other material
confidence high
sentiment neutral
materiality 0.70
CBAK Energy starts Nanjing lithium battery plant (0.7 GWh); Dalian operations suspended due to COVID-19
CBAK Energy Technology, Inc.
- Nanjing plant commenced ops with initial capacity of 0.7 GWh for 32140 battery model targeting LEV and EV sectors.
- First phase of Nanjing facility to expand to 2 GWh by end of 2022; second phase raised to 18 GWh from original 6 GWh.
- New Dalian production line for 26700 battery model (0.4 GWh) began ramping up in early November.
- Dalian facility operations suspended due to local COVID-19 containment measures; additional suspension possible.
- Company plans to start second-phase construction of Nanjing facility by end of 2021.