CBAK Energy Announces Expansion in Nanjing: Equipment Procurement Completed and Trial Production Set for May 2025, Adding 3GWh of Capacity | PR Newswire [Video]

, /PRNewswire/ — 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 that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”), has successfully signed procurement agreements with all suppliers and completed the prepayment for all necessary production equipment and utilities required for the first two production lines at its Phase II project in Nanjing.

Launched in 2021, the Company’s Nanjing project is structured in two phases. Phase I began mass production of its flagship 32140 large cylindrical lithium-ion cells in late 2021, with an actual capacity of approximately 1.3GWh, distributed across two production lines. Phase II, representing a significant expansion, is designed to scale up to a planned capacity of 27GWh. Driven by the soaring demand for the Company’s 32140 battery cells in 2024, Phase I is currently …