CBAK Energy Forms Strategic Partnership with Anker Innovations to Establish Battery Cell Manufacturing Facility in Malaysia, with Potential Orders Valued at Up to US$357 Million
CBAK Energy (NASDAQ: CBAT) has announced a strategic partnership with Anker Innovations to establish a battery cell manufacturing facility in Malaysia. The partnership includes potential orders valued at up to $357 million for CBAK's LFP cylindrical battery models 32140 and 40135.
The Malaysian facility is scheduled to begin mass production by the end of 2025, with construction starting immediately. CBAK Energy has already completed the registration of its Malaysian entity and plans to begin facility renovation next month.
This partnership builds on an existing relationship where Anker Innovations, a global leader in intelligent hardware, has become CBAK's largest customer since 2022, primarily purchasing Model 32140 LFP cylindrical batteries for portable energy storage products in the U.S. market.
CBAK Energy (NASDAQ: CBAT) ha annunciato una partnership strategica con Anker Innovations per la creazione di uno stabilimento di produzione di celle per batterie in Malesia. La collaborazione prevede ordini potenziali per un valore fino a 357 milioni di dollari per i modelli di batterie cilindriche LFP 32140 e 40135 di CBAK.
La struttura malese dovrebbe avviare la produzione di massa entro la fine del 2025, con l'inizio dei lavori di costruzione previsto immediatamente. CBAK Energy ha già completato la registrazione della sua entità in Malesia e prevede di iniziare la ristrutturazione dell'impianto il prossimo mese.
Questa partnership si basa su un rapporto già esistente, poiché Anker Innovations, leader globale nell'hardware intelligente, è diventata il più grande cliente di CBAK dal 2022, acquistando principalmente batterie cilindriche LFP modello 32140 per prodotti di accumulo di energia portatile destinati al mercato statunitense.
CBAK Energy (NASDAQ: CBAT) ha anunciado una alianza estratégica con Anker Innovations para establecer una planta de fabricación de celdas de batería en Malasia. La asociación incluye posibles pedidos por un valor de hasta 357 millones de dólares para los modelos de baterías cilíndricas LFP 32140 y 40135 de CBAK.
La planta en Malasia tiene previsto comenzar la producción en masa a finales de 2025, con la construcción iniciándose de inmediato. CBAK Energy ya ha completado el registro de su entidad en Malasia y planea comenzar la renovación de la instalación el próximo mes.
Esta colaboración se basa en una relación existente, donde Anker Innovations, líder global en hardware inteligente, se ha convertido en el mayor cliente de CBAK desde 2022, comprando principalmente baterías cilíndricas LFP modelo 32140 para productos portátiles de almacenamiento de energía en el mercado estadounidense.
CBAK Energy (NASDAQ: CBAT)는 Anker Innovations와 전략적 파트너십을 맺고 말레이시아에 배터리 셀 제조 시설을 설립한다고 발표했습니다. 이 파트너십에는 CBAK의 LFP 원통형 배터리 모델 32140 및 40135에 대해 최대 3억 5,700만 달러 규모의 잠재 주문이 포함되어 있습니다.
말레이시아 시설은 2025년 말까지 대량 생산을 시작할 예정이며, 건설은 즉시 시작됩니다. CBAK Energy는 이미 말레이시아 법인 등록을 완료했으며 다음 달에 시설 개조를 시작할 계획입니다.
이번 파트너십은 Anker Innovations가 2022년부터 CBAK의 최대 고객으로서 미국 시장의 휴대용 에너지 저장 제품용 모델 32140 LFP 원통형 배터리를 주로 구매해온 기존 관계를 기반으로 합니다.
CBAK Energy (NASDAQ : CBAT) a annoncé un partenariat stratégique avec Anker Innovations pour établir une usine de fabrication de cellules de batterie en Malaisie. Ce partenariat inclut des commandes potentielles d'une valeur allant jusqu'à 357 millions de dollars pour les modèles de batteries cylindriques LFP 32140 et 40135 de CBAK.
L'usine malaisienne devrait commencer la production de masse d'ici la fin 2025, avec un démarrage immédiat des travaux de construction. CBAK Energy a déjà finalisé l'enregistrement de sa filiale malaisienne et prévoit de commencer la rénovation des installations le mois prochain.
