Latest news with #CBAKEnergy
Yahoo
21-05-2025
- Business
- Yahoo
CBAK Energy to Participate in The Battery Show Europe on June 3, 2025
DALIAN, China, May 21, 2025 (GLOBE NEWSWIRE) -- 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 its participation in the upcoming The Battery Show Europe (the 'Event'), scheduled from Tuesday, June 3, 2025 to Thursday, June 5, 2025. Event Details:Date: June 03-05, 2025 (Europe Time)Venue: Messe Stuttgart, Messepiazza 170629 StuttgartBooth: Hall 9-E40 CBAK Energy's sales team and R&D department, along with key members of our management, will be attending the Event. All interested parties are welcomed to visit our booth and engage with our team. About CBAK EnergyCBAK 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 About The Battery ShowThe Battery Show Europe 2025 will bring together over 1,000 exhibitors from across the globe, showcasing cutting-edge solutions and products that span the entire battery supply chain, from raw materials to recycling. Explore the latest market innovations across Europe's largest battery technology expo. and gain new ideas for increased battery efficiencies and reduced manufacturing costs. For more information, please visit For further inquiries, please contact: In China: CBAK Energy Technology, Relations DepartmentEmail: ir@
Yahoo
20-05-2025
- Business
- Yahoo
CBAK Energy Technology Inc (CBAT) Q1 2025 Earnings Call Highlights: Navigating Revenue Declines ...
Net Revenue: $34.9 million, a 41% year-over-year decline. Battery Business Revenue: $36 million, a 54.6% decrease from the prior year. Electric Vehicle Segment Revenue: 11.9% increase. Light Electric Vehicle Segment Revenue: 88.4% growth. Home Energy Storage Business Revenue: 60.4% decline. Net Loss: $1.64 million compared to net income of $9.8 million in the same period last year. Battery Segment Income: Declined from $11.68 million to $0.34 million. Warning! GuruFocus has detected 6 Warning Signs with CBAT. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CBAK Energy Technology Inc (NASDAQ:CBAT) is transitioning to a new product, Model 4,135, which has strong market potential and early positive feedback from customers. The Nanjing facility is maintaining strong growth momentum with the production of the competitive Model 32,140, which is running at full capacity. The company is planning to establish a manufacturing facility in Southeast Asia, driven by customer demand, which could enhance its global production footprint. A major customer has committed to a four-year high-volume purchase agreement, which includes substantial pre-payments, indicating strong future revenue potential. The new Southeast Asian facility will have flexible manufacturing capabilities, allowing it to produce both Model 32,140 and Model 4,135 cells, which could boost overall business performance. CBAK Energy Technology Inc (NASDAQ:CBAT) reported a significant year-over-year decline of 41% in net revenues for the first quarter of 2025. The battery segment experienced a drastic income decline from $11.68 million to $0.34 million, contributing to a net loss of $1.64 million. The home energy storage business saw a 60.4% decline, negatively impacting overall revenue. The Dalian facility's primary product, Model 26,650, is considered outdated, affecting its competitiveness. The company does not anticipate a full recovery until the Dalian facility completes its upgrade and the new Model 4,135 is launched. Q: Can you confirm the expansion goals for your facilities in Dalian and Nanjing? A: Our plan for the Dalian facility remains unchanged, with the new manufacturing line for Model 4,135 having a capacity of 2.3 gigawatt hours. Construction is expected to be completed by the end of June, with trial production starting in the second half of the year. For Nanjing, we have made pre-payments for 3 gigawatt hours of equipment, but due to a new project in Southeast Asia, we plan to relocate one assembly line there, resulting in 1.5 gigawatt hours for both Nanjing and the Southeast Asian country. Zhiguang Hu, CEO & President Q: Are your customers likely to stick with cylindrical cells for storage, or might they consider prismatic or pouch cells? A: Our main market is home energy storage systems, where high voltage applications often favor cylindrical cells due to design flexibility. While prismatic cells are used, cylindrical and large cylindrical cells are expected to maintain a significant market share due to their structural stability and suitability for common voltage models. Jiewei Li Thierry, CFO & Company Secretary Q: Are your portable energy customers looking to pull forward demand during the tariff pause? A: Yes, customers are seeking solutions, including relocating manufacturing lines overseas. Our move to Southeast Asia is client-driven, with favorable terms offered by customers. We have closed a deal and expect to announce further details soon. Companies like Jackery and others are pursuing similar strategies. Zhiguang Hu, CEO & President