DALIAN, China, July 21, 2023 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ:CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. ("Dalian CBAK"), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the "Shangqiu City") and partnering entities (the "Lessor"). These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.
Read more at prnewswire.comCBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China
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