DALIAN, China, Aug. 23, 2021 /PRNewswire/ -- CBAK Energy
Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"),
a leading lithium-ion battery manufacturer and electric energy
solution provider, today announced that its wholly-owned
subsidiary Dalian CBAK Power Battery Co. ("CBAK Power") has
obtained performance certification from the world's leading
testing, inspection and certification company SGS for its special
26650 lithium-ion battery (the "Special 26650 Battery),
specifically designed for the ultra-low temperature
application.
CBAK Power is the world's first company to have received such
certification from SGS, an internationally recognized inspection,
appraisal, testing and certification organization and a recognized
globally benchmark for quality and integrity, for battery
technology in ultra-low temperature environments. SGS granted the
Special 26650 Battery the certification after conducting various
rate performance tests at different temperatures between -50°C and
30°C to a sample group provided by CBAK Power.
Mr. Yunfei Li, Chief Executive
Officer of CBAK Energy, commented, "The certification is a great
testament to the operational efficiency of our unique batteries in
ultra-low temperature environments as well as to our cutting-edge
research and development capabilities. Our Special 26650 Battery
receiving this certification further cements our technological
leadership in the industry. By leveraging the prestigious
third-party test report, we are well positioned to have this
advanced product resonate with a growing customer base. In order to
address diversified market demands, we will continue to build upon
our strong technological strengths to innovate and expand our
battery product portfolio."
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading
high-tech enterprise in China engaged in the development,
manufacturing, and sales of new energy high power lithium
batteries. The applications of the Company's products and solutions
include electric vehicles, light electric vehicles, electric tools,
energy storage, uninterruptible power supply (UPS), and other
high-power applications. In January 2006, CBAK Energy became
the first lithium battery manufacturer in China listed on
the Nasdaq Stock Market. CBAK Energy has multiple operating
subsidiaries in Dalian and Nanjing, as well as a
large-scale R&D and production base in Dalian.
For more information, please visit www.cbak.com.cn.
Safe Harbor Statement
This press release contains forward-looking statements, which
are subject to change. The forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All "forward-looking statements"
relating to the business of CBAK Energy Technology, Inc. and its
subsidiary companies, which can be identified by the use of
forward-looking terminology such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties which could cause actual results to differ
materially. These factors include but are not limited to: the
ability of the Company to meet its contract or agreement
obligations; the uncertain market for the Company's lithium battery
cells; business, macroeconomic, technological, regulatory, or other
factors affecting the profitability of battery cells designed for
energy storage; and risks related to CBAK Energy's business and
risks related to operating in China. Please refer to CBAK
Energy's most recent Annual Report on Form 10-K, as well as other
SEC reports that have been filed since the date of such annual
report, for specific details on risk factors. Given these risks and
uncertainties, you are cautioned not to place undue reliance on
forward-looking statements. CBAK Energy's actual results could
differ materially from those contained in the forward-looking
statements. CBAK Energy undertakes no obligation to revise or
update its forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release unless
expressly requested by applicable law.
For investor and media inquiries, please contact:
In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Phone: 86-411-39185985
Email: ir@cbak.com.cn
The Blueshirt Group
Ms. Feifei Shen
Phone: +86 13466566136
Email: feifei@blueshirtgroup.com
In the United
States:
The Blueshirt Group
Ms. Julia Qian
Phone: +1 973-619-3227
Email: Julia@blueshirtgroup.com
The Blueshirt Group
Ms. Marlene Pan
Phone: +1 917-863-6818
Email: marlene@blueshirtgroup.com
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SOURCE CBAK Energy Technology, Inc.