Q: What is the status of the agreement with a major customer for a large-scale order? A: We are close to finalizing an agreement for a four-year high-volume order, initially focusing on Model 32,140 and transitioning to Model 4,135. A dedicated manufacturing line in Southeast Asia is planned to support this order, with significant recovery expected next year. Jiewei Li Thierry, CFO & Company Secretary Q: How do you plan to address the current tariff challenges? A: We are evaluating establishing an overseas manufacturing facility in Southeast Asia and exploring expansion in the United States if costs are justified. The decision to expand into Southeast Asia is customer-driven, with a high-volume purchase agreement in principle. The new facility is expected to begin production by mid-next year. Zhiguang Hu, CEO & President For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Sustainability Times
12-05-2025
- Automotive
- Sustainability Times
Chinese Battery Giants Shatter U.S. Control: $100 Billion Lithium Revolution Unleashed as Washington Faces Energy Dominance Collapse
IN A NUTSHELL 🔋 Kandi Technologies and CBAK Energy are establishing two lithium battery production facilities in the U.S. to meet growing demand. and are establishing two lithium battery production facilities in the U.S. to meet growing demand. 📈 The partnership aims to capitalize on the expanding off-road and recreational vehicle market, projected to reach $25 billion by 2030. 🌍 By setting up local production, the companies aim to mitigate risks from geopolitical tensions and leverage U.S. clean energy incentives. 🔧 The facilities will integrate battery cell and pack production, enhancing supply chain agility and aligning with global sustainability goals. The collaboration between Kandi Technologies and CBAK Energy marks a significant development in the U.S. energy landscape. By establishing lithium battery production facilities on American soil, these Chinese firms are positioning themselves to meet the increasing demand for electric power in the off-road and recreational vehicle sectors. Amid rising geopolitical tensions, this move underscores a strategic focus on localizing production and fortifying supply chains. The partnership promises to deliver high-performance battery systems, aligning with U.S. clean energy goals and offering a resilient response to potential global supply disruptions. Strategic Shift, Local Focus The initiative by Kandi Technologies and CBAK Energy represents a calculated strategic shift aimed at strengthening local production capabilities. The first facility will focus on the assembly of battery packs, while the second will concentrate on manufacturing battery cells. Each facility will function as a joint venture, with separate ownership structures reflecting the specific objectives and scale of each project. Kandi will lead the battery pack assembly plant, holding a 90% stake, while CBAK will take charge of the battery cell manufacturing, also retaining a 90% share. This dual approach is designed to integrate the production process, from initial cell manufacturing to the assembly of complete systems, ensuring a streamlined operation. By setting up these plants, the companies aim to build a robust domestic supply chain, thereby reducing reliance on international sources. This move is further supported by clean energy incentives from the U.S. Inflation Reduction Act, which encourages the localization of energy production. Such strategic positioning not only helps in mitigating the risks associated with global supply chain disruptions but also enables these companies to capitalize on the burgeoning U.S. market for clean energy solutions. 'Revolutionary Nuclear Breakthrough': World's First Compact Detector Set to Unleash Unprecedented Energy Era, Sparking Global Power Shift Incentives and Expansion The decision to establish these facilities in the U.S. aligns with broader goals of expanding market presence and leveraging local incentives. According to Feng Chen, CEO of Kandi Technologies, localizing production enhances the agility of the supply chain and aligns with U.S. clean energy policy incentives. This strategic move positions the companies to meet the rapidly growing demand in the off-road and recreational vehicle category, potentially creating significant shareholder value. While the specific locations for these facilities are still under consideration, CBAK Energy is also expanding its production capacity globally. The company plans to reach a production capacity of 7.6 gigawatt-hours by the end of 2025. Additionally, new production facilities are being established in Southeast Asia, operational by 2026, to mitigate geopolitical risks. The North American market for off-road vehicles, valued at $16.7 billion in 2024, is projected to grow to approximately $25.0 billion by 2030, providing a lucrative opportunity for this partnership to tap into the expanding battery demand. Groundbreaking Decision: Deep Fission Unleashes Revolutionary