CBAK Received Order From Viessmann Group For €116.5M Of Lithium-Ion Batteries For 2024
Portfolio Pulse from Benzinga Newsdesk
CBAK Energy Technology (NASDAQ:CBAT) has received an order worth €116.5 million for lithium-ion batteries from Viessmann Group for 2024. This brings the total order value from Viessmann in 2022 and 2023 to approximately €176.1 million.
June 15, 2023 | 12:10 pm
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CBAK Energy Technology receives a €116.5 million order from Viessmann Group for lithium-ion batteries, increasing total orders to €176.1 million.
CBAK Energy Technology has received a significant order from Viessmann Group, a leading European provider of heating, cooling, and renewable energy systems. This order will boost the company's revenues and strengthen its partnership with Viessmann. The news is likely to have a positive impact on CBAT's stock price in the short term.
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