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CBAK Energy Unit Secures Orders From India; Shares Rise
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CBAK Energy Unit Secures Orders From India; Shares Rise
Jan 6, 2025 9:24 AM

12:06 PM EST, 01/06/2025 (MT Newswires) -- CBAK Energy Technology ( CBAT ) said Monday its Nanjing CBAK New Energy Technology unit received purchase orders for its Model 32140 cylindrical lithium-ion battery cells from India's Ather Energy.

Ather will start integrating the battery cells into its electric two-wheelers, with expectations for a long-term partnership and "consistent" order flow, the firm said.

The company's shares were up more than 5% in recent trading.

Price: 1.04, Change: +0.06, Percent Change: +5.63

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