CBAK Energy completes acquisition of 81.56% stake in battery materials supplier Hitrans

CBAK Energy Technology, Inc.

Total cash consideration of ~RMB40.74M ($6.31M) for 21.56% stake plus loan arrangement for additional 60%.
CBAK Power becomes largest shareholder with 81.56% equity interest in Hitrans.
Hitrans produces NCM precursors and cathode materials; annual capacity 12,000 tons precursors and 8,000 tons cathode.
Hitrans plans to expand capacity to 50,000 tons by 2023; acquisition aims to strengthen supply chain.
Financial statements of Hitrans to be filed within 71 days after this 8-K.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.