Cbak energy reports first quarter 2024 unaudited financial results

- expected net income from the battery business to be between rmb220 million and rmb250 million for the full year of 2 024 dalian, china , may 10, 2024 /prnewswire/ -- cbak energy technology, inc. (nasdaq: cbat) ("cbak energy," or the "company") a leading lithium-ion battery manufacturer and electric energy solution provider in china, today reported its unaudited financial results for the first quarter ended march 31, 2024. first quarter of 2024 financial highlights net revenues from sales of batteries were $44.8 million, an increase of 51.5% from $29.6 million in the same period of 2023.
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