DALIAN,
China, Dec. 27, 2024 /PRNewswire/ -- 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 that its wholly-owned
subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing
CBAK"), has secured substantial orders from Anker Innovations
Technology Co., Ltd. (Shenzhen Stock Exchange: 300866, "Anker
Innovations"), one of the Chinese
global intelligent hardware brand enterprises with the largest
revenue scale. The Company has received orders in 2024 with a total
value approximately between RMB 200
million and RMB 250 million,
or around USD 30 million to
USD 35 million.
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 U.S. Looking ahead,
the Company anticipates maintaining or exceeding the value of these
significant orders we received in 2024 over the next year.
Additionally, CBAK Energy and Anker Innovations are engaged in
ongoing discussions about potential future collaborations,
including but not limited to expanding capacity in overseas
markets.
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 China:
CBAK Energy
Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn
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SOURCE CBAK Energy Technology, Inc.
