FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Asia EVK New Energy Auto Ltd
2. Issuer Name and Ticker or Trading Symbol

CBAK Energy Technology, Inc. [ CBAT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

FLAT/RM B, 8/F, WING ON CHEONG BLDG, 5 WING LOK STREET, CENTRAL
3. Date of Earliest Transaction (MM/DD/YYYY)

6/3/2020
(Street)

HONG KONG, K3 0000000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 6/3/2020  P(1)  2151017 A$0.48 9702615 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) On June 3, 2020, the Reporting Persons acquired 2,151,017 shares of common stock of the Issuer by cancelling a loan of approximately $1.03 million that the Issuer owed to the Reporting Persons, at the exchange price of $0.48 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Asia EVK New Energy Auto Ltd
FLAT/RM B, 8/F, WING ON CHEONG BLDG
5 WING LOK STREET, CENTRAL
HONG KONG, K3 0000000

X

Li Mu
A-3003, PENGDUDASHA, NANGUANG ROAD
NANSHAN DISTRICT
SHENZHEN, F4 518054

X

Qi Wei
3-B1005, HUAYUAN, TIANJIAN XIANDAICHENG
LONGGANG DISTRICT
SHENZHEN, F4 518000

X


Signatures
/s/ Mu Li Director of Asia EVK New Energy Auto Limited6/5/2020
**Signature of Reporting PersonDate

/s/ Mu Li6/5/2020
**Signature of Reporting PersonDate

/s/ Wei Qi6/5/2020
**Signature of Reporting PersonDate

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