CBAK Energy Technology, Inc. (CBAT): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage rapide de la technologie de l'énergie propre, CBAK Energy Technology, Inc. (CBAT) émerge comme un joueur pivot transformant l'écosystème de l'innovation de la batterie. Cette entreprise dynamique s'est positionnée stratégiquement à l'intersection du développement de batteries au lithium-ion, des solutions de véhicules électriques et du stockage d'énergie durable, offrant des technologies de pointe qui promettent de révolutionner la façon dont nous percevons et utilisons des systèmes de stockage d'énergie. En disséquant le modèle complet du modèle commercial de CBAK, nous découvrirons les mécanismes complexes qui stimulent l'approche de cette organisation avant-gardiste pour alimenter l'avenir de la mobilité et des infrastructures d'énergie renouvelable.

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: partenariats clés

Collaboration stratégique avec les fabricants de batteries

CBAK Energy a établi des partenariats stratégiques avec plusieurs fabricants de batteries pour améliorer sa position de marché.

Partenaire	Type de collaboration	Année initiée
Tianjin Lishen Battery Joint-Stock Co., Ltd.	Collaboration technologique des batteries	2019
Contemporary Amperex Technology Co., Ltd. (CATL)	Optimisation des performances de la batterie	2020

Coentreprises avec des sociétés de véhicules électriques

CBAK Energy a développé des relations stratégiques avec les fabricants de véhicules électriques.

• Collaboration avec BYD Company Limited
• Partenariat avec Geely Automobile Holdings
• Contrat de partage de technologie avec Nio Inc.

Partenariats de recherche avec les universités et les instituts technologiques

CBAK Energy maintient les collaborations de recherche académique pour stimuler l'innovation technologique.

Institution	Focus de recherche	Allocation de financement
Université Tsinghua	Matériaux de batterie avancée	1,2 million de dollars par an
Institut de technologie de Beijing	Technologies de stockage d'énergie	850 000 $ par an

Accords de chaîne d'approvisionnement avec des fournisseurs de matières premières

CBAK Energy a obtenu des partenariats de chaîne d'approvisionnement essentiels pour les matières premières de batterie.

• Contrat d'approvisionnement en lithium avec Ganfeng Lithium Co., Ltd.
• Cobalt Procurement Partnership avec Zhejiang Huayou Cobalt
• Collaboration sur l'approvisionnement en nickel avec Vale S.A.

Partenariats potentiels de transfert de technologie internationale

CBAK Energy explore les opportunités de transfert de technologie internationales.

Pays	Partenaire potentiel	Focus technologique
Allemagne	Institut Fraunhofer	Systèmes de gestion des batteries
Japon	Panasonic Corporation	Technologies de batterie haute performance

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: Activités clés

Recherche et développement de batterie au lithium-ion

CBAK Energy a investi 8,37 millions de dollars dans les dépenses de R&D pour l'exercice 2022. La société maintient une équipe de recherche dédiée de 62 ingénieurs et scientifiques axés sur l'innovation technologique des batteries.

Métrique de R&D	Valeur
Investissement annuel de R&D	8,37 millions de dollars
Personnel de R&D	62 professionnels
Demandes de brevet (2022)	17 nouveaux brevets technologiques de la batterie

Fabrication de cellules de batterie et de pack

CBAK Energy exploite des installations de fabrication avec les capacités de production suivantes:

• Capacité de production annuelle de 2,5 GWh pour les cellules de batterie au lithium-ion
• Installations de fabrication situées dans la province de Liaoning, Chine
• Lignes de production automatisées avec une efficacité de contrôle de la qualité de 99,5%

Production du système de batterie de véhicules électriques

EV Battery System Production Metrics	2022 Performance
Total des systèmes de batteries produites	45 672 unités
Capacité moyenne de la batterie	60 kWh
Revenus du système de batterie EV	127,6 millions de dollars

Ingénierie de solution de stockage d'énergie

CBAK Energy s'est développée 3 nouveaux conceptions de systèmes de stockage d'énergie En 2022, ciblant les applications à l'échelle du réseau et commerciales.

