Cbak Energy Technology Inc Stock Price, News & Analysis

CBAK Energy Technology (NASDAQ: CBAT) has announced a significant share buyback program, authorizing the repurchase of up to $20 million of its common stock over the next 12 months, ending May 20, 2026. The program aims to enhance shareholder value and help regain compliance with Nasdaq's minimum bid price requirement.

The company, a leading Chinese lithium-ion battery manufacturer, reported strong financial performance with a 31.5% gross margin in its battery segment and 23.7% across the entire business in 2024. Notably, CBAK's Model 32140 battery captured 19% of the global market share in 2024. The buyback can be executed through open market purchases, private transactions, or other means, including Rule 10b5-1 trading plans.

CBAK Energy Technology (NASDAQ: CBAT), a prominent Chinese lithium-ion battery manufacturer and electric energy solution provider, has announced its participation in The Battery Show Europe. The event will take place from June 3-5, 2025, at Messe Stuttgart in Germany. CBAK Energy will be located at Booth Hall 9-E40, where their sales team, R&D department, and key management members will be available for engagement with interested parties.

CBAK Energy Technology (NASDAQ: CBAT) reported significant declines in its Q1 2025 financial results. Net revenues decreased 41% to $34.9 million from $58.8 million in Q1 2024. The company's battery business saw a 54.6% revenue decline to $20.4 million, with gross profit falling 74.4% to $4.7 million. The company reported a net loss of $1.58 million, compared to a $9.8 million profit in Q1 2024. The decline was primarily attributed to the Dalian facilities' transition from Model 26650 to the advanced Model 40135. Despite overall declines, revenues from Electric Vehicles and Light Electric Vehicles segments grew by 11.9% and 88.4% respectively. Management expects a gradual recovery once the new manufacturing lines are completed in H2 2025 and customer validation of Model 40135 is finalized.

CBAK Energy Technology (NASDAQ: CBAT), a prominent Chinese lithium-ion battery manufacturer and electric energy solution provider, has scheduled the release of its first quarter 2025 unaudited financial results for Monday, May 19, 2025, before U.S. market opening hours.

The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) on the same day. The earnings results will be accessible through the company's Investor Relations website and filed with the SEC on Form 8-K. Participants interested in asking questions during the call must register at least 15 minutes before the scheduled start time.

CBAK Energy Technology (NASDAQ: CBAT), a prominent Chinese lithium-ion battery manufacturer and electric energy solution provider, has announced its participation in the Shenzhen International Battery Technology Conference & Expo (CIBF 2025). The event will take place from May 15-17, 2025 at the Shenzhen International Convention & Exhibition Center. The company will be located at Booth 12T008 in Hall 12, where representatives from their sales team, R&D department, and key management members will be available to engage with visitors.

CBAK Energy has secured a 14.6% market share in the global 32140 cylindrical cell market during Q1 2025, according to the Start Point Institute of Research (SPIR). This positions the company fourth globally among major battery manufacturers.

The Chinese battery maker's performance follows its strong showing in 2024, where it captured 19% of the global market share. The company, which specializes in lithium-ion and sodium-ion batteries, remains optimistic about maintaining this momentum through ongoing discussions with major customers.

CEO Zhiguang Hu emphasized the company's commitment to delivering high-quality energy storage solutions and expanding their market presence. The latest market share data demonstrates CBAK's growing influence in the global battery sector, particularly in large cylindrical cells.

CBAK Energy Technology (NASDAQ: CBAT) and Kandi Technologies have announced a strategic partnership to establish two lithium battery production facilities in the United States. The collaboration involves two joint ventures:

1. A near-term battery pack assembly facility (90% Kandi-owned)
2. A long-term battery cell manufacturing facility (90% CBAK-owned)

The partnership aims to serve North America's off-road and recreational vehicle markets, valued at $16.7 billion in 2024 and projected to reach $25.0 billion by 2030. CBAK will initially supply battery cells from its planned Southeast Asian facility until the U.S. manufacturing plant is operational. The initiative aligns with U.S. Inflation Reduction Act incentives and focuses on developing high energy density battery systems for off-road and powersports vehicles.

CBAK Energy (NASDAQ: CBAT) reported strong financial results for FY2024, with battery segment net revenues reaching $136.59 million, up 2.7% year-over-year. The company achieved significant growth in light electric vehicle batteries revenue (+84% to $10.32 million), while electric vehicle batteries declined 41.67% to $1.68 million.

The battery segment showed impressive profitability metrics, with gross margin expanding to 31.5% (up 7.7 percentage points) and net income increasing 39.08% to $19.43 million. Overall consolidated results showed a turnaround with net income of $11.79 million in 2024, compared to a loss in 2023, despite consolidated revenues declining 13.61% to $176.61 million due to lower performance in the raw materials segment.

The company's Model 32140 battery is experiencing demand exceeding supply, prompting production capacity expansion plans.

CBAK Energy Technology (NASDAQ: CBAT), a leading Chinese lithium-ion battery manufacturer and electric energy solution provider, has scheduled to release its unaudited financial results for the fourth quarter and full year ended December 31, 2024. The announcement will be made on Monday, March 17, 2025, before U.S. market opening.

The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) on the same day. The results will be available on the Company's Investor Relations website and filed with the SEC on Form 8-K. Participants interested in asking questions during the call must register at least 15 minutes before the scheduled start time through the provided registration link.