CBAK Energy Reports Approximately US$8.22 Million in Cumulative Orders from AGV Battery Pack Manufacturer

The cumulative order total includes applicable taxes and spans a customer relationship that began in 2022.

Rhea-AI Summary

CBAK Energy (CBAT) reported approximately US$8.22 million in cumulative orders from a battery pack manufacturer serving the automated guided vehicle market.

The total includes applicable taxes and covers orders since the commercial relationship began in 2022, following initial battery cell evaluations in 2021. The customer purchases the company's 26650 PFS2 and 32140 FS cylindrical lithium iron phosphate cells for battery packs used in mobile robots that transport materials. CBAK Energy's 26- and 32-series cells have passed the customer's initial safety and performance evaluations. The company intends to develop its product range and pursue more business in warehouse, logistics and manufacturing automation.

3 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointCustomer orders total approximately US$8.22 million, including applicable taxes, since the commercial relationship began in 2022. 8.9% of market cap
• Minor point26- and 32-series cells passed the customer's initial safety and performance evaluations.
• Minor point. Forward-looking: it has not happened yet and may not happen.CBAK Energy intends to develop its product range and win more business in warehouse, logistics and manufacturing automation.

Negative

• None.

Key Figures

Cumulative orders: US$8.22 million Cycle life: 3,000 cycles Internal resistance: 1.3 mΩ +3 more

Cumulative orders

US$8.22 million

Reported orders since the commercial relationship began in 2022; includes applicable taxes

Cycle life

3,000 cycles

26650 PFS2 cell; Company testing

Internal resistance

1.3 mΩ

32140 FS cell; Company testing

Comparative internal resistance

18% lower

Compared with comparable cells tested

Fast charging rate

2C

32140 FS cell

Full-charge time

30 minutes

32140 FS cell; under specified test conditions

Key Terms

automated guided vehicle, lithium iron phosphate, cycle life, rohs, +1 more

5 terms

automated guided vehicle technical

"a battery pack manufacturer serving the automated guided vehicle (“AGV”) market"

A self‑moving machine used in factories, warehouses, or hospitals to carry materials, tools or goods along programmed routes without a human driver. Think of it like a self‑driving cart or forklift that follows magnets, lasers, QR codes or software maps to move items reliably and repeatedly. Investors care because these vehicles change labor needs, capital spending, throughput and supply‑chain efficiency, which can affect operating costs and growth potential.

lithium iron phosphate technical

"cylindrical lithium iron phosphate (“LFP”) cells for AGV battery packs"

A lithium iron phosphate (LFP) battery is a type of rechargeable lithium-ion battery that uses iron and phosphate in its positive electrode, offering a safer, longer‑lasting but lower energy‑density alternative to some other lithium chemistries. Investors watch LFP because it tends to cost less, resists fire and aging better, and relies on different raw materials and supply chains—factors that influence product pricing, manufacturing costs, and market adoption in electric vehicles and energy storage.

cycle life technical

"achieved a cycle life of 3,000 cycles in Company testing"

Cycle life describes the total number of complete charge and discharge cycles a battery can undergo before its capacity significantly decreases and it no longer performs effectively. It matters to investors because a longer cycle life indicates a more durable battery, which can lead to lower replacement costs and better long-term value for products that rely on rechargeable batteries, such as electric vehicles and energy storage systems.

rohs regulatory

"UN 38.3 transport testing and RoHS restrictions on hazardous substances"

RoHS is a regulatory standard that limits the use of certain hazardous substances—such as lead, mercury and cadmium—in electrical and electronic products, requiring manufacturers to design and label goods to meet chemical limits. For investors it matters because RoHS compliance affects a company’s ability to sell products in many markets, influences manufacturing costs and supply-chain choices, and creates regulatory and reputational risk if companies fail to meet the rules, like a safety checklist that gates market access.

un 38.3 regulatory

"UL safety standards, UN 38.3 transport testing and RoHS restrictions"

A set of mandatory UN tests and criteria (section 38.3 of the UN Recommendations on the Transport of Dangerous Goods) that lithium batteries must pass to be legally transported. The testing program checks battery safety under conditions like altitude simulation, thermal cycling, vibration, shock, external short circuit, impact, overcharge and forced discharge; manufacturers or accredited labs run the tests and document results so shipments can carry the required statement or test summary for air, sea and ground transport. It is a regulatory compliance requirement, not a product performance rating, and failure to provide evidence of UN 38.3 compliance can prevent or restrict transport of batteries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

DALIAN, China, Nov. 03, 2026 (GLOBE NEWSWIRE) -- CBAK Energy Technology Limited (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a China-based lithium-ion battery manufacturer and energy solutions provider, today reported that a battery pack manufacturer serving the automated guided vehicle (“AGV”) market has placed orders totaling approximately US$8.22 million, including applicable taxes, since their commercial relationship began in 2022. Initial battery cell evaluations took place in 2021. The customer purchases CBAK Energy’s 26650 PFS2 and 32140 FS full-tab cylindrical lithium iron phosphate (“LFP”) cells for AGV battery packs. AGVs are mobile robots that transport materials in warehouses and manufacturing facilities.

The Power Demands of AGVs

AGVs often operate across extended shifts with frequent starts, stops and changing loads. These conditions require consistent power delivery, while short charging windows make fast recharging important for reducing downtime. Limited battery space also places demands on pack design and thermal management. Battery pack manufacturers must balance power, charging speed, cycle life and space requirements for each application.

LFP Cells for AGV Battery Packs

For compact warehouse AGVs that move and recharge frequently, CBAK Energy’s 26650 PFS2 full-tab cylindrical LFP cell offers high-rate charging and discharging and achieved a cycle life of 3,000 cycles in Company testing. Its full-tab design helps reduce internal resistance and heat generation during high-current operation. The smaller cylindrical format also gives battery pack manufacturers flexibility when fitting cells into limited space.

For AGVs with higher energy requirements, the Company offers its 32140 FS large cylindrical LFP cell. In Company testing, the cell’s internal resistance was 1.3 mΩ, approximately 18% lower than that of comparable cells tested. It supports 2C fast charging and reached a full charge in approximately 30 minutes under specified test conditions. Its larger format can help reduce the number of cells needed for a battery pack, depending on the required energy capacity and pack design. These features make it an option for AGVs operating on longer routes, carrying heavier loads or working with short charging windows.

Customer Qualification and Ongoing Supply

CBAK Energy’s 26- and 32-series cylindrical LFP cells have passed the customer’s initial safety and performance evaluations. The Company draws on more than two decades of battery manufacturing experience, established quality controls and production capacity in Nanjing and Dalian to support ongoing supply. Its product testing and compliance practices address applicable UL safety standards, UN 38.3 transport testing and RoHS restrictions on hazardous substances. These capabilities support the customer’s qualification process and development of battery packs for different AGV applications.

“AGV applications are an important market for our cylindrical LFP cells,” said Zhiguang Hu, Chief Executive Officer of CBAK Energy. “Our relationship with this customer has grown from initial evaluations into several years of supply. It shows the commercial value of meeting demanding operating requirements while maintaining consistent product quality. Battery pack manufacturers need both suitable cells and a dependable supplier as their applications evolve. We intend to build on this experience to develop our product range and win more business in warehouse, logistics and manufacturing automation.”

About CBAK Energy

CBAK Energy Technology Limited (NASDAQ: CBAT) is a China-based company that develops, manufactures and sells high-power lithium-ion and sodium-ion batteries, as well as materials used in high-power lithium-ion batteries. It has battery cell production, research and development, and sales operations in Nanjing, Dalian and Shangqiu, with research and development centers in Nanjing and Dalian. Its raw materials business is based in Shaoxing. The Company’s products serve electric vehicles, light electric vehicles, energy storage systems and other high-power applications. In January 2006, CBAK Energy became the first Chinese lithium battery manufacturer to be listed on the Nasdaq Stock Market.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include expectations regarding the continued development of the Company’s relationship with its AGV battery pack customer; order fulfillment, future customer demand, product qualification and supply opportunities; the suitability and expected performance of its cylindrical LFP cells in AGV applications; the potential benefits of cell design, fast charging, high-rate discharge and cycle life; the Company’s ability to maintain product quality and reliable supply; and its plans to develop its product range and expand its business in warehouse, logistics and manufacturing automation.

Words such as “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plan,” “target,” “may,” “will,” “would” and “could,” and similar expressions, identify forward-looking statements. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially.

Risks include changes in customer demand, AGV market conditions and product requirements; the timing of order fulfillment and delivery; the outcome of customer testing and qualification; whether existing relationships lead to additional orders or expanded supply; differences between cell test results and actual battery pack or AGV performance; variations in charging time, cycle life and internal resistance under different conditions; manufacturing yields, product quality, production capacity and supply availability; battery pack design and charging strategies; applicable safety, certification, transportation and environmental requirements; competing battery technologies; and other risks described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission.

The cell performance figures in this release were obtained in Company testing under specified conditions. The comparative result applies to the cells tested. Actual battery pack and AGV performance, including charging time and cycle life, will depend on pack design, charging protocols, operating conditions, usage patterns and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.

For more information, please visit: https://en.cbak.com.cn/
Email: marketing@cbak.com.cn
LinkedIn: https://www.linkedin.com/company/cbakenergy
X: https://x.com/CBAKEnergy
Stocktwits: https://stocktwits.com/CBAK_Energy
Investor Relations
Email: ir@cbak.com.cn
Website: https://ir.cbak.com.cn/

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much has CBAK Energy's AGV battery pack customer ordered?

The customer has placed orders totaling approximately US$8.22 million, including applicable taxes, since its commercial relationship with CBAK Energy began in 2022. It purchases 26650 PFS2 and 32140 FS cylindrical lithium iron phosphate cells for automated guided vehicle battery packs.