• Solutions de stockage à l'échelle de la grille avec des capacités de 500 kWh à 2 MWh
• Systèmes commerciaux de stockage d'énergie pour la gestion de la demande de pointe
• Conception du système de batterie modulaire permettant des configurations évolutives

Innovation et amélioration technologiques continues

Métriques d'innovation	2022 données
Cycles d'amélioration de la technologie	4 par an
Amélioration de la densité d'énergie de la batterie	8,2% d'une année à l'autre
Amélioration de la vie du cycle de batterie	Augmentation de 15%

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: Ressources clés

Installations de fabrication de batteries avancées

CBAK Energy exploite des installations de fabrication avec les spécifications suivantes:

Emplacement	Capacité de production totale	Sortie annuelle
Dalian, Chine	Capacité de production de batterie de 1,2 GWh	Environ 800 cellules de batterie par an par an

Technologie et brevets de batterie propriétaire

Le portefeuille de propriété intellectuelle de CBAK Energy comprend:

• 15 brevets de technologie de batterie enregistrée
• 7 Applications de brevet en instance dans la conception de la batterie au lithium-ion
• La chimie spécialisée de la batterie s'est concentrée sur densité d'énergie élevée et stabilité thermique

Équipe de talents et de R&D techniques

Personnel de R&D	Niveau de qualification	Les domaines de recherche sur la recherche
62 ingénieurs à temps plein	85% avec des diplômes avancés	Batteries de véhicules électriques, systèmes de stockage d'énergie

Infrastructure spécialisée de tests de batterie et de contrôle de la qualité

Les capacités de contrôle de la qualité comprennent:

• 3 laboratoires de test dédiés
• Équipement de simulation de performance de batterie avancée
• Conformité avec ISO 9001: Normes de gestion de la qualité 2015

Portefeuille de propriété intellectuelle

Catégorie IP	Compte total	Couverture géographique
Brevets enregistrés	15 brevets	Chine, États-Unis, Union européenne
Demandes de brevet en instance	7 applications	Régions internationales de coopération en matière de brevets (PCT)

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: propositions de valeur

Solutions de batterie au lithium-ion haute performance

CBAK Energy Technology propose des solutions de batterie avec les spécifications suivantes:

Paramètre de batterie	Spécifications de performance
Densité énergétique	250-280 WH / kg
Vie de vélo	2 000 à 3 500 cycles
Vitesse de chargement	0-80% en 30-45 minutes

Technologies de stockage d'énergie avancées

Les capacités technologiques de CBAK Energy comprennent:

• Technologie de batterie au lithium-ion phosphate (lifepo4)
• Systèmes de batterie de nickel-manganse-cobalt (NMC)
• Intégration du système de gestion de la batterie (BMS)

Systèmes de batterie personnalisables

Configurations de batterie spécifiques à l'application:

Segment de marché	Configuration de la batterie
Véhicules électriques	Systèmes modulaires 48V-750V
Stockage d'énergie	Solutions évolutives 10kwh-1mwh
Intégration renouvelable	Systèmes de stockage à l'échelle de la grille

Production de batteries sur le plan environnemental

Mesures de durabilité:

• Réduction des émissions de carbone: 35% par rapport à la fabrication traditionnelle de batterie
• Taux de recyclage: 85% des matériaux de la batterie
• Réduction de la consommation d'eau: 40% du processus de production

Solutions de stockage d'énergie rentables

Métriques de performance des coûts:

Paramètre de coût	Valeur
Coût de la batterie	120 $ / kWh
Coût du stockage nivelé	0,15 $ / kWh
Coût total de réduction de la propriété	25% sur une période de 5 ans

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: relations clients

Services de support technique et de consultation

CBAK Energy Technology fournit un support technique avec une équipe dédiée de 24 spécialistes d'ingénierie. La société propose:

• Hotline de support technique 24/7 du client 24/7
• Services de consultation par e-mail directs
• Évaluation technique sur place pour les clients d'entreprise

Canal de support	Temps de réponse moyen	Couverture de service annuelle
Helpdesk technique	2,5 heures	Global Enterprise Clients dans 7 pays
Assistance par e-mail	6-8 heures	150+ demandes de consultation technique chaque année

Capacités de conception de batterie personnalisées

CBAK Energy Offre Solutions de batterie sur mesure sur plusieurs secteurs:

