CBAK Energy's 32140 Cells Capture 19% of Global Market Share, Report Shows
CBAK Energy Technology (NASDAQ: CBAT) has achieved significant market share in the global large cylindrical battery segment for 2024. According to the SPIR Report, the company captured 19% of global Series 32 battery market with 19.42 million units shipped, and 11.1% of combined Series 32 and 40 market share.
Global shipments of Series 32 batteries reached 102 million units in 2024, showing a 14.29% year-over-year growth. The company also shipped 32.04 million units of 26650 and 26700 cylindrical batteries, representing 6.4% market share in other cylindrical battery series. The total global cylindrical battery market grew by 10.9% year-over-year, reaching 14.61 billion units in 2024.
CBAK Energy's production lines for 32140 batteries are operating at full capacity, with plans to launch 40135 cylindrical cells in 2025.
CBAK Energy Technology (NASDAQ: CBAT) ha raggiunto una quota di mercato significativa nel segmento globale delle batterie cilindriche di grandi dimensioni per il 2024. Secondo il Rapporto SPIR, l'azienda ha catturato il 19% del mercato globale delle batterie Serie 32 con 19,42 milioni di unità spedite, e l'11,1% della quota di mercato combinata delle serie 32 e 40.
Le spedizioni globali di batterie Serie 32 hanno raggiunto 102 milioni di unità nel 2024, mostrando una crescita del 14,29% anno su anno. L'azienda ha anche spedito 32,04 milioni di unità di batterie cilindriche 26650 e 26700, rappresentando il 6,4% della quota di mercato in altre serie di batterie cilindriche. L'intero mercato globale delle batterie cilindriche è cresciuto del 10,9% anno su anno, raggiungendo 14,61 miliardi di unità nel 2024.
Le linee di produzione di CBAK Energy per le batterie 32140 stanno operando a piena capacità, con piani per lanciare celle cilindriche 40135 nel 2025.
CBAK Energy Technology (NASDAQ: CBAT) ha logrado una participación de mercado significativa en el segmento global de baterías cilíndricas grandes para 2024. Según el Informe SPIR, la empresa capturó el 19% del mercado global de baterías Serie 32 con 19,42 millones de unidades enviadas, y el 11,1% de la cuota de mercado combinada de las series 32 y 40.
Los envíos globales de baterías Serie 32 alcanzaron 102 millones de unidades en 2024, mostrando un crecimiento del 14,29% interanual. La empresa también envió 32,04 millones de unidades de baterías cilíndricas 26650 y 26700, representando el 6,4% de la cuota de mercado en otras series de baterías cilíndricas. El total del mercado global de baterías cilíndricas creció un 10,9% interanual, alcanzando 14,61 mil millones de unidades en 2024.
Las líneas de producción de CBAK Energy para baterías 32140 están operando a plena capacidad, con planes para lanzar celdas cilíndricas 40135 en 2025.
CBAK Energy Technology (NASDAQ: CBAT)는 2024년 글로벌 대형 원통형 배터리 부문에서 상당한 시장 점유율을 달성했습니다. SPIR 보고서에 따르면, 이 회사는 글로벌 시리즈 32 배터리 시장의 19%를 차지하며 1,942만 개의 유닛을 출하하였고, 시리즈 32와 40의 결합 시장 점유율의 11.1%를 기록했습니다.
2024년 시리즈 32 배터리의 글로벌 출하는 1억 2백만 개에 도달하여 전년 대비 14.29% 성장률을 보였습니다. 이 회사는 또한 26650 및 26700 원통형 배터리 3,204만 개를 출하하였으며, 이는 다른 원통형 배터리 시리즈에서 6.4%의 시장 점유율을 나타냅니다. 전체 글로벌 원통형 배터리 시장은 10.9% 증가하여 2024년 146억 1천만 개에 도달했습니다.
CBAK Energy의 32140 배터리 생산 라인은 가동 중이며, 2025년에는 40135 원통형 셀을 출시할 계획입니다.
CBAK Energy Technology (NASDAQ: CBAT) a atteint une part de marché significative dans le segment mondial des batteries cylindriques de grande taille pour 2024. Selon le rapport SPIR, l'entreprise a capturé 19% du marché mondial des batteries de la série 32 avec 19,42 millions d'unités expédiées, et 11,1% de la part de marché combinée des séries 32 et 40.
Les expéditions mondiales de batteries de la série 32 ont atteint 102 millions d'unités en 2024, montrant une croissance de 14,29% d'une année sur l'autre. L'entreprise a également expédié 32,04 millions d'unités de batteries cylindriques 26650 et 26700, représentant 6,4% de part de marché dans d'autres séries de batteries cylindriques. Le marché mondial total des batteries cylindriques a connu une croissance de 10,9% d'une année sur l'autre, atteignant 14,61 milliards d'unités en 2024.
