CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Europe, Taiwan, Israel, and internationally. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBAK Energy Technology, Inc. was founded in 1999 and is based in Dalian, China.

Bet on Lithium Batteries with CBAK Energy Technology Stock

October 19, 2020



Here is a piece of trivia that even lithium aficionados might not know. In January of 2005, CBAK Energy Technology (NASDAQ:CBAT) became the first Chinese lithium battery company to get listed in the United States. Of course, you can still trade CBAT stock today. Importantly, it has even made some big moves in 2020.



As its corporate profile notes, CBAK Energy Technology broadly engages in the sale of high-power lithium batteries for electric and hybrid vehicles, as well as for electric tools and energy storage.

Clearly CBAK has been, and still is, an early player in the lithium production space. It is only in recent years that market participants have begun to really appreciate the importance of lithium..........



https://finance.yahoo.com/news/bet-lithi...X0vjyzY65g

Why CBAK Energy Stock Crashed 20% This Morning

What went up just came back down.



What happened

After an irrationally exuberant run on Monday that sent its stock up 84% in a day, shares of Chinese lithium battery maker CBAK Energy Technology (NASDAQ:CBAT) are succumbing to gravity this morning, falling 20.3% through 10:30 a.m. EST.

And just like yesterday, there doesn't seem to be any news to explain the price movement.


Now what

Over the weekend, J.P. Morgan released a stock report predicting 43% annualized growth in Chinese electric car sales over the next five years. Assuming the analyst sticks to its guns, and repeats this assertion in coming weeks and months, that could provide fuel for a revival of CBAK stock. So what was up yesterday and down today could go right back up tomorrow. If China sells a lot of electric cars, someone will have to sell a lot of batteries for them.


Or, a renewal of the short squeeze we seemed to see yesterday could turn around and bite investors who are selling CBAK stock short today. Either way, I expect this stock to remain volatile. Profitless small caps with minimal revenue often are.




https://www.fool.com/investing/2020/11/1...s-morning/



Auf jeden Fall krasse Bewegungen die letzten Tage...

Why Blink Charging, CBAK Energy, and Enphase Energy Stocks All Popped Today

The coronavirus stimulus bill has a green energy kicker.


Dec 22, 2020 at 12:08PM


https://www.fool.com/investing/2020/12/2...gn=article