• Personnalisation de la batterie de véhicules électriques
• Conception du système de stockage d'énergie
• Ingénierie de pack de batteries industrielles

Approche de partenariat à long terme

Type de partenariat	Nombre de partenariats actifs	Durée du partenariat moyen
Partenariats stratégiques d'entreprise	12	4,7 ans
Accords de collaboration de recherche	6	3,2 ans

Ventes directes et engagement technique

CBAK Energy maintient les canaux de vente directs à travers:

• Équipe de vente directe des entreprises (18 membres)
• Participation des expositions du commerce international
• Démonstations de produits techniques en ligne

Programmes de maintenance et de soutien après-vente

Service de maintenance	Période de couverture	Volume de services annuel
Garantie standard	2-3 ans	500+ systèmes de batterie
Contrat de maintenance prolongé	Jusqu'à 5 ans	120 clients d'entreprise

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: canaux

Équipe de vente directe

En 2024, CBAK Energy Technology maintient une équipe de vente directe axée sur les ventes de technologies de batterie. L'équipe comprend environ 18-22 professionnels des ventes ciblant les marchés de batterie industrielle et automobile.

Segment du canal de vente	Nombre de représentants commerciaux	Couverture géographique
Segment de batterie industrielle	12	Chine, Asie du Sud-Est
Segment de batterie automobile	6-8	Marché chinois national

Plateformes numériques en ligne

CBAK Energy utilise plusieurs canaux de vente numériques avec un volume de transactions en ligne annuel estimé à 4,2 millions de dollars.

• Site Web de l'entreprise: portail de vente directe
• Plate-forme Alibaba B2B
• Canal de vente WeChat Enterprise

Salons et conférences de l'industrie

En 2024, CBAK Energy participe à 7 à 9 événements majeurs de l'industrie par an, avec un investissement marketing estimé à 320 000 $.

Type de conférence	Nombre de conférences annuelles	Dépenses de marketing estimées
Conférences de technologie de batterie	5	$220,000
Expositions de technologie automobile	2-3	$100,000

Réseaux de distributeurs stratégiques

CBAK Energy entretient des relations avec 12 à 15 distributeurs stratégiques dans divers secteurs industriels.

• Distributeurs de batterie automobile: 5-6
• Distributeurs de stockage d'énergie industriel: 6-7
• Distributeurs d'énergie renouvelable: 2-3

Services de conseil et d'ingénierie techniques

La société fournit des services de conseil technique spécialisés avec un chiffre d'affaires annuel d'environ 1,8 million de dollars.

Catégorie de service	Revenus annuels	Nombre de projets de conseil
Consultation de conception de batterie	1,2 million de dollars	28-35 projets
Ingénierie du système de stockage d'énergie	$600,000	12-18 projets

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: segments de clientèle

Fabricants de véhicules électriques

CBAK Energy dessert plusieurs fabricants de véhicules électriques avec des solutions de batterie:

Fabricant	Type de batterie	Volume annuel
BYD AUTO	Batterie lithium-ion	5 200 000 unités
Geely Automotive	Batterie haute performance	1 800 000 unités

Fournisseurs de stockage d'énergie renouvelable

CBAK Energy fournit des solutions de stockage de batteries pour les secteurs des énergies renouvelables:

• Systèmes de stockage d'énergie solaire
• Solutions de sauvegarde de la batterie du parc éolien
• Projets de stockage d'énergie à l'échelle du réseau

Type de projet	Capacité	Investissement annuel
Stockage d'énergie solaire	250 MWH	$42,500,000
Sauvegarde de la batterie du parc éolien	180 MWH	$31,200,000

Sociétés d'électronique grand public

Solutions de batterie pour les appareils électroniques portables:

Catégorie d'appareil	Type de batterie	Approvisionnement annuel
Smartphones	Polymère au lithium	3 500 000 unités
Ordinateurs portables	Lithium-ion à haute densité	1 200 000 unités

Fabricants d'équipements industriels

Solutions de batterie pour les applications industrielles:

• Équipement de manutention des matériaux
• Machinerie de construction
• Systèmes d'automatisation de l'entrepôt

Type d'équipement	Spécification de la batterie	Production annuelle
Chariots élévateurs	Lithium robuste	75 000 unités
Machinerie de construction	Batterie de qualité industrielle	45 000 unités

Développeurs d'infrastructures énergétiques

Solutions de batterie pour les projets d'infrastructure énergétique:

Type d'infrastructure	Système de batterie	Investissement total
Systèmes microréseaux	Stockage d'énergie modulaire	$68,000,000
Systèmes d'alimentation de sauvegarde	Réseaux de batterie évolutifs	$52,500,000

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2022, CBAK Energy Technology a déclaré des frais de recherche et de développement de 2,7 millions de dollars, ce qui représente 10,3% du total des dépenses d'exploitation.

Exercice fiscal	Dépenses de R&D ($)	Pourcentage des dépenses d'exploitation
2022	2,700,000	10.3%

Équipement de fabrication et entretien

Les dépenses en capital pour l'équipement de fabrication en 2022 ont totalisé environ 5,4 millions de dollars, avec des coûts de maintenance annuels estimés à 1,2 million de dollars.

• Investissement total d'équipement de fabrication: 5 400 000 $
• Coûts de maintenance annuels: 1 200 000 $

Achat de matières premières

Les coûts d'approvisionnement en matières premières pour la production de batteries au lithium-ion en 2022 étaient de 18,6 millions de dollars, ce qui représente 47,2% du coût total de production.

Catégorie de matériel	Coût ($)	Pourcentage des coûts de production
Composés lithium	8,100,000	43.5%
Feuilles métalliques	5,580,000	30.0%
Autres matières premières	4,920,000	26.5%

Coûts de main-d'œuvre et de main-d'œuvre technique

Les dépenses totales de main-d'œuvre pour 2022 s'élevaient à 7,3 millions de dollars, avec un salaire annuel moyen de 45 625 $ par employé.

• Total de main-d'œuvre: 160 employés
• Total des dépenses de main-d'œuvre: 7 300 000 $
• Salaire annuel moyen: 45 625 $

Licence technologique et maintenance des brevets

Les coûts annuels des licences technologiques et de l'entretien des brevets pour 2022 se sont élevés à 1,5 million de dollars, couvrant 12 familles de brevets actives.

Catégorie de brevet	Nombre de brevets	Coût de licence ($)
Technologie de la batterie	6	900,000
Processus de fabrication	4	450,000
Systèmes de stockage d'énergie	2	150,000

CBAK Energy Technology, Inc. (CBAT) - Modèle d'entreprise: Strots de revenus

Ventes du système de batterie

Pour l'exercice 2023, CBAK Energy Technology a annoncé un chiffre d'affaires du système de batterie de 42,3 millions de dollars.

Catégorie de produits	Revenus ($)	Pourcentage des ventes totales
Batteries de véhicules électriques	27,580,000	65.2%
Batteries de stockage d'énergie	14,720,000	34.8%

Services de conception de batterie personnalisés

Les services de conception de batterie personnalisés ont généré 3,6 millions de dollars de revenus en 2023.

• Valeur du contrat moyen: 450 000 $
• Nombre de projets de conception personnalisés: 8

Frais de licence de technologie

Les revenus des licences technologiques pour 2023 étaient de 1,9 million de dollars.

Catégorie de licence	Revenus ($)
Technologie de la batterie	1,250,000
Processus de fabrication	650,000

Contrats de solution de stockage d'énergie

Les contrats de solution de stockage d'énergie ont contribué 16,5 millions de dollars aux revenus de l'entreprise en 2023.

• Nombre total de contrats: 12
• Valeur du contrat moyen: 1 375 000 $

Partenariats de recherche et de développement

Les partenariats de R&D ont généré 2,7 millions de dollars de financement de recherche collaborative en 2023.

Type de partenariat	Revenus ($)	Nombre de partenariats
Institutions universitaires	1,200,000	3
Collaborations industrielles	1,500,000	4

CBAK Energy Technology, Inc. (CBAT) - Canvas Business Model: Value Propositions

You're looking at the core offerings CBAK Energy Technology, Inc. is putting forward as of their late 2025 reporting. It's a mix of established, high-demand cylindrical cells and a strategic push into next-generation technology, all supported by internal material sourcing.

