China, Aug. 16, 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 second quarter and first half year ended June 30, 2021. Second Quarter 2021 Financial Highlights Net revenues were $5.9 million, an increase of 27% from $4.6 million in the same period of 2020.

CBAK Energy Reports Second Quarter and First Half 2021 Unaudited Financial Results

DALIAN, China, Aug. 10, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), announces a correction to its press release entitled "CBAK Energy Announces Framework Agreement to Acquire Majority Stake in Zhejiang Meidu Hitrans" issued on July 26, 2021 (the "Initial Press Release"). The Initial Press Release incorrectly stated in the 3rd paragraph that Hitrans engages in "sales of … anode materials.

CBAK Energy Announces Correction to July 26, 2021 Press Release

DALIAN, China , Aug. 6, 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 it will report its unaudited financial results for the second quarter and first half ended June 30, 2021 on Monday, August 16, 2021, before the U.S. market opens. CBAK's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, August 16, 2021 (8:00 PM Beijing/Hong Kong Time on August 16, 2021).

CBAK Energy to Report Second Quarter and First Half 2021 Unaudited Financial Results on Monday, August 16, 2021

CBAK Energy Technology Inc (NASDAQ: CBAT) subsidiary Dalian CBAK Power Battery Co., Ltd. will acquire a majority stake in Zhejiang Meidu Hitrans Lithium Battery Technology Co., a lithium-ion battery material supplier in China.

CBAK Energy Acquires 81.56% Stake In Zhejiang Meidu Hitrans For ~$24.50M

DALIAN, China, July 26, 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 entered into a framework agreement to acquire a majority stake in Zhejiang Meidu Hitrans Lithium Battery Technology Co. ("Hitrans"), a leading lithium-ion battery material supplier in China.

CBAK Energy Announces Framework Agreement to Acquire Majority Stake in Zhejiang Meidu Hitrans

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DALIAN, China, April 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, today announced its financial results for the year ended December 31, 2020. The Company intends to file its annual report containing its audited consolidated financial statements for the fiscal year ended December 31, 2020, on Form 10-K with the Securities and Exchange Commission (the "SEC") on or about April 12, 2021.

CBAK Energy Reports Fiscal Year 2020 Financial Results

CBAT stock is rising on Wednesday following a report stating that the firm will start making Tesla-specific batteries by the end of 2021. The post CBAT Stock: The Tesla Battery Speculation Energizing CBAK Energy Shares Today appeared first on InvestorPlace.

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The stock price of CBAK Energy Technology (NASDAQ: CBAT) increased by over 20% pre-market. This is why it happened.

CBAK Energy Technology Stock Price Increased Over 20% Pre-Market: Why It Happened

CBAT stock is not part of the EV revolution yet, but could prove to be a major threat in the sector in the future. The post CBAK Energy Technology Isn't the EV Play That Many Investors Think It Is appeared first on InvestorPlace.

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This electric car battery maker wants to try its hand at fuel cells.

Why CBAK Energy Stock Just Jumped 12%

DALIAN, China, March 15, 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 it has signed a memorandum of cooperation (the "Cooperation") with a leading European hydrogen energy group with 100 years of operation history (the "Hydrogen Energy Company") to promote the development of hydrogen fuel cells. As part of the Cooperation, both parties will be able to capitalize on each other's competitive advantages in technological innovation and industrial resources as well as exchange ideas on industry development.

CBAK Energy Partners with a European Hydrogen Energy Giant to Promote Hydrogen Fuel Cell Development

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Why CBAK Energy Stock Soared 16% on Friday

DALIAN, China, Feb. 10, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. ("CBAK Energy," or the "Company," NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it closed a registered direct placement of approximately $70...

CBAK Energy Announces the Closing of $70 Million Registered Direct Offering Priced At the Market Under Nasdaq Rules

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DALIAN, China, Feb. 8, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. ("CBAK Energy", or the "Company," NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has entered into a securities purchase agreement (the...

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