DALIAN, China, Sept. 28, 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 wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd ("Nanjing CBAK"), has reached an agreement with Shenzhen BAK Battery Co., Ltd. ("BAK Battery") to acquire, from BAK Battery, a 5% stake in Shenzhen BAK Power Battery Co., Ltd. ("BAK Power"), an unrelated, well-respected power battery R&D and manufacturing company.
Read more at prnewswire.comCBAK Energy Announces a Strategic Investment in BAK Power
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