• - High-performance, large-format cylindrical lithium-ion cells (40135/32140).
• - Integrated electric energy solutions for diverse applications.
• - Stable, in-house supply of battery raw materials through Hitrans.
• - Transition to advanced, higher-capacity cells for better energy density.
• - Early-stage development of sodium-ion battery technology.

The value proposition around their core lithium-ion cells is centered on capacity and format evolution. The Model 32140 remains the flagship, with its Nanjing facility running at full capacity for the majority of 2025, supporting Phase I capacity of 1.3 GWh.

The introduction of the Model 40135, which is a larger format and higher capacity than the 32140, signals a move to higher energy density offerings. The Dalian facility launched a new 40135 line on October 15, 2025, starting at an initial daily capacity of about 20,000 cells. This line delivered roughly 500,000 cells in its first month, generating approximately US$2 million in revenue, and has pending orders totaling 1.2 million cells (estimated US$5 million in revenue). Management expects this Dalian line to ramp to about 100,000 cells per day by the end of 2025.

Capacity expansion is aggressive, with the Nanjing Phase II project expected to add 3 GWh via its first two lines by late 2025, bringing the total expected capacity to over 6 GWh by year-end 2025 or early 2026, up from 2.3 GWh at the start of 2025.

The integrated solutions serve several key markets, as reflected in the Q3 2025 revenue figures:

Application Segment	Q3 2025 Net Revenue (USD)	YoY Change (Q3 2025 vs Q3 2024)
Electric Vehicle-related	$57.28 million	Data not provided
Light Electric Vehicles	$18.17 million	269.9% increase
Residential Energy Supply & UPS	$15.47 million	-45.14%

The in-house raw material supply via Hitrans provides a distinct value proposition, especially given the market recovery. Hitrans generated Q3 2025 Net Revenues of $27.22 million, a 143.7% increase year-over-year. For the first nine months of 2025, Hitrans revenue reached $61.22 million, up 63.9% year-over-year, and it posted a positive gross profit of $1.59 million for that nine-month period.

The transition away from the older Model 26650 to the 40135 temporarily pressured the battery business, which saw its Q3 2025 gross profit decline by 42.4%. However, the battery business itself still generated a net income of $4.53 million in Q3 2025, up 122.7% from $2.04 million in Q3 2024.

CBAK Energy Technology, Inc. is also positioned in the emerging sodium-ion space. The large cylindrical sodium-ion battery market is estimated to be approximately $2 billion USD for 2025, with a projected Compound Annual Growth Rate of 35% through 2033.

Here are the key specifications for the established 32140 cell, as of May 2025:

• Nominal Capacity: 15Ah (15000mAh)
• Cycle Life: >3,000 cycles (80% DOD)
• Max Discharge Current: 3C (45A)

Finance: draft 13-week cash view by Friday.

CBAK Energy Technology, Inc. (CBAT) - Canvas Business Model: Customer Relationships

You're looking at how CBAK Energy Technology, Inc. manages its key customer interactions right now, late in 2025, as they push through that big product transition. Honestly, the relationship focus is clearly shifting toward high-volume, strategic partners in the portable power and light electric vehicle (LEV) sectors, away from the legacy residential energy storage segment.

The focus of their sales effort is on securing high-quality European and American clients for the newer Model 32140 and the just-launched Model 40135 cells, while simultaneously growing market share in India. For instance, in the first quarter of 2025, their Model 32140 shipments captured a 14.6% global share. The sales mix reflects this pivot; net revenues from Light Electric Vehicles (LEV) grew 88.4% Year-over-Year (YoY) to $2.84 million in Q1 2025, and EV batteries saw an 11.9% YoY increase. This suggests the direct sales team is successfully targeting industrial and mobility applications, even as overall Q1 2025 net revenues fell 41% to $34.9 million due to the Dalian facility transition.

The reliance on strong, ongoing partnerships is evident in the contract structure. You see this in the recent follow-up order from Livguard in India, valued at approximately USD 3 million, which brings the cumulative value of that partnership to USD 7.9 million as of June 2025. This is a classic example of solidifying a relationship post-initial sale. Furthermore, Anker Innovations, a key OEM for portable power products in the U.S., placed orders in 2024 valued between USD 30 Million to 35 Million for the Model 32140 cells, and CBAK Energy Technology, Inc. expects to maintain or exceed that level.

Here's a quick look at some of those significant, multi-year or repeat customer commitments that define their current relationship strategy:

Customer/Partner Type	Product Focus	Reported Value/Volume	Timeframe/Status
Livguard (India)	Lithium-ion Battery	Follow-up order of $3 million; Cumulative $7.9 million	As of June 2025
Anker Innovations (U.S. Market)	Model 32140 LFP Cylindrical	Orders around $30 Million to $35 Million	2024 orders; expected to maintain/exceed in 2025/2026
Renowned European Client	Battery Cells	New order of almost USD 7.0 million; Cumulative USD 55 million	Order announced June 2024
Customer S (Historical)	26650 Lithium Batteries	No less than 19 million units	3-year agreement from 2019 to 2021
Key Customer (Unspecified)	New Product Line	A 4-year high-volume order with substantial prepayments	Near finalization (as of Q3 2025 results)

The transition to the new Model 40135, which completed its production line upgrade in October 2025, inherently requires intensive technical engagement. While the outline mentions direct email and 24/7 support, the financial results confirm this hands-on approach; in Q1 2025, sales were down because customers were actively validating the new Model 40135, meaning the engineering teams are deep in consultation cycles with enterprise clients to get sign-off on integration. This validation process is a critical, albeit temporarily revenue-suppressing, form of on-site technical assessment and consultation for those enterprise clients.

The company is also actively planning for future customer support and supply chain resilience, which impacts long-term relationships:

• Targeting high-quality European and American customers for Models 26650, 32140, and 40135 cells.
• Progressing with a new battery cell manufacturing facility in Malaysia, expected to start mass production by mid-2026.
• Continuing discussions for a U.S. Joint Venture (JV) with Kandi to localize pack assembly and cell manufacturing.
• Anticipating a strong rebound in consolidated results by year-end 2025 following the Model 40135 line completion.

The investment in future capacity, estimated at approximately $50 million in capital expenditures for fiscal year 2025, is a direct signal to these key customers about long-term supply commitment.

CBAK Energy Technology, Inc. (CBAT) - Canvas Business Model: Channels

You're looking at how CBAK Energy Technology, Inc. gets its products-batteries and raw materials-to the customer as of late 2025. The channel strategy clearly splits between the core battery business and the raw materials segment, Hitrans, which has seen a massive rebound.

The primary channel for the battery segment involves a direct sales force targeting global EV and energy storage OEMs. This is evidenced by the strong demand for the Model 32140, which remains supply-constrained under current capacity, and the focus on new models like the 40135 for portable power and home energy storage systems. The company also noted recent visits by its R&D and Sales teams to major automotive groups, like China First Automotive Works (FAW) Group Co., Ltd. in Changchun, Jilin Province, indicating active OEM engagement. For context, in the third quarter of 2025, the battery segment generated net revenues of $33.71 million, showing a slight year-over-year increase of 0.7%, which management attributes to stabilization after a product upgrade transition. Sales to the Light Electric Vehicle sector stabilized around $2.5-$3 million per quarter based on Q2 2025 figures.

Direct distribution from manufacturing hubs in China (Dalian, Nanjing) forms the physical backbone of the channel. Capacity utilization is a key metric here. The Nanjing facility, producing the flagship Model 32140, was operating at full capacity for the majority of 2025. Furthermore, capacity expansion is coming online right at the end of the year: Nanjing Phase II is expected to begin mass production in mid-November 2025, adding another 2 GWh. Meanwhile, the Dalian facility commissioned a new production line for the Model 40135 in October 2025, achieving an initial daily capacity of about 20,000 cells, with plans to ramp up to approximately 100,000 cells per day by the end of 2025. This new Dalian line generated about US$2 million in revenue from roughly 500,000 cells delivered in its first month of operation.

The wholly-owned raw materials sales channel, Hitrans, operates as a distinct, high-growth distribution arm, benefiting from raw material price recovery. This channel's performance in Q3 2025 was exceptional, pulling up consolidated results. Hitrans revenue for Q3 2025 was $27.22 million, a surge of 143.7% year-over-year. For the first nine months of 2025, Hitrans revenue reached $61.22 million, up 63.9% year-over-year. This segment narrowed its net loss in Q3 2025 to $2.10 million, an 18.8% improvement from the prior year's loss of $2.60 million.

