CBAK Energy Announces Collaboration with Ather Energy, one of India's top five electric two-wheeler manufacturers

Core Insights - CBAK Energy Technology, Inc. has secured purchase orders for its Model 32140 cylindrical lithium-ion battery cells from Ather Energy, a leading electric two-wheeler manufacturer in India, indicating a strategic partnership in the growing electric vehicle market [1][2][3] Company Overview - CBAK Energy is a prominent manufacturer of lithium-ion and sodium-ion batteries, focusing on electric energy solutions in China, with a significant presence in the electric vehicle sector [1][4] - The company was the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market in January 2006 and has multiple subsidiaries and a large R&D base in Dalian [4] Market Position - The Model 32140 battery cells are positioned as highly competitive products in the electric two-wheeler, three-wheeler, and light electric vehicle markets, reflecting the increasing demand for advanced battery solutions in India's expanding EV market [2][3] - Ather Energy's decision to integrate CBAK Energy's battery cells into its electric two-wheelers is expected to lead to a long-term partnership and consistent order flow, enhancing CBAK Energy's market share in the region [2][3] Strategic Partnerships - CBAK Energy has established partnerships with various notable clients, including Viessmann Group, PowerOak, and Anker Innovations, indicating a strong order pipeline and diverse client base [3]