CBAK Energy Enters into Strategic Partnership Agreement with Welson Power for Indian Market
DALIAN, China, Aug. 19, 2022 /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, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic partnership agreement with Welson Power, a China-based new energy company with a global network in over 20 countries.
- DALIAN, China, Aug. 19, 2022 /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, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic partnership agreement with Welson Power, a China-based new energy company with a global network in over 20 countries.
- According to the agreement, Nanjing CBAK will supply its Model 32140 batteries to Welson Power which will sell the products tooverseas market, mainly India, mostly for LEV applications.
- Mr. Yunfei Li, Chief Executive Officer of CBAK Energy commented, "The partnership with Welson Power brings us into the Indian market which is expected to be one of the largest markets for LEV applications.
- Welson Poweris a Wuxi-based new energy company with focus on lithium battery energy solutions (ESS) to portable energy storage, household energy storage, and small industrial and commercial energy storage, and manufactures power battery systems for EV and LEV applications.