CBAK Energy Technology, Inc. makes high-power lithium and sodium battery cells for light electric vehicles, electric vehicles, and energy storage applications such as residential power supply and UPS systems. The company also operates a materials business through Hitrans, producing NCM precursor and cathode materials used in lithium batteries. Its operations are organized around battery cell production and battery-material manufacturing, with facilities and subsidiaries in China supporting both businesses. Recent disclosures show the company is actively retooling parts of its battery manufacturing base, including a product upgrade at its Dalian facilities from older 26650 cells to larger 40135 cells. The business is therefore a combination of finished battery products and upstream battery-materials supply, with exposure to both end-market demand and raw-material pricing.
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0.60
0.43
| % | |
|---|---|
| Battery cells | 60% High-power lithium and sodium battery cells sold for light EVs, EVs, and energy storage applications. |
| Battery materials | 40% NCM precursor and cathode materials used in lithium battery manufacturing and related applications. |
CBAK sells to customers that use batteries in light electric vehicles, electric vehicles, and residential energy supply...
Buy high-power batteries for e-bikes, scooters, and similar vehicles; management highlights India and Vietnam as important growth markets.
Buy battery cells for home storage and uninterruptible power supply applications, where product fit and cell format matter.
Buy NCM precursor and cathode materials for use in lithium battery production and related industrial applications.
Buy battery cells for EV applications, though this remains a smaller revenue contributor than light EVs and storage.
The company operates primarily through Chinese manufacturing and operating entities, including facilities in Dalian,...
CBAK is focused on expanding sales of light electric vehicle batteries, particularly in international markets such as...
This segment is showing rebound potential and offers a path to offset weakness in residential energy supply batteries.
Moving to newer cell formats should better match customer preferences and improve competitiveness in key end markets.
New plants and packing lines are needed to support growth, product diversification, and operational flexibility.
More customers and better pricing support revenue growth in the materials segment and reduce concentration risk.
The company faces execution risk from its ongoing product and facility upgrades, especially the transition from older...
The move from Model 26650 to Model 40135 at Dalian has already caused a material revenue decline in residential energy supply batteries.
A meaningful share of growth depends on a limited set of end markets and international expansion targets.
Battery and materials inventories can become obsolete when product specifications change or demand weakens.
The company is spending heavily on new plants and lines, which must be completed and utilized efficiently to generate returns.
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: 11/08/2026