CBAK Energy Announces Expansion in Nanjing: Equipment Procurement Completed and Trial Production Set for May 2025, Adding 3GWh of Capacity

Core Viewpoint - CBAK Energy is accelerating its Phase II project in Nanjing to meet the increasing demand for its lithium-ion battery cells, with plans for significant capacity expansion by late 2025 [2][6]. Group 1: Project Overview - The Nanjing project consists of two phases, with Phase I having started mass production of 32140 large cylindrical lithium-ion cells in late 2021, achieving an actual capacity of approximately 1.3GWh [1]. - Phase II aims to expand production capacity to a planned 27GWh, with the first two production lines expected to enter trial production by May 2025 and full-scale mass production anticipated by late 2025 [1][6]. Group 2: Production Capacity and Equipment - The two production lines in Phase II are designed for the production of Model 32140 battery cells, with modifications allowing for the production of the upgraded Model 40135 cells, which are suited for portable power supply and home energy storage [7]. - The annual production capacity of these two lines is projected to be approximately 3GWh [7]. Group 3: Company Background - CBAK Energy Technology, Inc. is a leading high-tech enterprise in China focused on the development, manufacturing, and sales of new energy high power lithium batteries and related raw materials [2]. - The company has multiple subsidiaries in Dalian, Nanjing, and Shaoxing, along with a large-scale R&D and production base in Dalian [2].