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CBAK Energy Announces Framework Agreement to Acquire Majority Stake in Zhejiang Meidu Hitrans
DALIAN, China, July 26, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its wholly-owned subsidiary Dalian CBAK Power Battery Co., Ltd. ("CBAK Power") has entered into a framework agreement to acquire a majority stake in Zhejiang Meidu Hitrans Lithium Battery Technology Co. ("Hitrans"), a leading lithium-ion battery material supplier in China.
2021
Jun 26,2021
06-26
CBAK Energy Reports Fiscal Year 2020 Financial Results
CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider, today announced its financial results for the year ended December 31, 2020. The Company intends to file its annual report containing its audited consolidated financial statements for the fiscal year ended December 31, 2020, on Form 10-K with the Securities and Exchange Commission (the "SEC") on or about April 12, 2021. When available, the annual report can be accessed on the Company's investor relations website at https://ir.cbak.com.cn and on the SEC's website at http://www.sec.gov.
Apr 12,2021
04-12
CBAK Energy Partners with a European Hydrogen Energy Giant to Promote Hydrogen Fuel Cell Development
DALIAN, China, March 15, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has signed a memorandum of cooperation (the "Cooperation") with a leading European hydrogen energy group with 100 years of operation history (the "Hydrogen Energy Company") to promote the development of hydrogen fuel cells.
Mar 15,2021
03-15
CBAK Energy Develops Special 26650 Battery for Ultra-low Temperature Application
DALIAN, China, Feb. 19, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has started the trial production of its special 26650 lithium battery (the "Special 26650 Battery"). Different from our regular 26650 batteries that the company is currently manufacturing and selling, the Special 26650 Battery is a self-developed battery model specifically designed for application in ultra-low temperature environments. The Special 26650 Battery has delivered satisfactory test performance results to date, while the trial's production yield rate has also been very close to our required level for mass production. The Company believes that it will be capable of achieving mass delivery of its Special 26650 Battery by the second half of 2021.
Feb 19,2021
02-19
CBAK Energy Announces $70 Million Registered Direct Offering Priced At the Market Under Nasdaq Rules
DALIAN, China, Feb. 8, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. ("CBAK Energy", or the "Company," NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has entered into a securities purchase agreement (the "Agreement") with certain institutional investors for a registered direct placement of approximately $70 million of its common stock, priced at the market under applicable Nasdaq rules with a price of $7.83 per share. As part of the Agreement, the Company will issue certain Series A-1 Warrants to the investors to purchase a total of 4,469,988 shares of common stock and certain Series A-2 Warrants to purchase up to 2,234,992 shares of common stock, both of which are at a purchase price of $7.67 per share. Series A-1 Warrants and Series A-2 Warrants are exercisable for 42 months and 45 months, respectively, from the issue date. The Company will also issue certain Series B Warrants to the investors to purchase a total of 4,469,988 shares of common stock at a purchase price of $7.83 per share, which are exercisable for 90 days from the issue date.
Feb 08,2021
02-08
CBAK Energy Signs Agreement With Bus Manufacturer, Seeing Growing Revenues From EV Market
DALIAN , China, Feb. 5, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that its wholly owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has signed an approximately $1.4 million product framework agreement (the "Agreement") to supply battery systems for 10.5m electric buses to Sichuan Guohong Automobile Co., Ltd. ("Sichuan Guohong").
Feb 05,2021
02-05
CBAK Energy Announces Production Capacity Expansion in Anticipation of Increasing Client Orders
DALIAN, China, Feb. 3, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today provided additional details for its plans previously disclosed in its 8-K filing to expand its production capacity in Nanjing and Dalian in anticipation of increasing client orders.
Feb 03,2021
02-03
CBAK Energy Partners With Chengdu Raja to Jointly Develop Battery Swapping Project and UPS Project
DALIAN, China, Jan. 25, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that its wholly-owned subsidiary, Dalian CBAK Energy Technology Co., LTD ("Dalian CBAK"), recently signed a one-year strategic cooperation framework agreement (the "Agreement") with Chengdu Raja New Energy Automotive Technology Co., Ltd. ("Raja"). As part of the Agreement, the two parties plan to jointly develop a battery swapping project for the food delivery and logistics industries as well as an uninterruptible power supply ("UPS") project for traffic lights. Both parties will utilize their respective competitive advantages in their establishment of a long-term strategic cooperative relationship.
Jan 25,2021
01-25
CBAK Energy Partners With JAC Motors to Jointly Develop New Battery Cells
DALIAN, China, Jan. 11, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company",), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has signed a three-year strategic agreement (the "Agreement") with Anhui Jianghuai Motors Group Co., Ltd (SSE: 600418) ("JAC Motors") for joint product development.
Jan 11,2021
01-11
