CBAK Energy Technology, Inc. $(CBAT)$, a key player in the lithium-ion and sodium-ion battery industry, is expanding its global footprint through a strategic partnership with Anker Innovations Technology Co., Ltd. As part of this collaboration, CBAK Energy will establish a new battery cell manufacturing facility in Malaysia, with construction already underway. The facility is slated to begin mass production of the company's LFP cylindrical battery models, 32140 and 40135, by the end of 2025. This partnership includes potential orders valued at up to $357 million, highlighting Anker's confidence in CBAK Energy's capabilities. The expansion marks a significant step in CBAK Energy's commitment to enhancing its global manufacturing presence.
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