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CBAK Energy Technology Inc - CBAT STOCK NEWS

Welcome to our dedicated news page for CBAK Energy Technology (Ticker: CBAT), a resource for investors and traders seeking the latest updates and insights on CBAK Energy Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CBAK Energy Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CBAK Energy Technology's position in the market.

News
CBAK Energy Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
Rhea-AI Summary
CBAK Energy Technology, Inc. (NASDAQ: CBAT) reported strong financial results for Q4 2023 and the full year 2023, showing significant revenue growth and improved gross margins. The company's battery business saw notable increases in net revenues and gross profits, with a focus on light electric vehicles, electric vehicles, and residential energy supply & uninterruptible supplies. Despite challenges in the raw materials market affecting Hitrans, the company's overall performance remained positive, leading to increased net income and a strong foundation for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.4%
Tags
earnings
-
News
CBAK Energy to Report Fourth Quarter and Full Year 2023 Unaudited Financial Results on Friday, March 15, 2024
Rhea-AI Summary
CBAK Energy Technology, Inc. (NASDAQ: CBAT) will report its unaudited financial results for Q4 and full year 2023 on March 15, 2024. The earnings call will be held at 8:00 AM U.S. Eastern Time. Participants can register online to ask questions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.94%
Tags
conferences earnings
-
News
CBAK Energy Reports Third Quarter 2023 Unaudited Financial Results
Rhea-AI Summary
CBAT: CBAK Energy Reports Robust Growth in Q3 2023, With 71.5% Increase in Battery Sales Revenues, Net Income of $6.3M, and Gross Margin of 26.4%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
earnings
News
CBAK Energy to Report Third Quarter 2023 Unaudited Financial Results on Thursday, November 9, 2023
Rhea-AI Summary
CBAK Energy Technology, Inc. will release its unaudited financial results for Q3 2023 on November 9, 2023. The earnings results will be available on the Company's Investor Relations website and filed with the SEC. An earnings conference call will be held on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
conferences earnings
-
News
CBAK Energy Announces a Strategic Investment in BAK Power
Rhea-AI Summary
CBAK Energy announces acquisition of 5% stake in BAK Power Battery for $35.57 million, strengthening product supply and creating synergy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
CBAK Energy Secures Significant Order from Anker Innovations for its Lithium-ion Battery
Rhea-AI Summary
CBAK Energy receives RMB33.58 million order from Anker Innovations for lithium-ion batteries, expects subsequent orders
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.76%
Tags
none
News
CBAK Energy Reports Second Quarter and First Half 2023 Unaudited Financial Results
Rhea-AI Summary
CBAK Energy Technology, Inc. reports unaudited financial results for Q2 and H1 2023. Net revenues from sales of batteries increased by 27.2% to $51.8 million. Gross margin for the battery business increased to 12.8%. The company has entered into partnerships with Echom, HiNa Battery, Viessmann Group, and Hello Tech.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
earnings
-
News
CBAK Energy to Report Second Quarter & First Half 2023 Unaudited Financial Results on Wednesday, August 9, 2023
Rhea-AI Summary
CBAK Energy Technology, Inc. (NASDAQ: CBAT) to Report Unaudited Financial Results for Q2 2023 on August 9, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
conferences earnings
-
News
CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.52%
Tags
none
News
CBAK Energy Announces a 3-year Strategic Partnership for RMB 180 Million Lithium-Ion Battery Order with Echom
Rhea-AI Summary
CBAK Energy Technology, Inc. announces a strategic agreement with Guangzhou Echom Science & Technology Co., Ltd. Echom will purchase approximately RMB 180 million worth of CBAK Energy's cylindrical lithium-ion batteries over the next three years. In exchange, Nanjing CBAK will guarantee a consistent supply of the specified battery products. This partnership strengthens CBAK Energy's position in the market and demonstrates recognition of their high-power lithium-ion batteries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
partnership
Stock CBAT logo
CBAK Energy Technology Inc

Nasdaq:CBAT

CBAT Rankings

#4324 Ranked by Market Cap
#4033 Ranked by Stock Gains
N/A Ranked by Dividends

CBAT Stock Data

85.43M
71.70M
19.88%
2.03%
1.16%
Storage Battery Manufacturing
Manufacturing
Link
China
Dalian

About CBAT

cbak energy technology, inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in mainland china, the united states, europe, taiwan, israel, and internationally. its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. the company was formerly known as china bak battery, inc. and changed its name to cbak energy technology, inc. in january 2017. cbak energy technology, inc. was founded in 1999 and is based in dalian, china.