DALIAN, China, April 30, 2025 — CBAK Energy Technology, Inc. (NASDAQ: CBAT), a prominent Chinese lithium-ion and sodium-ion battery and electric energy solution provider, has announced its Q1 2025 performance in the 32140 cylindrical cell market. According to a recent report by the Start Point Institute of Research (SPIR), CBAK Energy’s shipments of 32140 cylindrical cells accounted for 14.6% of the global market share. This places the company fourth globally, following several major multinational competitors, and underscores its increasing influence and competitive edge in the global battery industry.
CBAK Energy previously reported capturing 19% of the global 32140 cylindrical cell market in 2024, based on an earlier SPIR report from February. The company has continued its strong performance into Q1 2025. With ongoing discussions with both current and potential major clients, CBAK Energy is optimistic about maintaining its momentum and further expanding its footprint in the large cylindrical cell market.
“We are delighted to see the continued market acceptance of our 32140 cylindrical cells,” stated Zhiguang Hu, CEO of CBAK Energy. “Our excellent Q1 2025 results highlight our dedication to providing high-quality, dependable energy storage solutions that address the growing needs of our customers. We are committed to innovation and growing our market presence.”
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China focused on the development, production, and sales of new energy high power lithium batteries and related raw materials. The company’s products and solutions are used in electric vehicles, light electric vehicles, electric tools, energy storage systems, uninterruptible power supplies (UPS), and other high-power applications. CBAK Energy became the first Chinese lithium battery manufacturer to list on the Nasdaq Stock Market in January 2006. The company has multiple operating subsidiaries in Dalian, Nanjing, and Shaoxing, along with a large-scale R&D and production facility in Dalian.
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