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CBAK Energy Announces Collaboration with Ather Energy, one of India's top five electric two-wheeler manufacturers
DALIAN, China, Jan. 6, 2025 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of
About this update from Cbak Energy Technology, Inc.
[{"type":"text","content":"DALIAN, China, Jan. 6, 2025 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) (\"CBAK Energy\" or the \"Company\"), a leading manufacturer of lithium-ion and sodium-ion batteries, as well as electric energy solutions in China, today announces that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd., has secured purchase orders for its Model 32140 cylindrical lithium-ion battery cells from Ather Energy, one of India's top five electric two-wheeler manufacturers and operator of the country's largest fast-charging network for electric two-wheeler.\n\nThe Company's Model 32140 cylindrical lithium-ion battery cells are highly competitive in the electric two-wheeler, three-wheeler, and light electric vehicle (LEV) markets. As one of India's largest producers of electric two-wheeler, Ather Energy's decision to place orders for CBAK Energy's advanced battery technology underscores the growing demand for high-performance battery solutions in India's rapidly expanding EV market. Ather Energy will begin integrating CBAK Energy's Model 32140 battery cells into its electric two-wheeler, with expectations for a long-term partnership and consistent order flow.\nZhiguang Hu, Chief Executive Officer of CBAK Energy, commented, \"We are excited to announce this strategic partnership with Ather Energy, which signals our successful entry into the rapidly growing LEV market in India. We are confident that our Model 32140 battery cells, perfectly suited for India's electric two-wheeler market, will help drive future growth. As India's LEV sector continues to expand, we expect to secure increasing orders and market share, positioning CBAK Energy as a key player in the region's EV revolution.\"\nCBAK Energy's clients with disclosed names include but not limited to:\nCBAK Received Order From Viessmann Group for EUR116.5 Million of Lithium-Ion Batteries for 2024-CBAK Energy\nCBAK Energy Announces Battery Orders from PowerOak, Parent Company of Top-Rated Portable Power Brand BlueTTI-CBAK Energy\nCBAK Partners with Hello Tech, the parent company of Jackery, a premier global portable power supplier, to Advance Sodium-ion Battery R&D-CBAK Energy\nCBAK Energy Technology, Inc. Announces Significant Orders from Anker Innovations, totaling around USD 30 Million to 35 Million-CBAK Energy\nAbout CBAK Energy\nCBAK Energy Technology, I...