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 the Company has entered into an agreement with another Chinese high-tech battery maker who is one of the top players leading in the research and development of Na-ion battery to co-develop sodium-ion battery cells.
The sodium-ion battery chemistry is considered to be one of the most promising “beyond-lithium” energy storage technologies, particularly for large-scale electric vehicle and stationary applications. The two companies aim to leverage their respective cutting-edge R&D and production capabilities to jointly promote the mass production of cylindrical sodium-ion battery products. CBAK Energy will provide technical services with respect to battery cell production and testing under this partnership. CBAK Energy anticipates to produce samples in the second half of Year 2022.
Mr. Yunfei Li, Chief Executive Officer of CBAK Energy commented, “The cooperation is part of our continuous commitment to exploring new technologies and product innovation. Sodium-ion battery is drawing significant attention from the battery industry. We believe that this partnership will strengthen our competitiveness and further empower us to widen product offerings as we strive to become a major battery supplier for top light electric vehicle & electric vehicle producers.”
