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CBAK Energy Technology Signs Battery Supply Agreement

· 02/05/2021 07:39

12:23 PM EST, 02/05/2021 (MT Newswires) -- CBAK Energy Technology (CBAT) said Friday that its wholly owned subsidiary has signed a $1.4 million agreement to supply battery systems for 10.5 million electric buses to Sichuan Guohong Automobile.

The company said Nanjing CBAK New Energy Technology will supply 30 sets of battery systems in 12 months, according to a statement. Details such as unit price and delivery timings will be determined following orders from Sichuan.

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