Business
CBAK Energy Reports Second Quarter and First Half 2025 Unaudited Financial Results
DALIAN, China, Aug. 18, 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, today reported its unaudited financial results for the second quarter and the first half of 2025 ended June 30, 2025. Second Quarter of 2025 Financial Results Net revenues1 were $40.52 million, down 15% from $47.79 million in the same period of 2024. The decline was largely attribu
About this update from Cbak Energy Technology, Inc.
[{"type":"text","content":"DALIAN, China, Aug. 18, 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, today reported its unaudited financial results for the second quarter and the first half of 2025 ended June 30, 2025.","length":335,"tagName":"p"},{"type":"text","content":"Second Quarter of 2025 Financial Results","length":40,"tagName":"p"},{"type":"text","content":"Net revenues1 were $40.52 million, down 15% from $47.79 million in the same period of 2024. The decline was largely attributable to our Dalian facilities, where most customers operate in the residential energy supply sector. These facilities are currently upgrading their product portfolio, shifting from Model 26650 to Model 40135. Customers who previously purchased Model 26650 are now in the process of testing and validating the new Model 40135, and we expect a gradual recovery once both existing and potential customers complete this validation. In addition, capacity for Model 32140 produced at our Phase I Nanjing facilities is fully booked. To meet growing demand, we are expanding Model 32140 capacity at our Phase II Nanjing facilities. Once Phase II operations commence by year-end, we anticipate a significant acceleration in growth from our Nanjing facilities.","length":874,"tagName":"p"},{"type":"text","content":"Among these revenues, detailed revenues from our battery business are:","length":70,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-bottom:solid black 1pt;text-align:justify;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Battery Business","length":16,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[]},{"colspan":"2","style":"text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2024Second Quarter","length":19,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;vertical-align:bottom;","val":[]},{"style":"vertical-align:bottom;","val":[]},{"colspan":"2","style":"text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2025Second Quarter","length":19,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;vertical-align:bottom;"...