Cbak energy's 32140 cells capture 19% of global market share, report shows

Dalian, china, feb. 24, 2025 (globe newswire) -- cbak energy technology, inc. (nasdaq: cbat) ("cbak energy" or the "company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in china, today announced its significant global market share in the rapidly growing large cylindrical battery segment, which saw remarkable growth in 2024. according to the latest report from start point institute of research (“spir report”), global shipments of series 32 large cylindrical batteries, which includes the company's 32140 cylindrical cells, surged to 102 million units in 2024, with a year-over-year increase of 14.29%.
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