CBAK Energy(US:CBAT)2025-05-20 07:05Company Milestones & Market Position - CBAK was among the first to manufacture large cylindrical cells using Model 32140 and small cylindrical cells, Model 26650[61] - Model 32140 cells captured 19% of the global market share in 2024, while Model 26650 captured 64%[12] - The company maintains an average A-grade product yield of 9892%, higher than competitors[62] Production Capacity & Expansion - Dalian Branch's production capacity is expected to reach 33 GWh by 2025, mainly for Model 40135 cells[19] - Nanjing Branch's production capacity is expected to reach 43 GWh by mid-2025[24] - The company is exploring setting up a new production base in Southeast Asia[40] Financial Performance & Projections - Net revenues from the battery business increased by 171% from 2021 to 2024[48] - Net income from the battery business increased from $14 million in 2023 to $1943 million in 2024[54] - The company projects net revenues for the battery segment to reach RMB 14 billion in 2025, a 4098% increase over 2024[70] - The company projects net income for the battery segment to reach RMB 100 million in 2025[71] - In the first quarter of 2025, Residential Energy Supply & Uninterruptable Supplies accounted for 8338% of the battery business revenue[49]