CBAK Energy Agrees on Battery Supply Framework with European Customer
Key Highlights
- ➤Cumulative European Customer orders exceeded US$4.5 million as of September 27, 2026
- ➤CBAK Energy (CBAT) expects annual current-business sales above US$30 million in 2027 and 2028
- ➤Higher-capacity cell commercial deliveries expected to begin in 2027, excluding annual sales estimates
- ➤Near-term purchase orders have not yet been received; sales estimates are nonbinding
Expert Statements
Zhiguang Hu, Chief Executive Officer of CBAK Energy
“The framework is in place, and we are confident that more orders will follow”
Zhiguang Hu, Chief Executive Officer of CBAK Energy
“We have begun supplying the customer and expect sales to increase in the coming years.”
Zhiguang Hu, Chief Executive Officer of CBAK Energy
“Our technology and manufacturing experience were key to winning this business.”
Zhiguang Hu, Chief Executive Officer of CBAK Energy
“We expect to start commercial deliveries of the higher-capacity cell in 2027 and believe it can generate larger orders over a longer period.”
DALIAN, China, Oct. 01, 2026 (GLOBE NEWSWIRE) -- CBAK Energy Technology Limited (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a China-based lithium-ion battery manufacturer and energy solutions provider, today announced that it has agreed on a battery supply framework with a European blue-chip technology company serving automotive and industrial markets worldwide (the “European Customer”). The Company expects orders to be placed in stages under the framework.
The European Customer chose CBAK Energy for its battery technology, manufacturing experience and ability to meet the customer’s requirements for performance and consistent quality.
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