DALIAN, China, Sept. 15, 2020 /PRNewswire/ -- CBAK Energy
Technology, Inc. ("CBAK Energy", NASDAQ: CBAT), a world's leading
lithium-ion battery manufacturer and electric energy solution
provider, announced that its wholly owned subsidiary, Dalian CBAK
Power Battery CO., LTD., ("CBAK Battery", or the
"Company") has successfully entered into the supplier base of
Haier Group and won the bidding for Haier project in the smart home
market. CBAK Battery is going to help Haier build the Intelligent
manufacturing information system, produce more favorable home
appliance by consumers and the products fit their life style
better.
"CBAK has many years of experience in Lithium ion battery, and
we are exploring the home appliance sector. At the beginning of the
design, we have already begun our full contact with our customer.
We applied our experience in lithium ion battery from electrical
design to structure design and outer look, giving them the best
user experience. In the future we are going to conduct more point
to point project development, devote ourselves fully into the smart
home appliance field, which is a blue sea market," commented Mr. Yunfei Li, the CEO of CBAK Energy.
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a global leading
high-tech enterprise engaged in the R&D, manufacture, and sales
of high power lithium batteries. The application of its products
and solutions covers such areas as electric vehicles, light
electric vehicles, electric tools, transportation and energy
storage. As the first lithium battery company in China to get listed in NASDAQ in January 2005, CBAK Energy possesses China's first production base specially
engaged in power battery, and has its wholly-owned subsidiary,
Dalian CBAK Energy Technology Co., Ltd, Dalian CBAK Power Battery
Co., Ltd, and a large-scale R&D and production base in
Dalian.
For more information, please visit www.cbak.com.cn.
About Haier Group
Established at Qingdao, China
in 1984, Haier Group is a world-leading provider of solutions to
better life. Haier has topped Global Major Appliances Brand
Rankings by Euromonitor International for 11 consecutive years. Its
subsidiary Haier Smart Home is among the list of Global 500 and the
World's Most Admired Companies of Fortune and the World's 2,000
Largest Public Companies of Forbes. Its new species COSMOPlat
industrial Internet platform leads the top ten trans-industry and
-field industrial Internet platforms of the Ministry of Industry
and Information Technology and named a leader in Forrester's
Industrial IoT Platform and designated by the three international
standard organizations, including ISO, IEEE and IEC to lead the
drafting of international standards for mass customization
models...In the era of IoT, Haier's ecosystem brand is leading the
world.
For more information, please visit www.haier.com.
Safe Harbor Statement
This press release contains forward-looking statements, which
are subject to change. The forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All "forward-looking statements"
relating to the business of CBAK Energy Technology, Inc. and its
subsidiary companies, which can be identified by the use of
forward-looking terminology such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties which could cause actual results to differ. These
factors include but are not limited to: the ability of the Company
to meet its contract or agreement obligations; the uncertain market
for the Company's lithium battery cells; business, macroeconomic,
technological, regulatory, or other factors affecting the
profitability of battery cells designed for energy storage; and
risks related to CBAK Energy's business and risks related to
operating in China. Please refer
to CBAK Energy's Annual Report on Form 10-K for the fiscal year
ended December 31, 2019, as well as
other SEC reports that have been filed since the date of such
annual report, for specific details on risk factors. Given these
risks and uncertainties, you are cautioned not to place undue
reliance on forward-looking statements. CBAK Energy's actual
results could differ materially from those contained in the
forward-looking statements. CBAK Energy undertakes no obligation to
revise or update its forward-looking statements in order to reflect
events or circumstances that may arise after the date of this
release.
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SOURCE China BAK Battery, Inc.