DALIAN, China, Sept. 28, 2020 /PRNewswire/ -- CBAK Energy
Technology, Inc. ("CBAK Energy", NASDAQ: CBAT), a world's leading
lithium-ion battery manufacturer and electric energy solution
provider, announced that its product release of 32140 large-sized
cylindrical tabless battery has officially passed its technical and
Pilot Plant tests which demonstrated its success in product
research of this model. As the requirement of mass production on
this product has been achieved, CBAK Energy is planning for the
construction of new standardized production line which aims to
achieve mass product delivery in the first half of 2021.
The research and development 32140 large-sized cylindrical
battery is the main focus of CBAK Energy in recent years. Compared
to previous 26650 model, the energy capacity of one single cell
increased 5 times as well as 25% increase in energy density and 20%
reduction in cost per kilowatts. Meanwhile, the new model will have
three different versions with three different anode systems in
order to fulfill the need of different markets which are NCM,
LiFePO4 and LiMn2O4.
The tabless design of the battery has dramatically reduced its
internal resistance which also sufficiently solved the problem of
heat dissipation in large-sized lithium-ion battery. In comparison
with Tesla's cathode tabless design in its 4680 model, CBAK's
tabless design has been applied to both anode and cathode of the
battery which greatly improved the performance of each single cell.
By optimizing manufacturing process, the difficulty in electrolyte
drenching has been accomplished which also solved the problem in
design space loss when using tabless design.
"Large-sized cylindrical battery becomes very competitive in
electric vehicle and energy storage market according to its high
energy density, extremely low internal resistance and material cost
and high durability. In the meantime, CBAK is developing more new
series of large-sized batteries with better performance and lower
cost for the sake of the need of the market," said Mr. Yunfei Li, the CEO of CBAK Energy.
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a global leading
high-tech enterprise engaged in the R&D, manufacture, and sales
of high power lithium batteries. The application of its products
and solutions covers such areas as electric vehicles, light
electric vehicles, electric tools, transportation and energy
storage. As the first lithium battery company in China to get listed in NASDAQ in January 2005, CBAK Energy possesses China's first production base specially
engaged in power battery, and has its wholly-owned subsidiary,
Dalian CBAK Energy Technology Co., Ltd, Dalian CBAK Power Battery
Co., Ltd, and a large-scale R&D and production base in
Dalian.
For more information, please visit www.cbak.com.cn.
Safe Harbor Statement
This press release contains forward-looking statements, which
are subject to change. The forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All "forward-looking statements"
relating to the business of CBAK Energy Technology, Inc. and its
subsidiary companies, which can be identified by the use of
forward-looking terminology such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties which could cause actual results to differ. These
factors include but are not limited to: the ability of the Company
to meet its contract or agreement obligations; the uncertain market
for the Company's lithium battery cells; business, macroeconomic,
technological, regulatory, or other factors affecting the
profitability of battery cells designed for energy storage; and
risks related to CBAK Energy's business and risks related to
operating in China. Please refer
to CBAK Energy's Annual Report on Form 10-K for the fiscal year
ended December 31, 2019, as well as
other SEC reports that have been filed since the date of such
annual report, for specific details on risk factors. Given these
risks and uncertainties, you are cautioned not to place undue
reliance on forward-looking statements. CBAK Energy's actual
results could differ materially from those contained in the
forward-looking statements. CBAK Energy undertakes no obligation to
revise or update its forward-looking statements in order to reflect
events or circumstances that may arise after the date of this
release.
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SOURCE CBAK Energy Technology, Inc.