Underground Solution for Nuclear Reactors Fuel and Waste, Astonishing the World Navigating Geopolitical Tensions The collaboration between Kandi Technologies and CBAK Energy unfolds against a backdrop of escalating geopolitical tensions, particularly between the U.S. and China. Recent trade disputes, including China's suspension of exports of critical minerals, highlight the vulnerability of global supply chains. This partnership is a strategic response aimed at minimizing these geopolitical risks by establishing a more resilient and localized supply infrastructure. Zhiguang Hu, CEO of CBAK Energy, emphasizes that their expertise in cell design and production is pivotal for setting up a reliable local supply for emerging vehicle platforms. The collaboration not only reflects a shared vision to globalize advanced battery manufacturing but also adapts to the evolving demands of the U.S. market. By focusing on local production and supply, Kandi and CBAK are effectively insulating themselves from potential international trade disruptions, ensuring a steady supply of battery systems for the U.S. market. 'Everything Went Dark, Then It Moved': Robot Dog Revives Radioactive Crane in Terrifying Nuclear Site Emergency Maneuver The Future of Battery Production As the demand for off-road and recreational vehicles continues to surge, the need for efficient and high-performance battery systems becomes increasingly critical. The partnership between Kandi Technologies and CBAK Energy is poised to deliver on this demand, offering advanced battery solutions tailored for specific applications. Their focus on integrating cell and pack production not only enhances efficiency but also promises to deliver cutting-edge technology to the market. By investing in U.S.-based facilities, these companies are preparing to play a significant role in the future of battery production. This move also aligns with broader global trends towards sustainable energy solutions and the transition to electric vehicles. As they navigate complex geopolitical landscapes and leverage local incentives, Kandi and CBAK are setting a precedent for the future of energy production in the United States. The strategic collaboration between Kandi Technologies and CBAK Energy marks a pivotal moment in the landscape of battery production, with far-reaching implications for the U.S. market. As they develop local facilities, they not only address immediate market demands but also contribute to shaping a sustainable energy future. How will this partnership influence the broader dynamics of international trade and energy production in the years to come? Did you like it? 4.6/5 (20)
Associated Press
03-03-2025
- Business
- Associated Press
CBAK Energy to Participate at Upcoming Jefferies 6th Asia Forum in Hong Kong
DALIAN, China, March 3, 2025 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ('CBAK Energy', or the 'Company'), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced its participation in the following investor conference - Jefferies 6th Asia Forum ('Jefferies Forum' or the 'Conference') in Hong Kong. On Tuesday, March 18, 2025 at 4:00 PM Beijing/Hong Kong Time (3:00 AM U.S. Eastern Time on Tuesday, March 18, 2025), CBAK Energy management will host a group meeting at the Jefferies Forum. The Company will provide a comprehensive overview of corporate strategy and industry outlook, and will engage in a Q&A session at the end. For investors who wish to speak with the management, please contact the even team of Jefferies at [email protected] or the IR team of CBAK Energy at [email protected]. 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 batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), 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 and Nanjing, as well as a large-scale R&D and production base in Dalian. For more information, please visit Safe Harbor Statement This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All 'forward-looking statements' relating to the business of CBAK Energy Technology, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as 'believes', 'expects' or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ materially. These factors include but are not limited to: the ability of the Company to meet its contract or agreement obligations; the uncertain market for the Company's lithium battery cells; business, macroeconomic, technological, regulatory, or other factors affecting the profitability of battery cells designed for energy storage; and risks related to CBAK Energy's business and risks related to operating in China. Please refer to CBAK Energy's most recent Annual Report on Form 10-K, as well as other SEC reports that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. CBAK Energy's actual results could differ materially from those contained in the forward-looking statements. CBAK Energy undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless expressly requested by applicable law. For investor and media inquiries, please contact:
