CBAK Energy Captures 14.6% Share of 32140 Cylindrical Cell Market in Q1 2025
Rhea-AI Summary
CBAK Energy has secured a 14.6% market share in the global 32140 cylindrical cell market during Q1 2025, according to the Start Point Institute of Research (SPIR). This positions the company fourth globally among major battery manufacturers.
The Chinese battery maker's performance follows its strong showing in 2024, where it captured 19% of the global market share. The company, which specializes in lithium-ion and sodium-ion batteries, remains optimistic about maintaining this momentum through ongoing discussions with major customers.
CEO Zhiguang Hu emphasized the company's commitment to delivering high-quality energy storage solutions and expanding their market presence. The latest market share data demonstrates CBAK's growing influence in the global battery sector, particularly in large cylindrical cells.
Positive
- Captured 14.6% global market share in 32140 cylindrical cells for Q1 2025, ranking 4th globally
- Maintained strong market position from previous 19% share in 2024
- Ongoing discussions with major customers suggest potential for further market expansion
Negative
- Market share declined from 19% in 2024 to 14.6% in Q1 2025
- Trailing behind three competitors in global market position
News Market Reaction – CBAT
In the trading session that priced this news, CBAT declined 2.17%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALIAN, China, April 30, 2025 (GLOBE NEWSWIRE) -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced its Q1 2025 market performance for 32140 cylindrical cells, based on the latest findings from the Start Point Institute of Research (“SPIR”, “SPIR Report”). According to the SPIR Report, CBAK Energy’s 32140 cylindrical cell shipments captured a notable
Back in February, based on findings from the previous SPIR Report covering 2024, the Company announced it had captured a remarkable
"We are pleased to see our 32140 cylindrical cells continue to gain market acceptance," said Zhiguang Hu, Chief Executive Officer of CBAK Energy. "Our outstanding performance in Q1 2025 underscores our commitment to delivering high-quality, reliable energy storage solutions that meet the growing demands of our customers. We remain focused on innovation and expanding our market presence."
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing 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, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.
For more information, please visit ir.cbak.com.cn.
Safe Harbor Statement
This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.
The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
For further inquiries, please contact:
In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn
