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CBAK Energy Technology, Inc. - $CBAT STOCK NEWS

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

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.

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%
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partnership
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Rhea-AI Sentiment
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-1.57%
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Rhea-AI Sentiment
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-0.76%
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conferences
Rhea-AI Summary
CBAK Energy Technology, Inc. has received an order worth EUR116.5 million (USD124.5 million) of lithium-ion batteries from Viessmann Group. This order, set to be delivered in 2024, brings the total order value received in 2022 and 2023 from Viessmann to approximately EUR176.1 million. Viessmann, a global family business, has revenues of EUR4 billion in 2022 and will be acquired by Carrier Global Corp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.53%
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none
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Rhea-AI Summary
CBAK Energy has secured RMB25 million in funding from Hello Tech for its sodium-ion battery R&D program. Hello Tech will also become CBAK Energy's first client for sodium-ion batteries, potentially placing orders worth several hundred million RMB. This collaboration strengthens CBAK Energy's position as a pioneer in commercializing sodium-ion batteries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.78%
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partnership
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Rhea-AI Summary
CBAK Energy Technology, Inc. will host a Corporate Open Day on June 28, 2023, showcasing its cutting-edge sodium-ion batteries and providing a tour of its manufacturing center in Nanjing. Investors and shareholders are invited to attend in person or virtually.
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Rhea-AI Sentiment
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1.3%
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conferences
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-2.53%
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conferences earnings
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Rhea-AI Sentiment
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-2.15%
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none
Rhea-AI Impact
Rhea-AI Sentiment
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-3.06%
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CBAK Energy Technology, Inc.

Nasdaq:CBAT

CBAT Rankings

CBAT Stock Data

101.16M
71.70M
19.88%
2.03%
1.16%
Storage Battery Manufacturing
Manufacturing
Link
United States of America
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.