DALIAN,
China, June 14, 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 its subsidiary, Dalian CBAK Power Battery Co., Ltd.
("CBAK Power") has secured an order valued at almost USD7.0 million from a Renowned European Client
(the "Partner").
Founded in Europe, the Partner
has been sourcing cylindrical batteries from CBAK Energy for orders
valued close to USD55.0 million.
Yunfei Li, Chairman and Chief
Executive Officer of CBAK Energy, commented, "We are pleased to
receive another significant-sized order from our long-term partner,
demonstrating the recognition of our battery products by one of our
industry-pioneering customers renowned for their manufacturing
excellence. We are committed to innovating and delivering
high-quality and high-performance batteries to capture more market
share and consolidate our leadership position."
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 and sodium batteries, as well as the production
of 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, energy storage
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, Shaoxing and Shangqiu, 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 the Company's future
results of operations and financial position, strategy, plans, and
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. The Company has 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. Actual
results of the Company 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
Phone: +86-18675423231
Email: ir@cbak.com.cn
Piacente Financial Communications
Ms. Hui Fan
Tel: +86-10-6508-0677
Email: CBAK@thepiacentegroup.com
In the United
States:
Piacente Financial Communications
Ms. Brandi Piacente
Tel: +1-212-481-2050
Email: CBAK@thepiacentegroup.com
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SOURCE CBAK Energy Technology, Inc.