CBAK Energy Technology, Inc. Announces Significant Orders from Anker Innovations, totaling around USD 30 Million to 35 Million
CBAK Energy Technology (NASDAQ: CBAT) has secured significant orders from Anker Innovations through its subsidiary Nanjing CBAK, valued between USD 30-35 million for 2024. The orders primarily consist of Model 32140 large LFP cylindrical batteries for portable power supply products sold in the U.S. market. Since 2022, Anker Innovations has been among CBAK's Top 5 customers. The company expects to maintain or exceed these order values in the coming year. Both companies are discussing potential future collaborations, including expanding capacity in overseas markets. CBAK has become Anker's largest supplier of LFP battery cells, with manufacturing facilities operating at full capacity.
CBAK Energy Technology (NASDAQ: CBAT) ha ottenuto ordini significativi da Anker Innovations attraverso la sua filiale Nanjing CBAK, del valore compreso tra 30-35 milioni di USD per il 2024. Gli ordini consistono principalmente in batterie cilindriche LFP di grandi dimensioni modello 32140 per prodotti di alimentazione portatile venduti nel mercato statunitense. Dal 2022, Anker Innovations è stato tra i primi 5 clienti di CBAK. L'azienda si aspetta di mantenere o superare questi valori di ordine nel prossimo anno. Entrambe le aziende stanno discutendo di potenziali future collaborazioni, inclusa l'espansione della capacità nei mercati esteri. CBAK è diventato il principale fornitore di celle di batterie LFP di Anker, con impianti di produzione operanti a pieno regime.
CBAK Energy Technology (NASDAQ: CBAT) ha asegurado pedidos significativos de Anker Innovations a través de su subsidiaria Nanjing CBAK, valorados entre 30-35 millones de USD para 2024. Los pedidos consisten principalmente en baterías cilíndricas LFP de gran tamaño modelo 32140 para productos de suministro de energía portátil vendidos en el mercado estadounidense. Desde 2022, Anker Innovations ha sido uno de los 5 principales clientes de CBAK. La empresa espera mantener o superar estos valores de pedido en el próximo año. Ambas empresas están discutiendo posibles colaboraciones futuras, incluida la expansión de capacidad en mercados internacionales. CBAK se ha convertido en el mayor proveedor de celdas de baterías LFP de Anker, con instalaciones de manufactura operando a plena capacidad.
CBAK Energy Technology (NASDAQ: CBAT)는 자회사인 Nanjing CBAK를 통해 Anker Innovations로부터 2024년까지 3000만-3500만 USD 규모의 중요한 주문을 확보했습니다. 이러한 주문은 미국 시장에서 판매되는 휴대용 전원 공급 제품에 사용될 모델 32140 대형 LFP 원통형 배터리로 주로 구성되어 있습니다. 2022년 이래로 Anker Innovations는 CBAK의 주요 고객 5위 안에 속해 왔습니다. 회사는 앞으로도 이러한 주문 가치를 유지하거나 초과할 것으로 예상하고 있습니다. 두 회사는 해외 시장에서의 용량 확대를 포함한 잠재적인 미래 협력에 대해 논의하고 있습니다. CBAK는 Anker의 LFP 배터리 셀 최대 공급업체로, 제조 시설은 풀가동 중입니다.
CBAK Energy Technology (NASDAQ: CBAT) a sécurisé des commandes significatives de Anker Innovations par l'intermédiaire de sa filiale Nanjing CBAK, d'une valeur comprise entre 30-35 millions USD pour 2024. Les commandes se composent principalement de batteries cylindriques LFP de grande taille, modèle 32140, destinées à des produits de fourniture d'énergie portable vendus sur le marché américain. Depuis 2022, Anker Innovations fait partie des 5 principaux clients de CBAK. L'entreprise s'attend à maintenir ou à dépasser ces valeurs de commande au cours de l'année à venir. Les deux entreprises discutent de potentielles collaborations futures, y compris l'expansion de leur capacité sur les marchés étrangers. CBAK est devenu le plus grand fournisseur de cellules de batteries LFP d'Anker, avec des installations de fabrication fonctionnant à pleine capacité.
CBAK Energy Technology (NASDAQ: CBAT) hat bedeutende Aufträge von Anker Innovations über seine Tochtergesellschaft Nanjing CBAK im Wert von 30-35 Millionen USD für 2024 gesichert. Die Aufträge bestehen hauptsächlich aus großen LFP-Zylinderbatterien des Modells 32140 für tragbare Stromversorgungsprodukte, die auf dem US-Markt verkauft werden. Seit 2022 gehört Anker Innovations zu den Top 5-Kunden von CBAK. Das Unternehmen erwartet, diese Auftragswerte im kommenden Jahr zu halten oder zu übertreffen. Beide Unternehmen diskutieren potenzielle zukünftige Kooperationen, einschließlich der Expansion der Kapazitäten in Überseemärkten. CBAK ist zu Ankers größtem Lieferanten von LFP-Batteriezellen geworden, wobei die Produktionsanlagen voll ausgelastet sind.
- Secured orders worth USD 30-35 million for 2024
- Established position as Anker's largest LFP battery cell supplier
- Manufacturing facilities operating at full capacity
- Potential for overseas market expansion
- Consistent orders from Top 5 customer since 2022
- None.
Insights
1. Market Position: Securing a Top 5 customer status with Anker, a major player in global intelligent hardware, validates CBAK's product quality and market competitiveness.
2. Revenue Visibility: The commitment to maintain or exceed order values provides strong forward revenue visibility, important for investor confidence.
3. Growth Catalyst: The focus on Model 32140 LFP batteries for the U.S. market positions CBAK strategically in the growing portable power supply sector.
The potential for overseas capacity expansion suggests a clear pathway for scalable growth. However, investors should note that operating at full capacity could require capital expenditure for expansion to meet growing demand.
This partnership demonstrates a strategic positioning in the portable power supply value chain. Anker's consistent ordering pattern since 2022 indicates a stable, qualified supplier relationship - particularly notable given the competitive battery manufacturing landscape in China. The Model 32140 LFP cylindrical batteries specification choice is significant for three reasons:
- LFP chemistry offers better safety and longevity compared to traditional Li-ion cells
- The 32140 form factor provides higher energy density, important for portable power products
- U.S. market focus suggests compliance with stringent safety standards
The discussions about overseas capacity expansion could mitigate supply chain risks and reduce logistics costs, particularly important given current global supply chain complexities and U.S. market focus.
Since 2022, Anker Innovations has consistently placed orders for battery cells, becoming CBAK Energy's Top 5 customer. The majority of these orders consist of Model 32140 large LFP cylindrical batteries, which are integral to Anker Innovations' portable power supply products, particularly those sold in the
Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, "We are excited to have been added to Anker Innovations' qualified supplier list and to become their largest suppliers of LFP battery cells. This marks an important milestone in our partnership, and we look forward to further strengthening our relationship. With the growing demand for our products, we are fully committed to meeting these needs, and our manufacturing facilities are operating at full capacity. This reinforces our dedication to product quality and reliability, which we believe has earned us the trust of leading companies like Anker Innovations."
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
CBAK Energy Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn
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SOURCE CBAK Energy Technology, Inc.
FAQ
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