CBAK Energy Technology (CBAT) said Monday its Nanjing CBAK New Energy Technology unit received purchase orders for its Model 32140 cylindrical lithium-ion battery cells from India's Ather Energy.
Ather will start integrating the battery cells into its electric two-wheelers, with expectations for a long-term partnership and "consistent" order flow, the firm said.
The company's shares were up more than 5% in recent trading.
Price: 1.04, Change: +0.06, Percent Change: +5.63
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