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CBAK Energy to Report Second Quarter 2025 Unaudited Financial Results on Monday, August 18, 2025
Globenewswire· 2025-08-12 12:00
Core Viewpoint - CBAK Energy Technology, Inc. will report its unaudited financial results for the second quarter of 2025 on August 18, 2025, before the U.S. market opens [1] Group 1: Financial Reporting - The earnings results will be available on the Company's Investor Relations website and filed with the Securities and Exchange Commission on a Form 8-K [1] - An earnings conference call will be hosted by CBAK Energy's management at 8:00 AM U.S. Eastern Time on August 18, 2025 [2] Group 2: Company Overview - CBAK Energy is a leading lithium-ion battery manufacturer and electric energy solution provider in China, engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries [4] - The applications of the Company's products include electric vehicles, light electric vehicles, energy storage, and other high-power applications [4] - CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market in January 2006 [4] - The Company has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing, and Shangqiu, along with a large-scale R&D and production base in Dalian [4]
中比能源上涨2.12%,报0.94美元/股,总市值8454.33万美元
Jin Rong Jie· 2025-08-08 14:59
Group 1 - The stock price of China BAK Battery (CBAT) increased by 2.12% on August 8, reaching $0.94 per share, with a trading volume of $27,600 and a total market capitalization of $84.54 million [1] - As of March 31, 2025, China BAK Battery reported total revenue of $34.93 million, a year-over-year decrease of 40.6%, and a net profit attributable to shareholders of -$1.58 million, representing a year-over-year decrease of 116.05% [1] Group 2 - On August 8, China BAK Battery is scheduled to disclose its interim report for the fiscal year 2025, with the actual disclosure date subject to the company's announcement [2] - China BAK Battery, established on October 4, 1999, is a leading global high-tech enterprise engaged in the research, production, and sales of lithium-ion batteries, with products including square aluminum shell batteries, polymer batteries, and cylindrical batteries, serving applications in light electric vehicles, electric passenger cars, electric buses, energy storage, backup power, electric tools, and more [2]
中比能源上涨4.76%,报0.95美元/股,总市值8544.27万美元
Jin Rong Jie· 2025-08-06 14:15
Core Viewpoint - The company Zhongbi Energy (CBAT) experienced a stock price increase of 4.76% on August 6, 2023, closing at $0.95 per share, with a total market capitalization of $85.44 million, despite reporting a significant decline in revenue and net profit for the fiscal year ending March 31, 2025 [1][2]. Financial Performance - As of March 31, 2025, Zhongbi Energy reported total revenue of $34.94 million, representing a year-over-year decrease of 40.6% [1]. - The company recorded a net loss attributable to shareholders of $1.58 million, which is a substantial decline of 116.05% compared to the previous year [1]. Upcoming Events - Zhongbi Energy is scheduled to disclose its fiscal year 2025 interim report on August 8, 2023, with the actual release date subject to company announcements [2]. Company Overview - Established on October 4, 1999, Zhongbi Energy is a leading high-tech enterprise specializing in the research, production, and sales of lithium-ion batteries, including square aluminum shell batteries, polymer batteries, and cylindrical batteries [2]. - The company's solutions are applied across various sectors, including light electric vehicles, electric passenger cars, electric buses, energy storage, backup power, electric tools, and more [2].
