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.

Meeting Surging Demand for Lithium-ion Batteries with Cost-Effective Expansion DALIAN, China , July 21, 2023 /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 subsidiary, Dalian CBAK Power Battery Co., Ltd. ("Dalian CBAK"), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the "Shangqiu City") and partnering entities (the "Lessor").

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

DALIAN, China , July 10, 2023 /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 subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic agreement with Guangzhou Echom Science & Technology Co., Ltd.

CBAK Energy Announces a 3-year Strategic Partnership for RMB 180 Million Lithium-Ion Battery Order with Echom

-  Becoming the First Company to Achieve Mass Production and Commercialization of Large Cylindrical Sodium Batteries DALIAN, China , June 28, 2023 /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 it has entered into strategic agreements with HiNa Battery, a unicorn and leading player in the sodium electricity industry, and Hello Tech, the parent company of Jackery, a premier global portable power supplier, respectively. In accordance with the strategic agreement between CBAK Energy and HiNa Battery, a dedicated segment of CBAK Energy's sodium-ion battery production line will be allocated for HiNa Battery's use.

CBAK Energy Enters Into Strategic Agreements with HiNa Battery and Hello Tech

DALIAN, China , June 26, 2023 /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, previously announced its first Corporate Open Day to be held on Wednesday, June 28, 2023, Beijing Time and today provides additional details about the event, including simultaneous webcast access for a product launch that will be showcased during the Corporate Open Day.  The Corporate Open Day will open with a product launch hosted by Mr.

CBAK Energy to Host its Inaugural Corporate Open Day on June 28, 2023 and Announces Webcast Access Details

Total orders from Viessmann in 2022 and 2023 have reached EUR176.1 million DALIAN, China , June 15, 2023 /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 worth EUR116.5 million (approximately USD124.5 million) of lithium-ion batteries from the Viessmann Group ("Viessmann"), a leading European provider of heating, cooling, and renewable energy systems, for 2024. CBAK Energy has been supplying lithium-ion batteries to Viessmann since 2020.

CBAK Received Order From Viessmann Group for EUR116.5 Million of Lithium-Ion Batteries for 2024

Secured RMB25 million in funding from Hello Tech for Sodium-ion Battery R&D Program Hello Tech, as CBAK Energy's first client for sodium-ion batteries with orders potentially worth several hundred million RMB, bolsters the Company's position as a pioneer in the commercialization of sodium-ion batteries DALIAN, China , June 1, 2023 /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 it has entered into a strategic agreement to advance its sodium-ion battery R&D program ("the Agreement") with Shenzhen Hello Tech Energy Co., Ltd. ("Hello Tech") (Shenzhen Stock Exchange: 301327), the parent company of Jackery, a global leading portable power supplier.

CBAK Partners with Hello Tech, the parent company of Jackery, a premier global portable power supplier, to Advance Sodium-ion Battery R&D

DALIAN, China , May 17, 2023 /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 it will host a Corporate Open Day on Wednesday, June 28, 2023, Beijing Time. As one of the few companies worldwide capable of mass-producing sodium-ion batteries on a large scale, CBAK Energy is an industry pioneer.

CBAK Energy to Host Corporate Open Day Showcasing State-of-the-Art Sodium-Ion Batteries

CBAK Energy Technology, Inc. (NASDAQ:CBAT ) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Thierry Li - Investor Relations Director Yunfei Li - Chief Executive Officer Xiangyu Pei - Interim Chief Financial Officer Xiujun Tian - General Engineer Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to the CBAK Energy Technology's First Quarter 2023 Earnings Conference Call.

CBAK Energy Technology, Inc. (CBAT) Q1 2023 Earnings Call Transcript

DALIAN, China , May 10, 2023 /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 2023 ended March 31, 2023. First Quarter of 2023 Financial Highlights Net revenues from sales of batteries were $29.60 million, up by 97.1% from $15.02 million in the same period of 2022.

CBAK Energy Reports First Quarter 2023 Unaudited Financial Results

DALIAN, China , May 2, 2023 /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 it will report its unaudited financial results for the first quarter ended March 31, 2023 on Wednesday, May 10, 2023, before the U.S. market opens. The earnings results will be available on the Company's Investor Relations website, and also will be filed with the Securities and Exchange Commission on a Form 8-K.

CBAK Energy to Report First Quarter 2023 Unaudited Financial Results on Wednesday, May 10, 2023

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, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK") has recently secured substantial orders worth approximately RMB18.60 million, or $2.71 million from Shenzhen PowerOak Technology Co., Ltd. ("PowerOak"). PowerOak is the parent company of BlueTTI, a top-rated brand in the global market for portable power supply solutions.

CBAK Energy Announces Battery Orders from PowerOak, Parent Company of Top-Rated Portable Power Brand BlueTTI

CBAK Energy Technology, Inc. (NASDAQ:CBAT ) Q4 2022 Earnings Conference Call April 11, 2023 8:00 AM ET Company Participants Thierry Li - Investor Relations Director Yunfei Li - Chief Executive Officer 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's Fourth Quarter and Full Year 2022 Earnings Conference Call.

CBAK Energy Technology, Inc. (CBAT) Q4 2022 Earnings Call Transcript

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 of 2022 ended December 31, 2022.

