---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-038526"
form_type: "8-K"
ticker: "CBAT"
cik: "0001117171"
company_name: "CBAK Energy Technology, Inc."
filed_at: "2021-07-26T23:59:59+00:00"
generated_at: "2026-06-30T02:28:02.221856+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CBAK Energy to acquire 81.56% of Hitrans for ~$24.5M; aims to close Q3 2021

## Summary
- Total consideration RMB158.74M (~$24.5M) for 81.56% equity of Hitrans, a lithium battery material supplier.
- Acquisition includes 60% from Meidu Graphene for RMB118M ($18.21M) and 21.56% from management for RMB40.74M ($6.29M).
- CBAK Power to lend Hitrans RMB131M ($20.22M) to remove existing freezes on shares due to litigation.
- Company expects to strengthen supply chain and competitiveness in high-power lithium battery market.
- Previous security deposit of $3.05M partially returned; Juzhong Daxin retains RMB5M ($0.77M) as commission.

## SEC filing metadata
- accession: 0001213900-21-038526
- form_type: 8-K
- ticker: CBAT
- cik: 0001117171
- company_name: CBAK Energy Technology, Inc.
- filed_at: 2021-07-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1117171/000121390021038526/0001213900-21-038526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1117171/000121390021038526/ea144728-8k_cbakenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-038526
- JSON: https://secwatch.observer/filing/0001213900-21-038526.json
- Plain text: https://secwatch.observer/filing/0001213900-21-038526.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.