CBAK Energy Technology announces expansion in Nanjing

CBAK Energy announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology has successfully signed procurement agreements with all suppliers and completed the prepayment for all necessary production equipment and utilities required for the first two production lines at its Phase II project in Nanjing. Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, “We are thrilled to announce the acceleration of our Phase II project in Nanjing. As part of our broader expansion plan, the addition of these two production lines will significantly enhance our capacity to meet the surging demand from our clients. The flexibility of one of the lines to produce the Model 40135 battery cells opens up exciting new opportunities in the energy storage sector. We will continue to keep our investors informed as we reach key milestones in this transformative project.”