Electrification & Mobility▲2
CBAK Energy Secures $96 Million Battery Order from Indian Customer
CBAK Energy Technology Limited has secured a new large-scale order for battery cells from one of India's leading two- and three-wheeler manufacturers, with an estimated value of approximately US$96 million excluding applicable tax. The order is expected to bring the designated manufacturing facility to full capacity, with delivery expected to be completed within calendar year 2027. The Indian Customer previously placed smaller-volume orders, and this new order represents a substantial step-up in volume and a significant expansion in the commercial relationship. CBAK Energy is also in active discussions with another India-based customer regarding a potential large-volume order, though no definitive order has been received.