Ce partenariat s'appuie sur une relation existante, Anker Innovations, leader mondial du matériel intelligent, étant devenu le plus grand client de CBAK depuis 2022, achetant principalement des batteries cylindriques LFP modèle 32140 pour des produits de stockage d'énergie portables sur le marché américain.
CBAK Energy (NASDAQ: CBAT) hat eine strategische Partnerschaft mit Anker Innovations angekündigt, um eine Batteriezellenfertigungsanlage in Malaysia zu errichten. Die Partnerschaft umfasst potenzielle Aufträge im Wert von bis zu 357 Millionen US-Dollar für CBAKs LFP-Zylinderbatteriemodelle 32140 und 40135.
Die malaysische Anlage soll bis Ende 2025 mit der Massenproduktion beginnen, der Bau startet sofort. CBAK Energy hat die Registrierung seiner malaysischen Tochtergesellschaft bereits abgeschlossen und plant, nächsten Monat mit der Renovierung der Anlage zu beginnen.
Diese Partnerschaft baut auf einer bestehenden Beziehung auf, bei der Anker Innovations, ein weltweit führendes Unternehmen für intelligente Hardware, seit 2022 der größte Kunde von CBAK ist und hauptsächlich das Modell 32140 der LFP-Zylinderbatterien für tragbare Energiespeicherprodukte auf dem US-Markt kauft.
- None.
- Significant capital investment required for Malaysian facility construction
- Execution risks associated with international expansion
- Heavy reliance on single customer (Anker) for significant portion of business
Insights
CBAK Energy's $357M partnership with Anker for Malaysian battery factory significantly expands production capacity and global footprint, strengthening supply chain resilience.
This strategic partnership between CBAK Energy and Anker Innovations represents a transformative development for CBAK's global manufacturing strategy. The establishment of a Malaysian production facility marks CBAK's first significant manufacturing presence outside China, positioning the company to better serve international markets while potentially mitigating geopolitical supply chain risks.
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From a manufacturing perspective, the aggressive timeline—with construction beginning immediately and mass production targeted by end-2025—demonstrates both operational confidence and urgency. Malaysia offers strategic advantages as a manufacturing hub, including lower labor costs than Western markets while providing better access to U.S. and European customers without the trade restrictions facing China-manufactured goods.
The partnership structure, featuring substantial prepayments, provides CBAK with working capital to execute the expansion while creating mutual commitment. For Anker, this arrangement secures dedicated battery cell capacity for its growing portable energy storage business. The evolution of this relationship from simple customer-supplier to strategic manufacturing partners indicates the critical importance of battery supply chain security in today's energy storage market.
This Malaysia expansion significantly enhances CBAK's manufacturing footprint diversification, potentially enabling the company to navigate regional supply chain disruptions more effectively while positioning it for stronger growth in international markets.
DALIAN, China, June 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 comprehensive electric energy solutions in China, today announced that its wholly-owned subsidiary, China BAK Asia Holdings Limited ("China BAK"), has entered into a significant strategic partnership (the “Partnership”) with Anker Innovations Technology Co., Ltd. (Shenzhen Stock Exchange: 300866, “Anker Innovations”), a global leader in intelligent hardware and one of CBAK Energy’s largest customers. As part of this Partnership, CBAK Energy will establish a new battery cell manufacturing facility in Malaysia (the “Malaysian Project”), with construction beginning immediately. The facility is expected to commence mass production of the Company’s flagship LFP cylindrical battery models, 32140 and 40135, by the end of 2025.
In recognition of CBAK Energy’s commitment to expanding its global manufacturing presence, Anker Innovations and CBAK Energy have established a long-term cooperation framework, with potential orders valued at approximately US
CBAK Energy has completed the registration of its Malaysian entity and expects to begin facility renovation as early as next month.
Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, “We are thrilled to enter into this strategic partnership with Anker Innovations, a highly respected and globally recognized brand. This long-term order commitment, along with substantial prepayments, reflects Anker’s strong confidence in our technical capabilities, product performance, and manufacturing quality. We are fully committed to allocating all necessary internal resources to ensure the successful launch of the Malaysian Project and the fulfillment of this transformative order.”
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
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