CBAK Energy Technology, Inc. - Common Stock (CBAT)
0.7043
+0.0343 (5.12%)
NASDAQ · Last Trade: Apr 19th, 11:24 PM EDT
Detailed Quote
Previous Close
0.6700
Open
0.6700
Bid
0.7000
Ask
0.7395
Day's Range
0.6700 - 0.7052
52 Week Range
0.5670 - 2.080
Volume
63,792
Market Cap
62.27M
PE Ratio (TTM)
5.418
EPS (TTM)
0.1
Dividend & Yield
N/A (N/A)
1 Month Average Volume
191,679
Chart
About CBAK Energy Technology, Inc. - Common Stock (CBAT)
Cbak Energy Technology Inc is a company focused on the development and production of advanced energy storage solutions, particularly lithium-ion batteries. The company specializes in the innovative design and manufacturing of battery systems aimed at enhancing the performance and efficiency of energy storage for various applications, including electric vehicles and renewable energy systems. Cbak Energy Technology is dedicated to advancing clean energy technologies, thereby contributing to a sustainable future while addressing the growing demand for reliable and efficient power storage options. Through its research and development efforts, the company strives to lead in the rapidly evolving energy technology sector. Read More
DALIAN, 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.
DALIAN, 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.
CBAK Energy Technology, Inc. reported Q1 FY24 results, with revenue up 38.7%, gross margin up to 31.9%, and net income of $9.8 million. EPS of $0.11 beat consensus. Expecting strong growth for the year.
CBAT reported Q4 FY23 revenue increase of 3.2% Y/Y to $56.2M. Battery business up 30.9%, but net revenues from batteries used in light electric vehicles down 69.5%.
