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CBAK Energy Announces Correction to July 26, 2021 Press Release
DALIAN, China, Aug. 10, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), announces a correction to its
About this update from Cbak Energy Technology, Inc.
[{"type":"text","content":"DALIAN, China, Aug. 10, 2021 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) (\"CBAK Energy,\" or the \"Company\"), announces a correction to its press release entitled \"CBAK Energy Announces Framework Agreement to Acquire Majority Stake in Zhejiang Meidu Hitrans\" issued on July 26, 2021 (the \"Initial Press Release\").\nThe Initial Press Release incorrectly stated in the 3rd paragraph that Hitrans engages in \"sales of … anode materials.\" Hitrans actually engages in sales of cathode materials. This correction does not change any other information reported in the Initial Press Release.\nAbout CBAK Energy\nCBAK Energy Technology, Inc. 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.\nFor more information, please visit www.cbak.com.cn.\nAbout Hitrans\nZhejiang Meidu Hitrans Lithium Battery Technology Co. is a leading developer and manufacturer of ternary precursor and cathode materials in China, with a mission to become the world's first-class producer of cathode materials for new energy lithium batteries. The Company's products have a wide range of applications, including electric vehicles, electric tools, high-end digital products, storage, etc. Hitrans has more than 50 authorized patents or accepted patent applications, and is dedicated to the advancement of cutting-edge technologies for sustainable development and growth. \nSafe Harbor Statement\nThis 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\", ...