CBAK Partners with Kandi to Localize Lithium Battery Facilities in the U.S. in PhasesDALIAN, China, April 14, 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, jointly with Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi”), a global leader in new energy innovation, today announced a strategic partnership to establish two lithium battery production facilities in the United States. Both companies are currently evaluating potential locations for the facilities. The first facility, dedicated to battery pack assembly, is scheduled for near-term development. The second, focused on battery cell manufacturing, is envisioned as a longer-term initiative that Kandi and CBAK will pursue when market conditions are conducive. Each facility will be established as a separate joint venture, with distinct ownership structures designed to align with the unique objectives and scale of each project.
CBAK Energy's 32140 Cells Capture 19% of Global Market Share, Report ShowsDALIAN, China, Feb. 24, 2025 (GLOBE NEWSWIRE) -- CBAK Energy Technology, Inc. (
NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced its significant global market share in the rapidly growing large cylindrical battery segment, which saw remarkable growth in 2024.
