CBAK Energy Technology (CBAT) announced its Q1 2025 market performance for 32140 cylindrical cells, based on the latest findings from the Start Point Institute of Research. According to the SPIR Report, CBAK Energy’s 32140 cylindrical cell shipments captured a notable 14.6% share of the global market, positioning the Company fourth overall-behind only a select group of major multinational competitors-highlighting its growing influence and competitiveness in the global battery sector. Back in February, based on findings from the previous SPIR Report covering 2024, the Company announced it had captured a remarkable 19% share of the global market for 32140 cylindrical cells. Building on that success, CBAK Energy has once again demonstrated strong performance in Q1. With ongoing discussions with major existing and prospective customers, the Company remains confident in its ability to sustain this momentum and further expand its presence in the large cylindrical cell market in the periods ahead.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBAT:
- CBAK Energy, Kandi partner to localize lithium battery facilities in the U.S.
- Kandi Technologie, CBAK Energy announce strategic partnership
- CBAK Energy Reports Strong Battery Segment Growth in 2024
- CBAK Energy Tech’s Earnings Call Highlights Battery Segment Growth
- Options Volatility and Implied Earnings Moves Today, March 17, 2025