CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc. successfully concluded its participation at The Battery Show Europe 2026, showcasing its cylindrical cell portfolio for portable, residential energy storage, and high-power applications. The company highlighted its certified 26650 FS4 and fire-tested 26700 FB2 cells, alongside the 40135 LFP cell known for its high energy density, long cycle life, and fast-charging capabilities. Additionally, CBAK Energy introduced its upcoming second-generation 26650 HP/PFS2 product designed for AI data center power supply scenarios, addressing the growing need for stable, high-density, and fast-response power systems.

CBAK Energy Technology, Inc. successfully participated in the 27th Autoexpo Kenya 2026, showcasing its cylindrical cell portfolio for Africa's growing E2W/E3W, battery-swapping, and light electric mobility markets. The company highlighted its 32140 FS series, which offers long cycle life, ultra-low internal resistance, and rugged reliability, with over 77 million units sold globally. CEO Zhiguang Hu emphasized the company's commitment to supporting Africa's transition to cleaner mobility with reliable and scalable battery technologies.

CBAK Energy Technology, Inc. highlighted its scenario-driven Light Electric Vehicles (LEVs) product lineup for Southeast Asia at Autotech & Accessories 2026 in Vietnam. The portfolio includes Full-Tab Large Cylindrical cells and Sodium-Ion batteries, engineered for the region's demanding E2W/E3W market. The company emphasized long-life performance with 40135 FS2 cells offering over 2,500 cycles, pioneering full-tab technology reducing internal resistance to 1.3 mΩ, and class-leading energy density of 172 Wh/kg. These innovations address critical needs for high-performance, thermally stable batteries, attracting significant interest from local partners. CBAK Energy plans to further expand its presence at Autoexpo Kenya in June 2026.

CBAK Energy Technology reported unaudited financial results for the first quarter ended March 31, 2026, with consolidated net revenues growing 99.3% year-over-year to $69.62 million. This growth was driven by increased production capacity and strong demand in segments like Light Electric Vehicles (LEV), which saw a 441.6% revenue increase, and Battery Raw Materials (Hitrans), which grew 120.2% and returned to profitability. However, the company experienced a significant decline in gross margin to 1.5% and an increased net loss of $9.29 million, primarily due to higher unit production costs during the ramp-up of new capacity and delayed pass-through of raw material costs. Management anticipates margin improvement in the second half of the year as new production lines mature and pricing adjustments take effect.

CBAK Energy Technology, Inc. reported its unaudited financial results for the first quarter ended March 31, 2026, with consolidated net revenues nearly doubling to $69.62 million, a 99.3% increase year-over-year. This growth was driven by the gradual release of new production capacity and strong sales momentum in key overseas markets. Despite the robust top-line performance, the company recorded a net loss of $9.29 million, primarily due to higher unit production costs during the ramp-up of new production lines and a temporary delay in passing through increased raw material costs to customers in the battery segment. The Battery Raw Materials segment (Hitrans) demonstrated exceptional growth and returned to profitability.

CBAK Energy Technology, Inc. announced its participation in the Sidoti Micro-Cap Virtual Conference, scheduled for May 20-21, 2026. The company's presentation will take place on Thursday, May 21, 2026, from 9:15 a.m. to 9:45 a.m. ET. Members of CBAK Energy's management team will also be available for virtual one-on-one meetings with interested investors and analysts during the conference.

CBAK Energy Technology, Inc. announced its participation in the 18th China International Battery Fair (CIBF 2026), a significant international exhibition for the battery and new energy industries. The event will take place from May 13-15, 2026, at the Shenzhen World Exhibition & Convention Center. The company plans to showcase product samples and prototypes, including next-generation larger-format battery products currently under development, at Booth T025-1, Hall 5.

CBAK Energy Technology, Inc. received a notice from Nasdaq on April 30, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock traded below this threshold for 30 consecutive business days. While there is no immediate impact on its Nasdaq listing, CBAK Energy has a 180-calendar-day compliance period until October 27, 2026, to regain compliance. Failure to do so may lead to an additional grace period or eventual delisting.

CBAK Energy Technology announced its strong market performance in China's cylindrical battery sector for fiscal year 2025, as validated by the Start Point Institute of Research. The company secured 2nd place for Model 26700/26650 shipments and 3rd place for Model 32140/33140 unit volume. By total energy capacity, CBAK Energy ranked 6th for large cylindrical cell shipments, driven by significant unit shipments and proprietary full-tab technology, positioning them for growth in AGV robotics and AI Data Center BBU markets.