中比能源上涨3.46%,报0.926美元/股,总市值8328.41万美元
Jin Rong Jie· 2025-08-04 18:56
Group 1 - The stock price of China BAK Battery (CBAT) increased by 3.46% on August 5, reaching $0.926 per share, with a trading volume of $69,200 and a total market capitalization of $83.2841 million [1] - As of March 31, 2025, China BAK Battery reported total revenue of $34.9389 million, a year-over-year decrease of 40.6%, and a net profit attributable to shareholders of -$1.5792 million, representing a year-over-year decrease of 116.05% [1] Group 2 - China BAK Battery is set to disclose its fiscal year 2025 interim report on August 8, with the actual disclosure date subject to company announcement [2] - Established on October 4, 1999, China BAK Battery is a leading high-tech enterprise specializing in the research, production, and sales of lithium-ion batteries, with products including square aluminum shell batteries, polymer batteries, and cylindrical batteries, applicable in various fields such as light electric vehicles, electric passenger cars, electric buses, energy storage, backup power, and electric tools [2]
CBAK Energy Forms Strategic Partnership with Anker Innovations to Establish Battery Cell Manufacturing Facility in Malaysia, with Potential Orders Valued at Up to US$357 Million
Globenewswire· 2025-06-30 13:00
Core Insights - CBAK Energy Technology, Inc. has entered a strategic partnership with Anker Innovations to enhance its global manufacturing presence and establish a new battery cell manufacturing facility in Malaysia [1][2] - The partnership includes potential orders valued at approximately US$357 million, with a focus on the Model 32140 LFP cylindrical batteries [2] - CBAK Energy aims to commence mass production of its flagship battery models by the end of 2025 [1][3] Company Overview - CBAK Energy is a leading manufacturer of lithium-ion and sodium-ion batteries in China, with applications in electric vehicles, energy storage, and other high-power uses [5] - The company has multiple subsidiaries and a large-scale R&D and production base in Dalian, China [5] - CBAK Energy became the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 [5] Partnership Details - The partnership with Anker Innovations signifies a long-term cooperation framework, reflecting Anker's confidence in CBAK Energy's technical capabilities and manufacturing quality [2][4] - Anker Innovations has been increasing its procurement of battery cells from CBAK Energy since 2022, making it the company's largest customer [2] - The Malaysian Project is expected to deepen the collaboration between the two companies [2]
CBAK Energy Engages FAW, one of China’s largest EV makers, in Strategic Talks on New EV Battery Model 46950
Globenewswire· 2025-06-11 13:00
Core Viewpoint - CBAK Energy Technology, Inc. is actively pursuing collaboration opportunities with FAW Group to supply its upcoming Model 46950 battery cell, indicating a strategic move to re-enter the electric vehicle (EV) battery market [1][5]. Group 1: Company Developments - CBAK Energy's delegation, led by the Principal of the Academy of Research & Development, visited FAW Group to discuss potential collaboration [2]. - The Model 46950 cell, designed for EV applications, features two variants with NCM and a hybrid of LMFP and NCM chemistry, offering energy density improvements of approximately 65.64% and 22.70% over the current flagship Model 32140 [3]. - The Model 46950 supports 4C fast charging, which is double the 2C capability of the Model 32140, enhancing its appeal for EV applications [3]. Group 2: Market Positioning - The introduction of the Model 46950 is expected to position CBAK Energy favorably in the EV battery market, with an official launch anticipated next year [4]. - The CEO of CBAK Energy emphasized the importance of reestablishing connections with former partners, highlighting the strategic intent to return to the EV market [5]. Group 3: Company Background - CBAK Energy is a leading high-tech enterprise in China focused on the development and manufacturing of lithium batteries for various applications, including electric vehicles and energy storage [6].
CBAK Energy Announces $11.6 Million Order from Africa’s largest EV player
Globenewswire· 2025-06-09 13:00
Core Viewpoint - CBAK Energy Technology, Inc. has secured a significant order from Africa's largest electric vehicle player, valued at approximately US$11.6 million, for its advanced lithium-ion batteries, indicating strong demand for sustainable mobility solutions in emerging markets [2][4]. Company Overview - CBAK Energy is a leading lithium-ion battery manufacturer in China, engaged in the development, manufacturing, and sales of high-power lithium batteries and raw materials [5]. - The company was the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 [5]. Order Details - The order consists mainly of CBAK Energy's Model 32140 large LFP cylindrical batteries, with potential follow-on orders from the customer totaling up to US$55 million [2]. - This strategic partnership aims to support the customer's rapidly expanding fleet of electric motorcycles across Africa, promoting sustainable mobility solutions [2][3]. Customer Profile - The customer is recognized as Africa's leading electric vehicle company, known for its innovative battery-swapping technology and electric motorcycles tailored for African conditions [3]. - The collaboration emphasizes the delivery of affordable and locally manufactured electric mobility solutions, contributing to a shift away from fossil fuel-based transport [3]. Strategic Focus - CBAK Energy's CEO highlighted the importance of this order in reinforcing the company's strategic focus on expanding its market presence in emerging regions [4]. - The partnership aligns with the company's commitment to the sustainable development of the electric mobility sector in Africa and beyond [4].
CBAK Energy Secures $3 Million Follow-up Order from Livguard, Strengthening Strategic Partnership in India
Globenewswire· 2025-06-03 13:20
Core Insights - CBAK Energy Technology, Inc. has received a follow-up order valued at approximately USD 3 million from Livguard, increasing the total order value from Livguard to USD 7.9 million since the partnership began [1][4]. Company Overview - CBAK Energy is a leading lithium-ion battery manufacturer in China, engaged in the development, manufacturing, and sales of high-power lithium batteries and raw materials [5]. - The company's products are utilized in various applications, including electric vehicles, energy storage, and uninterruptible power supplies [5]. - CBAK Energy became the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 [5]. Partnership Details - Livguard, an Indian energy storage solutions provider, has a strong market presence supported by the SAR Group and offers a wide range of energy solutions [2]. - Livguard sources Model 32140 cylindrical lithium-ion batteries from CBAK Energy, which are known for their high performance and reliability [3]. Strategic Growth - The CEO of CBAK Energy highlighted the importance of the recent order from Livguard as a validation of the company's battery technology and a step towards strengthening its presence in India's energy market [4].
CBAK Energy Launches Share Buyback Program Authorizing Repurchase of Up to $20 Million in Common Stock Over the Next 12 Months
Globenewswire· 2025-05-22 13:00
Core Viewpoint - CBAK Energy Technology, Inc. has announced a share repurchase program authorized to buy up to $20 million of its common stock to return value to shareholders and support compliance with Nasdaq's minimum bid price requirement [1][2]. Group 1: Share Repurchase Program - The share repurchase program aims to return value to shareholders and assist in regaining compliance with Nasdaq's minimum bid price requirement [2]. - The company may repurchase shares through various means, including open market purchases and privately negotiated transactions, with the program set to terminate on May 20, 2026 [2]. - The timing and total amount of stock repurchases will depend on various factors, including market conditions and corporate requirements [2]. Group 2: Financial Performance - CBAK Energy reported a gross margin of 31.5% in its battery segment and 23.7% across the entire business for 2024 [3]. - The company's flagship product, the Model 32140, captured 19% of the global market share in 2024, indicating strong market presence [3]. - The management believes the current stock price significantly undervalues the company, reinforcing the decision to initiate the share repurchase program [3]. Group 3: Company Overview - CBAK Energy is a leading lithium-ion battery manufacturer in China, engaged in the development, manufacturing, and sales of high-power lithium and sodium batteries [4]. - The company's products are used in various applications, including electric vehicles and energy storage [4]. - CBAK Energy became the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 [4].
CBAK Energy to Participate in The Battery Show Europe on June 3, 2025
Globenewswire· 2025-05-21 09:00
Core Viewpoint - CBAK Energy Technology, Inc. is actively participating in The Battery Show Europe 2025, highlighting its role as a leading manufacturer in the lithium-ion battery sector and its commitment to innovation in energy solutions [1][2]. Company Overview - CBAK Energy is a prominent high-tech enterprise in China focused on the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as raw materials for high power lithium battery production [3]. - The company's products are utilized in various applications, including electric vehicles, light electric vehicles, and energy storage systems [3]. - CBAK Energy was the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 [3]. - The company operates multiple subsidiaries in Dalian, Nanjing, Shaoxing, and Shangqiu, with a significant R&D and production base located in Dalian [3]. Event Details - The Battery Show Europe 2025 is scheduled from June 3 to June 5, 2025, at Messe Stuttgart, Germany [2]. - CBAK Energy will have a presence at Booth Hall 9-E40, where its sales team, R&D department, and key management members will engage with attendees [2]. - The event will feature over 1,000 exhibitors showcasing innovations across the entire battery supply chain, from raw materials to recycling [4].