CBAK Energy Engages FAW, one of China’s largest EV makers, in Strategic Talks on New EV Battery Model 46950
Rhea-AI Summary
Positive
- New Model 46950 offers up to 65.64% higher energy density than current Model 32140
- Model 46950 features 4C fast charging, double the speed of current 2C capability
- Strategic engagement with FAW, one of China's largest EV manufacturers, signals potential market expansion
- Two variants (NCM and hybrid LMFP/NCM) provide flexibility for different EV applications
Negative
- Model 46950 is still in laboratory testing phase and won't launch until next year
- No firm commitment or agreement has been reached with FAW yet
- Re-entering EV market implies previous exit, suggesting past challenges in this segment
News Market Reaction
On the day this news was published, CBAT gained 0.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DALIAN, China, June 11, 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 a provider of comprehensive electric energy solutions in China, today announced that members of its Research & Development and Sales teams recently visited China First Automotive Works (FAW) Group Co., Ltd. at the company’s headquarters in Changchun, Jilin Province.
The delegation was led by Mr. Suijun Shang, Principal of the Academy of Research & Development at CBAK Energy, and included senior managers from the Sales Department. They were received by the Principal of FAW’s own Academy of Research & Development. During the meeting, both parties exchanged insights on potential collaboration opportunities, including the prospective supply of CBAK Energy’s upcoming Model 46950 cell, which shares key design characteristics with the widely recognized Model 46800.
CBAK Energy’s Series 46 production line includes two variants of the Model 46950, utilizing either NCM (Nickel Cobalt Manganese) chemistry or a hybrid of LMFP (Lithium Manganese Iron Phosphate) and NCM. Specifically engineered for electric vehicle (EV) applications, these advanced cells deliver an energy density approximately
These innovative products are currently undergoing laboratory testing and are expected to be officially launched next year. With the introduction of the Model 46950, CBAK Energy is positioning itself to re-enter the EV battery market.
Zhiguang Hu, Chief Executive Officer of CBAK Energy, stated: “We are pleased to have engaged in meaningful discussions with FAW, one of China’s leading EV manufacturers. Reestablishing connections with former partners, especially with the forthcoming Model 46950, signals our strategic intention to return to the EV market. We anticipate that this type of industry dialogue will become increasingly frequent as we move closer to announcing the mass production of the Model 46950.”
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
FAQ
What are the key features of CBAK Energy's new Model 46950 battery?
When will CBAK Energy (CBAT) launch the Model 46950 battery?
What is the significance of CBAK Energy's meeting with FAW?
How does the Model 46950 compare to CBAK's current Model 32140?
What battery chemistry options are available for CBAK's Model 46950?
