CBAK Energy Technology: 7 Things for CBAT Stock Investors to Know About the Chinese Battery Company

CBAK Energy Technology (NASDAQ:CBAT) is seeing shares of CBAT stock head higher on Friday despite no new news from the company.

A magnifying glass zooms in on the website for CBAK Energy Technology (CBAT)
Source: Pavel Kapysh /

The increase in price for CBAT stock comes alongside an increase in trading. The company has seen roughly 50 million shares change hands as of this writing. That’s a massive increase over its daily average trading volume of 8.91 million shares.

Here’s what potential investors in CBAT stock need to know about CBAK Energy Technology.

  • CBAK Energy Technology is a Chinese company founded in 2001.
  • Its focus is on research and development, manufacture, and sales of high-power lithium batteries.
  • This has it offering a wide variety of products for customers to make use of.
  • That ranges to batteries for electric vehicles, as well as backup energy storage.
  • Its EV battery offerings include those made for light EVs, normal EVs, and electric buses.
  • The company joined the public market in 2006 when it listed shares of CBAT stock on the Nasdaq.
  • Yunfei Li is the leader of the company serving in the chairman, president, and CEO roles since 2016.

CBAK Energy Technology isn’t the only EV-related company that saw its shares soar today. Niu Technologies (NASDAQ:NIU), another Chinese company and maker of two-wheeled EVs, also got a boost to its stock with heavy trading today. The increase likely has to due with current projections concerning the U.S. presidential elections.

CBAT stock was up 61.2% as of Friday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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