CBAK Energy Announces Collaboration with Ather Energy, one of India’s top five electric two-wheeler manufacturers
DALIAN, China, Jan. 6, 2025 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a leading manufacturer of lithium-ion and sodium-ion batteries, as well as electric energy solutions in China, today announces that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd., has secured purchase orders for its Model 32140 cylindrical lithium-ion battery cells from Ather Energy, one of India’s top five electric two-wheeler manufacturers and operator of the country’s largest fast-charging network for electric two-wheeler.
The Company’s Model 32140 cylindrical lithium-ion battery cells are highly competitive in the electric two-wheeler, three-wheeler, and light electric vehicle (LEV) markets. As one of India’s largest producers of electric two-wheeler, Ather Energy’s decision to place orders for CBAK Energy’s advanced battery technology underscores the growing demand for high-performance battery solutions in India’s rapidly expanding EV market. Ather Energy will begin integrating CBAK Energy’s Model 32140 battery cells into its electric two-wheeler, with expectations for a long-term partnership and consistent order flow.
Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented,
We are excited to announce this strategic partnership with Ather Energy, which signals our successful entry into the rapidly growing LEV market in India.
“We are confident that our Model 32140 battery cells, perfectly suited for India’s electric two-wheeler market, will help drive future growth. As India’s LEV sector continues to expand, we expect to secure increasing orders and market share, positioning CBAK Energy as a key player in the region’s EV revolution.”
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CBAK Energy Announces Collaboration with Ather Energy, one of India’s top five electric two-wheeler manufacturers, source
