CBAK Energy Technology announces $11.6M order from African EV player

CBAK Energy Technology (CBAT) announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology, has received a sizeable order from Africa’s largest EV player with the fastest energy distribution network aided by battery swapping. The order, valued at approximately $11.6M, primarily comprises CBAK Energy’s advanced Model 32140 large LFP cylindrical batteries. Looking ahead, the Company anticipates follow-on orders from this customer totaling up to $55M. As part of this strategic partnership, CBAK Energy will continue to supply its high-performance Model 32140 batteries for integration into the customer’s rapidly expanding fleet of electric motorcycles across the African continent. This collaboration underscores a shared commitment to accelerating the adoption of sustainable mobility solutions in emerging markets.