CBAK Energy Announces Collaboration with Ather Energy, one of India's top five electric two-wheeler manufacturers
CBAK Energy Technology (NASDAQ: CBAT) has announced that its subsidiary, Nanjing CBAK New Energy Technology, has secured purchase orders for Model 32140 cylindrical lithium-ion battery cells from Ather Energy, one of India's top five electric two-wheeler manufacturers. Ather Energy, which operates India's largest fast-charging network for electric two-wheelers, will integrate these battery cells into their vehicles, with expectations for a long-term partnership.
The Model 32140 batteries are specifically designed for electric two-wheeler, three-wheeler, and light electric vehicle (LEV) markets. This partnership marks CBAK Energy's strategic entry into India's growing LEV market. The company's existing client portfolio includes significant orders from major companies like Viessmann Group (EUR116.5 Million), PowerOak (BlueTTI brand), Hello Tech (Jackery's parent company), and Anker Innovations (USD 30-35 Million).
CBAK Energy Technology (NASDAQ: CBAT) ha annunciato che la sua controllata, Nanjing CBAK New Energy Technology, ha ottenuto ordini di acquisto per le celle di batteria agli ioni di litio cilindriche Model 32140 da Ather Energy, uno dei primi cinque produttori indiani di motocicli elettrici. Ather Energy, che gestisce la più grande rete di ricarica rapida per motocicli elettrici in India, integrerà queste celle di batteria nei propri veicoli, con aspettative di una partnership a lungo termine.
Le batterie Model 32140 sono progettate specificamente per i mercati dei motocicli elettrici, dei tricicli e dei veicoli elettrici leggeri (LEV). Questa partnership segna l'entrata strategica di CBAK Energy nel crescente mercato LEV indiano. Il portafoglio clienti esistente dell'azienda include ordini significativi da grandi aziende come Viessmann Group (116,5 milioni di euro), PowerOak (marchio BlueTTI), Hello Tech (la società madre di Jackery) e Anker Innovations (USD 30-35 milioni).
CBAK Energy Technology (NASDAQ: CBAT) ha anunciado que su filial, Nanjing CBAK New Energy Technology, ha asegurado pedidos de compra para celdas de batería de iones de litio cilíndricas Model 32140 de Ather Energy, uno de los cinco principales fabricantes de motocicletas eléctricas de India. Ather Energy, que opera la red de carga rápida más grande de India para motocicletas eléctricas, integrará estas celdas de batería en sus vehículos, con expectativas de una asociación a largo plazo.
Las baterías Model 32140 están diseñadas específicamente para los mercados de motocicletas eléctricas, triciclos y vehículos eléctricos ligeros (LEV). Esta asociación marca la entrada estratégica de CBAK Energy en el creciente mercado de LEV de India. El portafolio de clientes existente de la empresa incluye pedidos significativos de importantes compañías como Viessmann Group (116,5 millones de euros), PowerOak (marca BlueTTI), Hello Tech (la empresa matriz de Jackery) y Anker Innovations (30-35 millones de USD).
CBAK Energy Technology (NASDAQ: CBAT)는 자회사인 Nanjing CBAK New Energy Technology가 인도 상위 5개 전기 이륜차 제조업체 중 하나인 Ather Energy로부터 Model 32140 원통형 리튬 이온 배터리 셀에 대한 구매 주문을 확보했다고 발표했습니다. 인도의 가장 큰 전기 이륜차 급속 충전 네트워크를 운영하는 Ather Energy는 이 배터리 셀을 자사 차량에 통합할 예정이며, 장기적인 파트너십에 대한 기대를 가지고 있습니다.
Model 32140 배터리는 전기 이륜차, 삼륜차 및 경량 전기차(LEV) 시장을 위해 특별히 설계되었습니다. 이 파트너십은 CBAK Energy의 인도 성장 LEV 시장에 대한 전략적 진입을 의미합니다. 회사의 기존 고객 포트폴리오에는 Viessmann Group(1억 1650만 유로), PowerOak(BlueTTI 브랜드), Hello Tech(Jackery의 모회사), Anker Innovations(3000만~3500만 달러)와 같은 주요 회사로부터의 중요한 주문이 포함되어 있습니다.
CBAK Energy Technology (NASDAQ: CBAT) a annoncé que sa filiale, Nanjing CBAK New Energy Technology, a obtenu des commandes d'achat pour des cellules de batteries lithium-ion cylindriques Model 32140 de Ather Energy, l'un des cinq principaux fabricants de deux-roues électriques en Inde. Ather Energy, qui gère le plus grand réseau de recharge rapide pour les deux-roues électriques en Inde, intégrera ces cellules de batterie dans ses véhicules, avec des attentes d'un partenariat à long terme.
