CBAK Energy Technology (CBAT) 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 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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBAT: