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CBAK Energy Reports First Quarter 2026 Unaudited Financial Results
DALIAN, China, May 18, 2026 (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, today reported its unaudited financial results for the first quarter ended March 31, 2026. First Quarter of 2026 Financial and Operational Highlights First Quarter Consolidated Net Revenues achieved an explosive 99.3% year-over-year growth, reaching $69.62 million, compared to $34.
About this update from Cbak Energy Technology, Inc.
[{"type":"text","content":"DALIAN, China, May 18, 2026 (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, today reported its unaudited financial results for the first quarter ended March 31, 2026.","length":308,"tagName":"p"},{"type":"text","content":"First Quarter of 2026 Financial and Operational Highlights","length":58,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First Quarter Consolidated Net Revenues achieved an explosive 99.3% year-over-year growth, reaching $69.62 million, compared to $34.94 million in the same period of 2025. The strong sales momentum was driven by the gradual release of newly added production capacity as ramp-up progressed, as well as the conversion of customer orders that the Company had previously been unable to fulfill due to capacity constraints.","length":417,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"First Quarter Net Revenues from Light Electric Vehicles (LEV) skyrocketed by an impressive 441.6% year-over-year to $15.41 million, compared to $2.84 million in the prior year period. The exponential growth highlights successful commercial traction and expanding sales leverage within high-growth overseas corridors, specifically India, Vietnam, and Africa.","length":357,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"First Quarter Net Revenues from the Battery Raw Materials Segment (Hitrans) delivered an exceptional 120.2% year-over-year hyper-growth, surging to $32.10 million from $14.58 million in the first quarter of 2025. This growth was driven by successful new customer acquisitions and favorable raw material pricing, reinforcing strong upstream market position and pricing power.","length":374,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"First Quarter Net Income from the Battery Raw Materials Segment (Hitrans) achieved a significant turnaround to profitability, reporting a net income of $1.57 million. This represents a robust recovery from a net loss of $1.75 million in the same period of 2025, demonstrating the segment's accelerated new customer acquisitions and its ability to maintain profitability in a rising raw material pricing environment.","length":419,"tagName":"p","attribs":{}}]}],"tagName":"...