Les batteries Model 32140 sont spécifiquement conçues pour les marchés des deux-roues électriques, des tricycles et des véhicules électriques légers (LEV). Ce partenariat marque l'entrée stratégique de CBAK Energy sur le marché LEV en plein essor en Inde. Le portefeuille de clients existant de l'entreprise comprend des commandes significatives de grandes entreprises telles que Viessmann Group (116,5 millions d'euros), PowerOak (marque BlueTTI), Hello Tech (société mère de Jackery) et Anker Innovations (30-35 millions USD).
CBAK Energy Technology (NASDAQ: CBAT) hat bekannt gegeben, dass ihre Tochtergesellschaft, Nanjing CBAK New Energy Technology, Kaufbestellungen für die zylindrischen Lithium-Ionen-Batteriezellen Model 32140 von Ather Energy, einem der fünf führenden Hersteller von Elektromotorrädern in Indien, gesichert hat. Ather Energy, das Indiens größtes Schnellladenetzwerk für Elektromotorräder betreibt, wird diese Batteriezellen in ihre Fahrzeuge integrieren und erwartet eine langfristige Partnerschaft.
Die Model 32140-Batterien sind speziell für die Märkte der Elektromotorräder, Dreiräder und leichten Elektrofahrzeuge (LEV) konzipiert. Diese Partnerschaft markiert den strategischen Eintritt von CBAK Energy in den wachsenden LEV-Markt Indiens. Das bestehende Kundenportfolio des Unternehmens umfasst erhebliche Bestellungen von großen Unternehmen wie Viessmann Group (116,5 Millionen Euro), PowerOak (BlueTTI-Marke), Hello Tech (Elternunternehmen von Jackery) und Anker Innovations (30-35 Millionen USD).
- Secured new purchase orders from a major Indian electric vehicle manufacturer
- Entry into India's rapidly expanding EV market
- Strategic positioning in the growing light electric vehicle sector
- Potential for long-term partnership and consistent order flow
- Order value and specific quantities not disclosed
- Timeline for delivery and implementation not specified
Insights
The partnership with Ather Energy represents a strategic entry into India's booming electric vehicle market, particularly the high-growth two-wheeler segment. India's electric two-wheeler market is projected to grow at a
The Model 32140 cylindrical battery cells position CBAK strategically in the Light Electric Vehicle (LEV) sector, where cost-effectiveness and performance optimization are crucial. This move follows CBAK's successful partnerships with established brands like Viessmann (
While the specific order value remains undisclosed, based on Ather's current production capacity and market position, this collaboration could potentially translate to annual revenues of
The Model 32140 cylindrical cells represent a strategic technical fit for the Indian market's specific requirements. These cells typically offer a superior energy density-to-cost ratio compared to prismatic cells, making them ideal for price-sensitive markets like India. The form factor is particularly well-suited for the thermal management challenges in India's climate, while maintaining optimal performance for two-wheeler applications.
The integration into Ather's existing battery architecture indicates the cells meet rigorous performance and safety standards. Ather's reputation for sophisticated battery management systems suggests CBAK's cells passed extensive validation testing, potentially opening doors to other Indian OEMs. This technical validation by a leading player could accelerate CBAK's market penetration in the broader Asian LEV segment.
The Company's Model 32140 cylindrical lithium-ion battery cells are highly competitive in the electric two-wheeler, three-wheeler, and light electric vehicle (LEV) markets. As one of
Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, "We are excited to announce this strategic partnership with Ather Energy, which signals our successful entry into the rapidly growing LEV market in
CBAK Energy's clients with disclosed names include but not limited to:
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.
For more information, please visit ir.cbak.com.cn.
Safe Harbor Statement
This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.
The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
For further inquiries, please contact:
In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn
View original content:https://www.prnewswire.com/news-releases/cbak-energy-announces-collaboration-with-ather-energy-one-of-indias-top-five-electric-two-wheeler-manufacturers-302342638.html
SOURCE CBAK Energy Technology, Inc.
FAQ
What is the significance of CBAK Energy's partnership with Ather Energy?
What type of batteries will CBAT supply to Ather Energy?
How will the Ather Energy partnership impact CBAT's market presence in India?
What other major clients does CBAT currently serve?
