CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“CBAK Power”) has secured an order valued at almost USD7.0 million from a Renowned European Client (the “Partner”).

Founded in Europe, the Partner has been sourcing cylindrical batteries from CBAK Energy for orders valued close to USD55.0 million.

Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, “We are pleased to receive another significant-sized order from our long-term partner, demonstrating the recognition of our battery products by one of our industry-pioneering customers renowned for their manufacturing excellence. We are committed to innovating and delivering high-quality and high-performance batteries to capture more market share and consolidate our leadership position.”