CBAK Energy Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

DALIAN, China , March 31, 2023 /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 it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2022 on Tuesday, April 11, 2023, before the U.S. market opens. The earnings results will be available on the Company's Investor Relations website, and also will be filed with the Securities and Exchange Commission on a Form 8-K.

CBAK Energy to Report Fourth Quarter and Full Year 2022 Unaudited Financial Results on Tuesday, April 11, 2023

CBAK Energy Technology, Inc. (NASDAQ:CBAT ) Q3 2022 Earnings Conference Call November 14, 2022 8:00 AM ET Company Participants Thierry Li - Investor Relations, Director Yunfei Li - Chief Executive Officer Xiangyu Pei - Interim Chief Financial Officer Xiujun Tian - Engineer Conference Call Participants Operator Good day, ladies and gentlemen, thank you for standing by, and welcome to CBAK Energy Technology's Third Quarter 2022 Earnings Conference Call. Currently, all participants are in listen-only mode.

CBAK Energy Technology, Inc. (CBAT) Q3 2022 Earnings Call Transcript

--Net Revenues up 504% year over year in the third quarter – DALIAN, China , Nov. 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 third quarter of 2022 ended September 30, 2022. Third Quarter of 2022 Financial Highlights Net revenues were $57.7 million, an increase of 504% from $9.6 million for the same period of 2021.

CBAK Energy Reports Third Quarter 2022 Unaudited Financial Results

DALIAN, China , Nov. 7, 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 it will report its unaudited financial results for the third quarter ended September 30, 2022 on Monday, November 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 Monday, November 14, 2022 (9:00 PM Beijing/Hong Kong Time on November 14, 2022).

CBAK Energy to Report Third Quarter 2022 Unaudited Financial Results on Monday, November 14, 2022

DALIAN, China , Sept. 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 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 28.4 million ($27.8 million).

CBAK Energy Obtains $28 Million Battery Order from European Customer

2Q-2022 and 1H-2022 Earnings Overview NEW YORK , Aug. 30, 2022 /PRNewswire/ -- On August 15, 2022, CBAK Energy Technology, Inc. (Nasdaq: CBAT), a leading China-based lithium-ion battery manufacturer and electric energy solution provider released its second quarter and the first-half of 2022 earnings ended June 30. Another remarkable quarter with continued sales momentum Following the momentous first quarter of 2022, CBAT had once again achieved another significant milestone with sustained sales momentum in both battery products and battery materials in the second quarter of 2022.

CBAK Energy: Predictable Profitability Warranted By Expanding Capacity, Product Innovation and Strategic Vertical Integration

DALIAN, China , Aug. 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 announced that its wholly owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic partnership agreement with Welson Power, a China-based new energy company with a global network in over 20 countries.

CBAK Energy Enters into Strategic Partnership Agreement with Welson Power for Indian Market

CBAK Energy Technology, Inc. (NASDAQ:CBAT ) Q2 2022 Earnings Conference Call August 15, 2022 8:00 AM ET Company Participants Thierry Li - Investor Relations, Director Yunfei Li - Chairman, President and Chief Executive Officer Xiangyu Pei - Interim Chief Financial Officer Conference Call Participants Laura Liu - Stone Street Group Operator Good day, ladies and gentlemen, thank you for standing by, and welcome to CBAK Energy Technology's Second Quarter and First Half 2022 Earnings Conference Call. Currently, all participants are in listen-only mode.

CBAK Energy Technology, Inc. (CBAT) CEO Yunfei Li on Q2 2022 Results - Earnings Call Transcript

--Net Revenues up 857% year over year in the second quarter– --Net Revenues up 792% year over year in the first half– DALIAN, China , Aug. 15, 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 second quarter and first half of 2022 ended June 30, 2022. Second Quarter of 2022 Financial Highlights Net revenues were $56.4 million, an increase of 857% from $5.9 million in the same period of 2021.

CBAK Energy Reports Second Quarter and First Half 2022 Unaudited Financial Results

DALIAN, China , Aug. 9, 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 it will report its unaudited financial results for the second quarter and first half ended June 30, 2022 on Monday, August 15, 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 Monday, August 15, 2022 (8:00 PM Beijing/Hong Kong Time on August 15, 2022).

CBAK Energy to Report Second Quarter & First Half 2022 Unaudited Financial Results on Monday, August 15, 2022

DALIAN, China , July 26, 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 entered into an agreement with another Chinese high-tech battery maker who is one of the top players leading in the research and development of Na-ion battery to co-develop sodium-ion battery cells. The sodium-ion battery chemistry is considered to be one of the most promising "beyond-lithium" energy storage technologies, particularly for large-scale electric vehicle and stationary applications.

CBAK Energy to Co-Develop Na-ion Cells with Chinese Battery Manufacturer

DALIAN, China , July 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, today announced it will participate in the Public Companies Communications Summit (the "Conference"), a virtual investor conference to be co-hosted by TF Securities Global, TF Research Institute and Frost & Sullivan (the "sponsoring parties") on Wednesday, July 20, 2022. CBAK Energy's management plans to hold a fireside chat during the Conference, starting at 8:50 PM U.S. Eastern Time this Wednesday (8:50 AM Beijing/Hong Kong Time on Thursday, July 21, 2022).

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