CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium-ion rechargeable batteries. Its products are used for electronic vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and high-power applications. It operates through the CBAK and Hitrans segments. The CBAK segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium-ion rechargeable batteries for use in a wide array of applications. The Hitrans segment covers the development and manufacturing of NCM precursor and cathode materials. The company was founded on October 4, 1999 and is headquartered in Dalian, China.
CBAK Energy Agrees on Battery Supply Framework with European Customer
CBAK Energy agreed on a battery supply framework with an unnamed European blue-chip technology company serving automotive and industrial markets, with cumulative orders already exceeding US$4.5 million as of September 27, 2026.
The company expects annual sales from this customer to exceed US$30 million in each of 2027 and 2028, excluding a new higher-capacity cell under development with commercial deliveries targeted for 2027.
The sales estimates are non-binding and near-term purchase orders have not yet been received, so execution risk remains meaningful for this small-cap supplier.