CBAT

CBAK Energy Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Friday, March 15, 2024
Growth, Lithium, Anker Innovations, CBAT, Viessmann, Electric battery

DALIAN, China, March 15, 2024 /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 reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • DALIAN, China, March 15, 2024 /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 reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
  • - Net revenues from residential energy supply & uninterruptible supplies were $35.0 million, an increase of 84.3% from $19.0 million in the same period of 2022.
  • - Net revenues from residential energy supply & uninterruptible supplies were $124.5 million, an increase of 48.9% from $83.6 million in 2022.
  • Jiewei Li, Chief Financial Officer and Secretary of the Board of the Company, added, "We closed the year with robust fourth quarter financial results from our battery business, achieving a 30.9% increase in net revenues and positive net income for the second consecutive quarter.

CBAK Energy to Report Fourth Quarter and Full Year 2023 Unaudited Financial Results on Friday, March 15, 2024

Retrieved on: 
Wednesday, March 6, 2024
Security (finance), CBAT, Online shopping

DALIAN, China, March 6, 2024 /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 it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 on Friday, March 15, 2024, before the U.S. market opens.

Key Points: 
  • DALIAN, China, March 6, 2024 /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 it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 on Friday, March 15, 2024, before the U.S. market opens.
  • Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions.
  • Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.
  • A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/p4d96jix

CBAK Energy Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 9, 2023
CBAT, Growth, Electric battery, Renewable energy, Video game

DALIAN, China, Nov. 9, 2023 /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 reported its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • DALIAN, China, Nov. 9, 2023 /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 reported its unaudited financial results for the third quarter ended September 30, 2023.
  • Net revenues from uninterruptible supplies were $42.8 million, an increase of 73.5% from $24.7 million in the same period of 2022.
  • Net income attributable to shareholders of CBAK Energy (after deducting the change in fair value of warrants) was $6.3 million, compared to a net loss of $0.9 million in the same period of 2022.
  • In September, CBAK Energy announced that its wholly-owned subsidiary, Nanjing CBAK received an order worth RMB33.58 million from Anker, one of the largest third-party accessories suppliers globally for Apple Inc.'s products.

CBAK Energy to Report Third Quarter 2023 Unaudited Financial Results on Thursday, November 9, 2023

Retrieved on: 
Monday, October 30, 2023
Security (finance), Enigma (company), CBAT, Cryptocurrency, Online shopping

DALIAN, China, Oct. 30, 2023 /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 it will report its unaudited financial results for the third quarter ended September 30, 2023 on Thursday, November 9, 2023, before the U.S. market opens.

Key Points: 
  • DALIAN, China, Oct. 30, 2023 /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 it will report its unaudited financial results for the third quarter ended September 30, 2023 on Thursday, November 9, 2023, before the U.S. market opens.
  • Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions.
  • Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.
  • A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/imrz65fd

CBAK Energy Announces a Strategic Investment in BAK Power

Retrieved on: 
Thursday, September 28, 2023
Research, CBAT, Acquisition, Lithium, Electric battery

DALIAN, China, Sept. 28, 2023 /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 reached an agreement with Shenzhen BAK Battery Co., Ltd. ("BAK Battery") to acquire, from BAK Battery, a 5% stake in Shenzhen BAK Power Battery Co., Ltd. ("BAK Power"), an unrelated, well-respected power battery R&D and manufacturing company.

Key Points: 
  • DALIAN, China, Sept. 28, 2023 /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 reached an agreement with Shenzhen BAK Battery Co., Ltd. ("BAK Battery") to acquire, from BAK Battery, a 5% stake in Shenzhen BAK Power Battery Co., Ltd. ("BAK Power"), an unrelated, well-respected power battery R&D and manufacturing company.
  • As one of China's leading companies in the development of model 46800 batteries, BAK Power has agreed to supply its battery products to CBAK Energy, creating synergy with models 46115 and 46157 batteries developed by CBAK Energy and reinforcing product supply while establishing non-compete agreements for certain key customers.
  • Leveraging its core technology of self-developed lithium batteries, BAK Power focuses on promoting efficient power supply for electric vehicles and providing stable energy storage system products.
  • Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, stated, "We're thrilled to be bringing CBAK Energy and BAK Power together.

CBAK Energy Secures Significant Order from Anker Innovations for its Lithium-ion Battery

Retrieved on: 
Wednesday, September 20, 2023
Anker Innovations, Shenzhen Stock Exchange, SZ, Electricity, Tablet, CBAT, Mobile phone

DALIAN, China, Sept. 20, 2023 /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 received a sizeable order from Anker Innovations Technology Co., Ltd. (SZ: 300866, "Anker Innovations"), one of largest third-party accessories suppliers globally for Apple Inc.'s products.

Key Points: 
  • DALIAN, China, Sept. 20, 2023 /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 received a sizeable order from Anker Innovations Technology Co., Ltd. (SZ: 300866, "Anker Innovations"), one of largest third-party accessories suppliers globally for Apple Inc.'s products.
  • With an order value of approximately RMB33.58 million, Anker Innovations will incorporate these batteries into its portable power supply units.
  • Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, stated, "Our collaboration with Anker Innovations underscores our commitment to delivering high-quality lithium-ion batteries and cements our position as a trusted industry partner.
  • It represents the integration of leading-edge innovation with exceptional electric energy solutions, highlighting our capacity to sustain growth and continue delivering value to our stakeholders."

CBAK Energy Reports Second Quarter and First Half 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, August 9, 2023
Viessmann, Interim, Partnership, Shangqiu, Research, Sale, CBAT, Corporation, Growth, Development, Lithium carbonate, Rare-earth element, Lithium, Electric battery, Video game, Jackery Jones

DALIAN, China, Aug. 9, 2023 /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 reported its unaudited financial results for the second quarter and first half of 2023 ended June 30, 2023.

Key Points: 
  • DALIAN, China, Aug. 9, 2023 /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 reported its unaudited financial results for the second quarter and first half of 2023 ended June 30, 2023.
  • Net revenues from batteries used in electric vehicles were $2.0 million, an increase of 6454.4 times from $303.0 in the same period of 2022.
  • Net revenues from uninterruptible supplies were $46.8 million, an increase of 17.0% from $40.0 million in the same period of 2022.
  • Xiangyu Pei, Interim Chief Financial Officer, added, "We are pleased to report strong half year results marked by sustainable growth and increased profitability.

CBAK Energy to Report Second Quarter & First Half 2023 Unaudited Financial Results on Wednesday, August 9, 2023

Retrieved on: 
Wednesday, July 26, 2023
Security (finance), CBAT, Enigma (company), Cryptocurrency, Online shopping

DALIAN, China, July 26, 2023 /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 it will report its unaudited financial results for the second quarter and first half ended June 30, 2023 on Wednesday, August 9, 2023, before the U.S. market opens.

Key Points: 
  • DALIAN, China, July 26, 2023 /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 it will report its unaudited financial results for the second quarter and first half ended June 30, 2023 on Wednesday, August 9, 2023, before the U.S. market opens.
  • Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions.
  • Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.
  • A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/6uzum5dv

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

Retrieved on: 
Friday, July 21, 2023
Lessor, Shangqiu, Development, CBAT, Electric battery

DALIAN, China, July 21, 2023 /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 subsidiary, Dalian CBAK Power Battery Co., Ltd. ("Dalian CBAK"), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the "Shangqiu City") and partnering entities (the "Lessor").

Key Points: 
  • DALIAN, China, July 21, 2023 /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 subsidiary, Dalian CBAK Power Battery Co., Ltd. ("Dalian CBAK"), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the "Shangqiu City") and partnering entities (the "Lessor").
  • These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.
  • This production line is projected to increase Dalian CBAK's capacity by approximately RMB300 million worth of our 26700 cylindrical batteries.
  • Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, "We are thrilled to embark on this collaboration.

CBAK Energy Announces a 3-year Strategic Partnership for RMB 180 Million Lithium-Ion Battery Order with Echom

Retrieved on: 
Monday, July 10, 2023
Shenzhen Kaifa Technology Co., Ltd., Shenzhen Stock Exchange, CBAT, Partnership, Electric battery

DALIAN, China, July 10, 2023 /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 subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic agreement with Guangzhou Echom Science & Technology Co., Ltd. (Shenzhen Stock Exchange: 002420, "Echom"), a well-known industrial design group in China.

Key Points: 
  • DALIAN, China, July 10, 2023 /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 subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic agreement with Guangzhou Echom Science & Technology Co., Ltd. (Shenzhen Stock Exchange: 002420, "Echom"), a well-known industrial design group in China.
  • According to the terms of the collaboration, Echom will purchase approximately RMB 180 million worth of CBAK Energy's cylindrical lithium-ion batteries over the next three years, primarily the 32140 and 26700 series.
  • As part of the arrangement, Echom is obligated to prioritize CBAK Energy's batteries in its self-developed new energy storage products and ensure that over 50% of its relevant products utilize CBAK Energy's batteries.
  • In exchange, Nanjing CBAK will guarantee a consistent and uninterrupted supply of the specified battery products for the duration of the agreement.