Welcome to our dedicated page for Cbak Energy Technology news (Ticker: CBAT), a resource for investors and traders seeking the latest updates and insights on Cbak Energy Technology stock.
CBAK Energy Technology Inc. (CBAT) delivers cutting-edge lithium-ion and sodium-ion battery solutions powering electric vehicles, energy storage systems, and industrial applications worldwide. This dedicated news hub provides investors and industry stakeholders with essential updates on the company’s operational milestones, technological breakthroughs, and market strategies.
Key resources include press releases detailing financial results, manufacturing expansions, and product innovations. Track developments in battery chemistry advancements, strategic partnerships, and global market penetration efforts. All content is curated to help users monitor CBAT’s position in the competitive energy storage sector.
Regular updates cover earnings reports, facility upgrades, R&D achievements, and regulatory compliance milestones. Discover how CBAT’s vertically integrated model – spanning battery production and raw material development – shapes its response to evolving industry demands.
Bookmark this page for streamlined access to verified CBAT announcements. Combine technical insights with business intelligence to assess the company’s growth trajectory in renewable energy technologies.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) will announce its third-quarter financial results on November 12, 2021, prior to the U.S. market opening. Management will host a conference call at 8:00 AM ET to discuss the results. Participants must register in advance to receive access details. The event will be accessible through a live and archived webcast. CBAK, a leading lithium-ion battery manufacturer, focuses on products applicable in electric vehicles and energy storage solutions.
CBAK Energy Technology, Inc. (NASDAQ: CBAT), a prominent lithium-ion battery manufacturer, announced its participation in the JPMorgan China EV Battery Supply Chain Forum on September 9, 2021. During the event, CBAK management will host a fireside chat and conduct one-on-one meetings with institutional investors. Founded in 2006, CBAK is a leader in high-power lithium battery production for applications like electric vehicles and energy storage. The company's main operations are based in Dalian and Nanjing, China. For further details, visit www.cbak.com.cn.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) announced that its subsidiary, Dalian CBAK Power Battery Co., has received performance certification from SGS for its Special 26650 lithium-ion battery, designed for ultra-low temperature applications. CBAK Power is the first in the world to achieve this certification following extensive testing at temperatures ranging from -50°C to 30°C. CEO Yunfei Li highlighted this milestone as evidence of the company's technological leadership and operational efficiency, aimed at expanding its product portfolio to meet diverse market demands.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) reported strong financial results for Q2 and H1 2021.
Net revenues reached $5.9 million, a 27% increase year-over-year, with gross profit soaring 1,148% to $1.1 million, enhancing gross margin to 18.6%.
For the first half, net revenues were $15.3 million, up 33%, with a net income of $32.3 million, compared to a net loss in 2020. The company is expanding production capacity to meet rising demand and has announced plans to acquire Zhejiang Meidu Hitrans to strengthen its supply chain.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) issued a correction to a previous press release on July 26, 2021, regarding its acquisition of a majority stake in Zhejiang Meidu Hitrans. The correction clarifies that Hitrans deals in cathode materials, not anode materials as previously stated. This adjustment does not affect other disclosures made in the initial announcement.
CBAK Energy specializes in high-power lithium batteries for diverse applications, including electric vehicles and energy storage.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) will release its unaudited financial results for Q2 and the first half of 2021 on August 16, 2021, before U.S. market opens. A conference call will be held at 8:00 AM ET on the same day, providing an opportunity for stakeholders to discuss results and insights. Interested participants should register in advance to join the call. CBAK Energy, a leading lithium-ion battery manufacturer, continues to operate in a competitive market, focusing on high-power applications in electric vehicles and energy storage.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) has announced a framework agreement to acquire an 81.56% stake in Zhejiang Meidu Hitrans Lithium Battery Technology Co. for approximately RMB158.74 million ($24.50 million). This acquisition is expected to enhance CBAK's supply chain and competitiveness in the high-power lithium battery market. Hitrans, established in 2015, has been a key supplier, focusing on ternary precursors and anode materials. The transaction is anticipated to close in Q3 2021, subject to certain conditions.
CBAK Energy Technology (NASDAQ: CBAT) announced a robust financial performance for the year ended December 31, 2020, showcasing a 69.3% increase in total net revenues, reaching US$37.6 million compared to US$22.2 million in 2019. Gross profit rose to US$2.7 million, with a gross margin improvement to 7.2%.
Despite these gains, the company reported a net loss of US$7.8 million, down from US$10.9 million in 2019. Recent initiatives include trial production of a new 26650 lithium battery and plans to expand production capacity in Nanjing and Dalian.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) has signed a memorandum of cooperation with a leading European hydrogen energy group to advance hydrogen fuel cell technology. This partnership aims to leverage each other’s strengths in innovation and resources to explore high-quality projects in hydrogen fuel cell production, storage, and refueling. With the Chinese government emphasizing hydrogen fuel cell development, the market is projected to grow significantly, with expected demand reaching 60 million tons by 2050. CBAK Energy's CEO expressed confidence in this collaboration promoting low-carbon energy transitions.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) has commenced trial production of its self-developed Special 26650 Battery, specifically designed for ultra-low temperature applications. This battery can operate at temperatures as low as -50 degrees Celsius and has shown satisfactory performance in initial tests, with a production yield nearing mass production levels. The company aims to achieve mass delivery by the second half of 2021. CEO Yunfei Li emphasized the potential for expansion in the aviation and aerospace markets due to the battery's unique features.
