CBAK Energy Technology released its third-quarter results, which included a substantial improvement in sales to Light Electric Vehicle (LEV) customers and a rebound in the company's raw material business. The company has commenced production of larger-format 40135 cells at its Dalian facility and anticipates increasing its production capacity to 100,000 cells per day by year-end. The Nanjing facility expansion is also expected to be announced in the coming weeks, accompanied by a planned video walkthrough. CBAK entered 2025 with 2.3 GWh of battery cell capacity, and we expect the company to have over 6 GWh of capacity by early 2026. This expansion could offer significant upside to our current projections.
