Latest news with #CBAKEnergyTechnology
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
24-04-2025
- Automotive
- Yahoo
CBAK Energy Technology (CBAT): Among EV Penny Stocks From $10 to Under $1
We recently published a list of . In this article, we are going to take a look at where CBAK Energy Technology, Inc. (NASDAQ:CBAT) stands against other EV penny stocks. The global electric vehicle (EV) market is on a roll despite the ever-growing tariff turmoil triggered by US President Donald Trump. That was clear as EV sales increased by 29% in the first quarter, to 4.1 million on the sale of 1.7 million units in March. China, which continues to lead the world in EV adoption, reported a 36% year-over-year increase in EV sales in Q1, with sales in March alone topping 1 million units, a record last seen in August 2024. Due to the minimal cross-border EV sales, China is unlikely to experience significant impacts from the US-China tariff dispute. While North American EV sales were up by 16% in the first quarter, adding to the 7.3% increase in 2024, the market's long-term outlook remains unclear. That's in part to Trump's imposition of substantial tariffs on auto parts and other equipment that automakers need to ramp up the development of EVs. The 25% tax imposed in February on cars imported from Canada and Mexico and a larger levy imposed in March on all auto imports is anticipated to trigger a significant increase in EV prices. The impact on affordability and market dynamics is probably substantial, given that about 40% of US EV sales are imported from nations like Mexico, Korea, and Japan. Approximately two-thirds of the electric vehicles sold in the US last year were manufactured domestically, but, like all contemporary cars, the necessary parts and components are procured from various countries worldwide. The ongoing, intense trade conflict with China, the leading global supplier of materials for EV batteries, will further complicate the market. Additionally, there is substantial speculation that the new administration may undo the electric vehicle sales incentives established during the Biden administration, casting a shadow over the outlook for EV sales in the second quarter and beyond. Consequently, the remainder of 2025 is expected to be a tumultuous period for electric vehicle sales in the United States, even with the launch of new products and appealing incentives. Should the new automobile tariffs remain in place, they will create a significant obstacle for numerous automakers, mainly because of the tariffs applied to steel and, crucially for EVs, aluminium. Amid the headwinds, analysts expect 2025 to be a strong year for EV sales in the US, building on the positive momentum in 2024. Likewise, the stocks of companies exposed to the electric vehicle spectacle should be the biggest beneficiary, especially penny stocks trading at highly discounted valuations. To compile this list, we focused on companies within the EV industry, sourced from ETFs trading below $10 as of April 16. From this group, we identified 10 stocks most preferred by institutional investors, including those priced under $1. The leading EV penny stocks are ranked in ascending order based on hedge fund sentiment, derived from Insider Monkey's database of 1,009 hedge funds as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A lithium battery recharging a fleet of electric vehicles in a parking lot. CBAK Energy Technology, Inc. (NASDAQ:CBAT) develops, manufactures, and sells high-power lithium-ion and sodium-ion batteries. It specializes in battery technology and solutions for various applications, including energy storage systems, light electric vehicles, and other high-power devices. On April 14, the company partnered strategically with Kandi Technologies to establish two lithium battery production facilities in the United States. The collaboration is positioned to yield high energy-density battery systems optimized explicitly for off-road and power sports vehicles. The strategic partnership also allows CBAK Energy Technology, Inc. (NASDAQ:CBAT) to capitalize on North America's increasing demand for off-road vehicles. Additionally, the two companies should take advantage of clean energy incentives provided by the US. Expansion into the US follows, with CBAK Energy Technology, Inc. (NASDAQ:CBAT) bouncing to profitability in fiscal 2024. The company achieved a net income of $11.79 million, an improvement from a net loss of $2.45 million for fiscal 2023. The company posted a net income despite revenues dropping 13.61% year over year to $176.61 million. Overall, CBAT ranks 15th on our list of EV penny stocks. While we acknowledge the potential of CBAT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CBAT but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10-03-2025
- Business
- Yahoo
CBAK Energy Technology (NasdaqCM:CBAT) Up 10% Amid Broader Market Volatility
CBAK Energy Technology saw its share price rise by 10.1% last week. This price movement occurred amid broader market volatility where major indexes experienced declines, with the Nasdaq falling by 3.5%. The company might have been influenced by expectations surrounding the semiconductor sector's performance, similar to Broadcom's recent success driven by AI demand. The market experienced a complex week, with Federal Reserve Chair Jerome Powell affirming the economy's strength, which seemed to temporarily bolster market sentiment. Despite this, the market's overall performance was weak, seen through a 3.4% decline over the past week, which contrasts with CBAK's gains. The company's recent performance could reflect an investor focus on niche renewable energy opportunities, notwithstanding the tumultuous economic backdrop and declines in major indexes. The broader market's focus on AI and semiconductor developments might align investor sentiment in favor of innovative tech companies like CBAK. Unlock comprehensive insights into our analysis of CBAK Energy Technology stock here. The last five years have seen CBAK Energy Technology achieve a substantial total return of 130.07%. This impressive performance was not without its challenges. CBAK's transition to profitability played a key role, as the company reported growing earnings at an annual rate of 8.1%. Despite the recent underperformance compared to the broader US market and the US Electrical industry, CBAK's long-term return demonstrates its resilience. Key events have punctuated this period. A significant product advancement in June 2024 introduced the model 32140 battery, promising enhanced fast-charging capabilities. This innovation was complemented by securing a €116.5 million order from the Viessmann Group in 2023, which underscored market confidence in CBAK's technological prowess. However, compliance challenges loomed, with a Nasdaq delisting notice received in December 2024, urging the company to address its minimum bid price concerns. Additionally, leadership changes in October 2024 saw the appointment of a new CEO, potentially impacting strategic direction. Unlock the insights behind CBAK Energy Technology's valuation and discover its true investment potential Explore the potential challenges for CBAK Energy Technology in our thorough risk analysis report. Are you invested in CBAK Energy Technology already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:CBAT. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
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:
