CBAK Energy Captures 14.6% Share of 32140 Cylindrical Cell Market in Q1 2025

Core Insights - CBAK Energy Technology, Inc. reported a 14.6% share of the global market for 32140 cylindrical cells in Q1 2025, ranking fourth among competitors [1] - The company previously held a 19% market share in 2024, indicating a slight decline in market share but continued strong performance [2] - CBAK Energy's CEO emphasized the company's commitment to high-quality energy storage solutions and ongoing innovation [3] Company Overview - CBAK Energy is a leading manufacturer of lithium-ion and sodium-ion batteries in China, focusing on high-power applications such as electric vehicles and energy storage [3] - The company was the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 [3] - CBAK Energy operates multiple subsidiaries and has a significant R&D and production base in Dalian, China [3]