CBAK Energy Subsidiary, Dalian CBAK Power Battery Co. Secures ~$7M Order From Renowned European Client

6/14/24 9:10:25 AM ET

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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 announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. ("CBAK Power") has secured an order valued at almost USD7.0 million from a Renowned European Client (the "Partner").

Founded in Europe, the Partner has been sourcing cylindrical batteries from CBAK Energy for orders valued close to USD55.0 million.

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CBAK Energy Subsidiary, Dalian CBAK Power Battery Co. Secures ~$7M Order From Renowned European Client

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CBAK Energy shares are trading higher after the company's Dalian CBAK Power Battery subsidiary announced a $7 million order from a European client.