DALIAN, China, Feb. 19, 2021 /PRNewswire/ -- 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 it has started the trial
production of its special 26650 lithium battery (the "Special 26650
Battery"). Different from our regular
26650 batteries that the company is currently manufacturing and
selling, the Special 26650 Battery is a self-developed
battery model specifically designed for application in ultra-low
temperature environments. The Special 26650 Battery has delivered
satisfactory test performance
results to date, while the trial's production yield rate has also
been very close to our
required level for mass production. The Company believes that it will be capable of
achieving mass delivery of its Special 26650 Battery by the second
half of 2021.
The Company utilizes self-developed and customized materials
that can be used in extreme environments as the core materials for
its Special 26650 Battery. As a result, the Special 26650 Battery
features a new ultra-low temperature system and can operate
normally in ultra-low temperature environments. The Special 26650
Battery can function properly in
temperatures as low as minus 40 to minus 50 degrees Celsius and can
discharge at a maximum C-rate of 60C at room temperature. Capable
of operating with high efficiency in low-temperature environments,
the Special 26650 Battery has several use cases in high-latitude
and high-altitude low temperature environments, such as energy
storage in ultra-low-temperature environment, base stations,
transportation, unmanned drones, aviation and aerospace areas, as
well as other specific circumstances that require
ultra-low-temperature cells. We believe
our self-developed technology of the Special 26650 Battery
is currently at the forefront of
the industry.
Mr. Yunfei Li, Chief Executive
Officer of CBAK Energy, commented, "We are pleased to announce the
success of our initial trial productions for the Special 26650
Battery and look forward to accelerating its production going
forward. In addition to demonstrating our industry-leading research
and development capabilities, the Special 26650 Battery is highly
attractive to participants in the aviation and aerospace industries
due to its effective ultra-low temperature application. As a
result, we believe that the production of the Special 26650 Battery
will help to fuel our expansion into these markets. Going forward,
we plan to continue leveraging our strong technical strengths to
develop more competitive battery products, thereby expanding our
current portfolio of business layout offerings and generating
additional shareholder value over the long term."
About CBAK Energy
CBAK Energy Technology, Inc. is a leading high-tech enterprise
engaged in the development, manufacturing, and sales of new energy
high power lithium batteries. The applications of the Company's
products and solutions include electric vehicles, light electric
vehicles, electric tools, energy storage, uninterruptible power
supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first
lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK
Energy has multiple operating subsidiaries in Dalian and Nanjing, as well as a large-scale R&D and
production base in Dalian.
For more information, please visit www.cbak.com.cn.
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
materially. 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 unless
expressly requested by applicable law.
Contacts
CBAK Energy Technology, Inc.
Investor Relations Department
Tel: 86-411-39185985
Email: ir@cbak.com.cn
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SOURCE CBAK Energy Technology, Inc.