Revenue Growth
Consolidated revenue increased by 36.5% year-over-year to $50.9 million, driven by a recovery in the Hitrans battery raw material segment.
Hitrans Segment Recovery
Hitrans generated approximately $27.2 million in revenue, representing a 143.7% increase year-over-year, with net loss narrowing by 18.8%.
Battery Business Stabilization
Revenue in the battery segment grew 0.7% year-over-year after a short-term decline, with a strong demand for the Model 32140 battery.
New Production Lines
New product line launched at Dalian facility for Model 40135 battery, with an additional 2.3-gigawatt-hour capacity, expected to drive growth in 2026.
Significant Income Increase
Consolidated net income attributable to CBAK Energy shareholders reached $2.65 million, representing a 150-fold increase year-over-year.