CBAK Energy Subsidiary, Dalian CBAK Power Battery Co. Secures ~$7M Order From Renowned European Client
Portfolio Pulse from Benzinga Newsdesk
CBAK Energy Technology, Inc. (NASDAQ:CBAT) announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd., has secured a $7 million order from a renowned European client. This client has previously sourced cylindrical batteries from CBAK Energy for orders valued at nearly $55 million.
June 14, 2024 | 1:10 pm
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CBAK Energy's subsidiary, Dalian CBAK Power Battery Co., Ltd., has secured a $7 million order from a renowned European client, indicating strong demand and potential revenue growth.
The $7 million order from a renowned European client highlights strong demand for CBAK Energy's products, which is likely to positively impact the company's revenue and stock price in the short term.
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