CBAK Energy Technology scores $30-35M battery orders from Anker, boosting its stock nearly 19%.

CBAK Energy Technology secured significant orders worth $30 million to $35 million from Anker Innovations for battery cells, marking a major milestone for the Chinese battery maker. The orders, primarily for large LFP cylindrical batteries used in Anker's portable power supplies, have boosted CBAK's stock by nearly 19%. The companies are also discussing future collaborations, including expanding into overseas markets.

3 months ago
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