CBAK Energy Technology, Inc. - Common Stock (CBAT)
0.6800
-0.0470 (-6.46%)
NASDAQ · Last Trade: Apr 6th, 1:17 AM EDT
Detailed Quote
Previous Close
0.7270
Open
0.7000
Bid
0.6503
Ask
0.7100
Day's Range
0.6308 - 0.7013
52 Week Range
0.6308 - 2.080
Volume
568,310
Market Cap
60.12M
PE Ratio (TTM)
5.231
EPS (TTM)
0.1
Dividend & Yield
N/A (N/A)
1 Month Average Volume
177,057
Chart
About CBAK Energy Technology, Inc. - Common Stock (CBAT)
Cbak Energy Technology Inc is a company focused on the development and production of advanced energy storage solutions, particularly lithium-ion batteries. The company specializes in the innovative design and manufacturing of battery systems aimed at enhancing the performance and efficiency of energy storage for various applications, including electric vehicles and renewable energy systems. Cbak Energy Technology is dedicated to advancing clean energy technologies, thereby contributing to a sustainable future while addressing the growing demand for reliable and efficient power storage options. Through its research and development efforts, the company strives to lead in the rapidly evolving energy technology sector. Read More
DALIAN, China, Feb. 24, 2025 (GLOBE NEWSWIRE) -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced its significant global market share in the rapidly growing large cylindrical battery segment, which saw remarkable growth in 2024.
CBAK Energy Technology, Inc. reported Q1 FY24 results, with revenue up 38.7%, gross margin up to 31.9%, and net income of $9.8 million. EPS of $0.11 beat consensus. Expecting strong growth for the year.
CBAT reported Q4 FY23 revenue increase of 3.2% Y/Y to $56.2M. Battery business up 30.9%, but net revenues from batteries used in light electric vehicles down 69.5%.
