CBAK Energy Announces Collaboration with Ather Energy，One of India’s Top Five Electric Two-Wheeler Manufacturers

DALIAN, China, Jan. 6, 2025 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries, as well as electric energy solutions in China, today announces that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd., has secured purchase orders for its Model 32140 cylindrical lithium-ion battery cells from Ather Energy, one of India's top five electric two-wheeler manufacturers and operator of the country's largest fast-charging network for electric two-wheeler.

The Company’s Model 32140 cylindrical lithium-ion battery cells are highly competitive in the electric two-wheeler, three-wheeler, and light electric vehicle (LEV) markets. As one of India’s largest producers of electric two-wheeler, Ather Energy’s decision to place orders for CBAK Energy’s advanced battery technology underscores the growing demand for high-performance battery solutions in India’s rapidly expanding EV market. Ather Energy will begin integrating CBAK Energy’s Model 32140 battery cells into its electric two-wheeler, with expectations for a long-term partnership and consistent order flow.

Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, “We are excited to announce this strategic partnership with Ather Energy, which signals our successful entry into the rapidly growing LEV market in India. We are confident that our Model 32140 battery cells, perfectly suited for India’s electric two-wheeler market, will help drive future growth. As India’s LEV sector continues to expand, we expect to secure increasing orders and market share, positioning CBAK Energy as a key player in the region’s EV revolution.”

CBAK Energy’s clients with disclosed names include but not limited to:

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About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing 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, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

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In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn