CBAK Energy enters into agreement with AZAPA R&D china for developing customized battery pack.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, announced that its wholly-owned subsidiary CBAK New Energy (Nanjing) Co., Ltd. (“CBAK Nanjing”) has entered into an agreement with AZAPA R&D China (“AZAPA”) to develop a customized battery pack for the Sino-Japan joint venture that designs and produces electronic control systems and battery and control systems for electric vehicles.
Pursuant to the agreement, this battery pack will initially be used for testing low-speed electric vehicles produced by Daihatsu Motor Co., a subsidiary of Toyota Motor Corporation, while CBAK Nanjing will cooperate with AZAPA to jointly explore international markets. CBAK will deliver three sample battery pack sets to AZAPA by February 2022.
Mr. Yunfei Li, Chief Executive Officer of CBAK Energy commented,
We are very delighted to have partnered with AZAPA.
“The designation of developing the battery pack demonstrates new recognition and trust from the industry in our cutting-edge technology capabilities and empowers us to broaden product offerings for electric vehicles.”
About CBAK Energy
CBAK Energy Technology, Inc. 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.
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CBAK Energy Enters into Agreement with AZAPA R&D China for Developing Customized Battery Pack, DALIAN, China, December 21, 2021
