CBAK Energy Announces $11.6 Million Order from Africa’s largest EV player
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
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Source: Globenewswire
CBAK Energy's Major Order: CBAK Energy Technology, Inc. announced a significant order worth approximately $11.6 million from Africa’s largest electric vehicle company for its advanced Model 32140 large LFP cylindrical batteries, with potential follow-on orders totaling up to $55 million.
Partnership for Sustainable Mobility: This collaboration aims to enhance the adoption of electric mobility solutions in Africa, leveraging battery-swapping technology and locally manufactured electric motorcycles to promote sustainable transportation across the continent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
