CBAK Energy Technology, Inc.

# CBAK Energy Technology, Inc. (CBAT)

Incorporated in Nevada and headquartered in Dalian, China, CBAK Energy Technology manufactures and distributes lithium-ion and sodium-ion batteries for various applications. The company produces both standard and customized battery solutions alongside precursor and cathode materials for battery production. Its primary end markets include electric vehicles—including passenger cars, buses, and commercial vehicles—as well as electric two and three-wheelers, electric motorcycles, and stationary energy storage systems for residential and industrial applications.

The company operates through two primary segments: CBAK and Hitrans. CBAK focuses on battery manufacturing and commercialization, while Hitrans contributes additional manufacturing and distribution capabilities. Beyond battery assembly, the company is involved in the upstream production of nickel-cobalt-manganese precursor materials and finished cathode materials, positioning it across portions of the battery supply chain.

Geographically, CBAK derives business from Mainland China, Europe, and international markets. The company operates with approximately 1,463 full-time employees. The operation reflects scale typical of mid-sized battery manufacturers serving the electric vehicle and energy storage sectors, where demand has grown alongside global electrification trends. The company changed its name from China BAK Battery, Inc. to CBAK Energy Technology, Inc. in January 2017.