DALIAN, China, Sept. 16, 2026 (GLOBE NEWSWIRE) -- CBAK Energy Technology Limited (NASDAQ:CBAT) ("CBAK Energy" or the "Company"), a leading China-based lithium-ion battery manufacturer and energy solutions provider, today announced that its Chief Financial Officer, Jiewei Li, will present at the October 2026 Emerging Growth Virtual Equity Conference, hosted by Noble Capital Markets, on October 1, 2026. The presentation will highlight the completed ramp-up of the Company’s Nanjing Phase II facility and the associated decline in unit production costs, growth in Model 32140 cell shipments, the approximately US$96 million Indian customer order, progress in customer validation of its full-tab 26650 lithium iron phosphate ("LFP") cells for battery backup unit ("BBU") and uninterruptible power supply ("UPS") applications in AI data centers, and first-quarter 2026 revenue growth.

DATE: October 1, 2026

TIME: 9:30 – 10:00 a.m. ET

Mr. Li will deliver a corporate presentation and participate in a live Q&A session. The conference will also offer scheduled one-on-one meetings with qualified investors. Investors are encouraged to register in advance and visit the conference website for the latest agenda, meeting availability and event updates.

Learn more about the event at https://nobleconference.com/virtual/

Recent Company Highlights

Manufacturing Expansion and Lower Unit Costs: CBAK Energy completed the ramp-up of its Nanjing Phase II facility in August 2026. As previously disclosed, unit production costs have declined following completion of the ramp-up. Shipments of the Company’s Model 32140 cells reached approximately 32.55 million units during the first seven months of 2026, up 101.5% year over year and approximately 8.6% above full-year 2025 shipment volume. Daily production capacity at the Nanjing Phase II facility reached approximately 177,800 cells in July 2026, up 174.0% from January 2026.
Approximately US$96 Million Indian Order: In August 2026, the Company secured a battery cell order from one of India’s leading two- and three-wheeler manufacturers, with an estimated value of approximately US$96 million, excluding applicable taxes. The Company expects to complete deliveries in 2027, and the order is expected to bring the designated manufacturing facility to full capacity utilization. The Company is also in advanced discussions with another prospective customer that ranks among India’s five largest two- and three-wheeler manufacturers regarding a potentially sizable order for the same cell model.
AI Data Center Validation Advances to Module Level: The Company’s 26650 HP V2.0 and 26650 PFS2 V2.0 full-tab LFP cells, developed for BBU and UPS applications in AI data centers, continue to undergo customer testing and validation. Multiple prospective customers have advanced to module-level validation. Under specified internal test conditions, the cells recorded internal resistance below 3 mΩ and achieved maximum discharge power of approximately 260 W and 310 W, respectively.
First-Quarter Revenue Growth: First-quarter 2026 unaudited net revenues increased 99.3% year over year to US$69.62 million, and net revenues from light electric vehicle applications increased 441.6% year over year to US$15.41 million.

About CBAK Energy

CBAK Energy Technology Limited (NASDAQ:CBAT) is a leading China-based high-tech company engaged in the development, manufacture and sale of high-power lithium-ion and sodium-ion batteries, as well as materials used in the manufacture of high-power lithium-ion batteries. The Company’s battery cell production, research and development, and sales operations are located in Nanjing, Dalian and Shangqiu. The Company also operates battery cell research and development centers in both Nanjing and Dalian. Its raw materials operations, including production, research and development, and sales, are headquartered in Shaoxing. The Company’s products and solutions serve electric vehicles, light electric vehicles, energy storage systems and other high-power applications. In January 2006, CBAK Energy became the first Chinese lithium battery manufacturer to be listed on the Nasdaq Stock Market.

About Noble Capital Markets

Established in 1984, Noble Capital Markets is an SEC- and FINRA-registered full-service investment bank and advisory firm serving public and private middle-market companies and investors. The firm provides investment banking, equity research, corporate access, and institutional sales and trading services.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include statements regarding the Company’s expected participation in the Noble Capital Markets October 2026 Emerging Growth Virtual Equity Conference, its planned presentation and related investor meetings; the timing and fulfillment of the approximately US$96 million Indian customer order and its expected impact on production capacity utilization; the outcome, timing, volume, value and terms of the Company’s discussions with another prospective Indian customer and whether those discussions result in a definitive order; and customer testing, validation and qualification of the Company’s AI data center backup power products, potential customer demand for such products and whether testing and qualification result in commercial orders.

These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include changes to the conference schedule, format or the Company’s participation; changes in customer demand, product adoption, order timing or order volumes; order modifications, delays or cancellations; production interruptions, shortages of raw materials, product quality issues, logistics disruptions or working capital constraints; the Company’s ability to fulfill the approximately US$96 million Indian customer order and translate it into production, shipments, revenue and customer payment; the possibility that the prospective Indian customer discussions do not result in a definitive order, or result in an order with a smaller volume or value, different terms or later timing than expected; the outcomes of customer testing, validation and qualification, whether products meet customer requirements and whether testing and qualification result in commercial orders; and other risks described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Investor Relations

Email: ir@cbak.com.cn

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