Les lignes de production de CBAK Energy pour les batteries 32140 fonctionnent à pleine capacité, avec des projets de lancement de cellules cylindriques 40135 en 2025.
CBAK Energy Technology (NASDAQ: CBAT) hat im Jahr 2024 einen signifikanten Marktanteil im globalen Segment der großen zylindrischen Batterien erreicht. Laut dem SPIR-Bericht hat das Unternehmen 19% des globalen Marktes für Serie 32 Batterien mit 19,42 Millionen ausgelieferten Einheiten erobert und 11,1% des kombinierten Marktanteils der Serien 32 und 40.
Die globalen Lieferungen von Serie 32 Batterien erreichten 102 Millionen Einheiten im Jahr 2024, was ein Wachstum von 14,29% im Vergleich zum Vorjahr zeigt. Das Unternehmen hat auch 32,04 Millionen Einheiten der zylindrischen Batterien 26650 und 26700 ausgeliefert, was 6,4% Marktanteil in anderen zylindrischen Batterien darstellt. Der gesamte globale Markt für zylindrische Batterien wuchs im Vergleich zum Vorjahr um 10,9% und erreichte 14,61 Milliarden Einheiten im Jahr 2024.
Die Produktionslinien von CBAK Energy für 32140 Batterien arbeiten mit voller Kapazität, mit Plänen zur Einführung von 40135 zylindrischen Zellen im Jahr 2025.
- Captured 19% market share in Series 32 batteries globally
- Shipped 19.42 million units of 32140 batteries in 2024
- Operating at full production capacity for 32140 batteries
- Achieved 11.1% market share in combined Series 32 and 40 segments
- Shipped 32.04 million units of 26650 and 26700 batteries
- None.
Insights
The latest market share data reveals CBAK Energy's impressive positioning in the high-growth large cylindrical battery segment. Their 19% market share in Series 32 batteries represents a strategic victory in a highly competitive market dominated by major players like CATL and LG Energy Solution. This achievement is particularly significant given that Series 32 batteries are increasingly preferred for electric two-wheelers and energy storage systems due to their optimal balance of energy density and cost efficiency.
Operating at full capacity for 32140 batteries presents both opportunities and challenges. While it demonstrates strong demand and efficient operations, it also signals potential capacity constraints that could limit growth. The planned introduction of 40135 cells in 2025 appears to be a strategic move to diversify the product portfolio and capture additional market segments, particularly in the higher-energy-density applications where Series 40 batteries excel.
The company's 6.4% market share in the broader cylindrical battery segment (26650/26700) provides a stable revenue base while the larger format batteries drive growth. This multi-product strategy helps mitigate risks and maintains presence across various application segments. The 14.29% YoY growth in Series 32 batteries outpacing the overall market growth of 10.9% suggests increasing market preference for larger format cells, potentially driven by their superior performance in high-power applications.
Looking ahead, three key factors will influence CBAK's market position: 1) Their ability to expand production capacity to meet growing demand, 2) Success in maintaining quality while scaling operations, and 3) Effective management of raw material costs in a competitive market. The diversification into Series 40 batteries could provide additional growth vectors, but will require significant capital investment and technical expertise to execute successfully.
DALIAN, China, Feb. 24, 2025 (GLOBE NEWSWIRE) -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced its significant global market share in the rapidly growing large cylindrical battery segment, which saw remarkable growth in 2024.
According to the latest report from Start Point Institute of Research (“SPIR Report”), global shipments of Series 32 large cylindrical batteries, which includes the Company’s 32140 cylindrical cells, surged to 102 million units in 2024, with a year-over-year increase of
The SPIR Report further noted that total global shipments of large cylindrical batteries, encompassing both Series 32 and Series 40 cylindrical cells, reached 175 million units in 2024. Of this total, CBAK Energy’s 32140 cylindrical cells accounted for an estimated
In addition, the SPIR Report highlighted that shipments of other cylindrical battery series, including Series 26, 46, 60, and 66, totaled 500 million units globally in 2024, with Series 26 likely comprising the largest portion. CBAK Energy also made significant strides in this segment, shipping approximately 32.04 million units of its 26650 and 26700 cylindrical batteries in 2024, which represents around
The global cylindrical battery market as a whole saw impressive growth in 2024, with total shipments reaching 14.61 billion units, marking a
"We are encouraged by our performance in the large cylindrical battery market in 2024," said Zhiguang Hu, Chief Executive Officer of CBAK Energy. "The significant growth in this segment, driven by increased adoption in electric two-wheelers and portable power solutions, highlights our ability to meet the evolving needs of our customers. Our strong market share reflects our ongoing commitment to innovation, quality, and delivering exceptional energy storage solutions."
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.
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For further inquiries, please contact:
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CBAK Energy Technology, Inc.
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Email: ir@cbak.com.cn
FAQ
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