CBAK Energy Technology Inc

NASDAQ:CBAT   3:59:43 PM EDT
3.70
+0.14 (+3.93%)
Products, Strategic Combinations, Expansion

CBAK Energy Technology Says Unit Signed Joint Development Agreement With Wuxi Lead Intelligent Equipment

Published: 12/07/2020 14:27 GMT
CBAK Energy Technology Inc (CBAT) - Cbak Energy Technology Inc - Subsidiary Signed a Joint Development Agreement With Wuxi Lead Intelligent Equipment Co.
Cbak Energy Technology - Two Parties Plan to Jointly Design & Develop Automatic Production Line for Manufacturing Tab-less Power Lithium Batteries.
Cbak Energy Technology - According to Agreement, Co to Prioritize Lead's Automatic Production Line to Manufacture New Power Lithium-ion Batteries.
Cbak Energy Technology - After All Production Lines Reach Production Capacity, Expect Output Value of Rmb 4 Billion (about $600 Million) Will Be Achieved.