CBAK Energy Technology, Inc. engages in the development, manufacture, and sale. of lithium ion rechargeable batteries. It offers aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell, and high-power lithium battery cell. Its products are used for electronic vehicles; light electric vehicles; and electric tools, energy storage, uninterruptible power supply, and other high power applications. The company was founded in August 2001 and is headquartered in Dalian, China.
Shares of Chinese electric car battery maker CBAK Energy Technology (NASDAQ: CBAT) rushed ahead more than 19% in early trading Monday, before pausing and retracing in the afternoon. As of 1:35 p.m. EST, CBAT shares remain up a respectable 3.2%. In a press release this morning, CBAK announced that it has signed "a one-year strategic cooperation framework agreement" with Chinese light electric truck manufacturer Chengdu Raja New Energy Automotive Technology.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that its wholly-owned subsidiary, Dalian CBAK Energy Technology Co., LTD ("Dalian CBAK"), recently signed a one-year strategic cooperation framework agreement (the "Agreement") with Chengdu Raja New Energy Automotive Technology Co., Ltd. ("Raja"). As part of the Agreement, the two parties plan to jointly develop a battery swapping project for the food delivery and logistics industries as well as an uninterruptible power supply ("UPS") project for traffic lights. Both parties will utilize their respective competitive advantages in their establishment of a long-term strategic cooperative relationship.
NEW YORK, Jan. 23, 2021 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against CBAK Energy Technology, Inc. (“CBAK” or the “Company”) (NASDAQ:CBAT). If you suffered losses exceeding $50,000 investing in CBAK stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/CBAT or call Faruqi & Faruqi partner James Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). There is no cost or obligation to you. FARUQI & FARUQI, LLP685 Third Avenue, 26th FloorNew York, NY [email protected] On December 18, 2020, J Capital Research published a report titled "The Undead: CBAT Why China BAK Has Zero Value.” The report stated that...
NEW YORK--(BUSINESS WIRE)-- #CBAKEnergy--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against CBAK Energy Technology, Inc. (NASDAQ: CBAT) on behalf of CBAK stockholders. Our investigation concerns whether CBAK has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On December 18, 2020, J Capital Research (“J Capital”) published a report entitled “The Undea