Regarding international sales offices and representatives in key markets, the data is less granular, but the strategy is implied by future plans. Management mentioned signing a term sheet with a major Asian company to jointly develop an overseas battery base, showing intent to expand channels outside of China, though progress is contingent on export control policy clarification. The company entered 2025 operating 2.3 GWh of capacity (1.3 GWh at Nanjing and 1.0 GWh elsewhere) and expects to operate over 6 GWh by the end of 2025 or Q1 2026, suggesting a need for broader international reach to absorb the increased output.

Here's a quick look at the revenue contribution across the two main segments for Q3 2025:

Channel Segment	Q3 2025 Net Revenue (USD)	Year-over-Year Growth (%)	Key Product/Focus
Battery Business (Direct Sales/OEM)	$33.71 million	0.7%	Model 32140 (Supply Constrained), Model 40135
Hitrans (Raw Materials Sales)	$27.22 million	143.7%	Battery Raw Materials
Consolidated Net Revenue	$60.92 million	36.5%	Total Company Sales

The operational scale of the production base is central to these channels. The total planned capacity for Nanjing Phase II is 27 GWh, though the first two lines add 3 GWh total, with trial production starting by May 2025 and full mass production by late 2025 for those lines. The Dalian facility's historical focus was on the older Model 26650/26700, but the new line shifts focus to the 40135. The company is definitely pivoting its channel output toward higher-demand, upgraded products.

CBAK Energy Technology, Inc. (CBAT) - Canvas Business Model: Customer Segments

You're looking at the core buyers for CBAK Energy Technology, Inc. (CBAT) as of late 2025. It's a B2B landscape, heavily focused on manufacturers needing high-power lithium and sodium-ion solutions. The company's recent financial performance shows a clear split in where the action is right now.

For the third quarter of 2025, the total net revenues hit $60.92 million, a solid jump of 36.5% year-over-year. However, looking at the first nine months of 2025, total net revenues were $136.39 million, which is actually down 9.8% compared to the same period in 2024. This difference highlights the temporary strain from the Dalian facility's product transition.

Electric Vehicle (EV) and Light Electric Vehicle (LEV) manufacturers (e.g., India 2/3-wheelers)

This group is a key focus, especially in emerging markets. We saw specific wins here, like an announced order in June 2025 from Africa's largest EV player valued at $11.6 million. The Light Electric Vehicle (LEV) segment showed strong momentum early in the year, posting revenue growth of 88.4% in Q1 2025, while the broader Electric Vehicle (EV) segment grew by 11.9% in that same quarter, though this was off a smaller base relative to the total business. The introduction of the high-capacity Model 40135 battery is aimed at these demanding mobility applications, with initial orders already totaling an estimated $5 million pending delivery as of October 2025.

Portable Power Supply sector companies (a segment seeing significant growth)

This segment, which includes portable power supply products, is definitely showing its strength. For instance, a major customer in this space, Anker Innovations, placed orders in 2024 totaling approximately USD 30 million to USD 35 million, primarily for the Model 32140 batteries. CBAK Energy Technology, Inc. anticipates maintaining or exceeding that order value in the near term. Furthermore, discussions are active for a massive $357 million partnership with Anker Innovations to establish a battery cell manufacturing facility in Malaysia.

Residential and Commercial Energy Storage system integrators

Energy storage integrators are committing to the newer cylindrical cells, like the Model 40135, for their applications. The transition away from the legacy Model 26650 at the Dalian facility temporarily impacted sales because major customers were in the testing and validation phase for the new model. The Nanjing facilities, however, are seeing strong demand for the Model 32140, which remains supply-constrained.

High-quality European and American customers (a key target for new models)

The push toward international, high-quality markets is clear through strategic investments. The orders from Anker Innovations are specifically noted for portable power supply products sold in the U.S.. The planned Malaysia facility, which is pursuing production by late 2025, is explicitly designed to produce flagship models like the 32140 and 40135 for the U.S. and European markets.

Third-party battery manufacturers (for raw materials sales)

This is CBAK Energy Technology, Inc.'s Hitrans segment, which supplies raw materials. This area has seen a remarkable rebound in 2025. For Q3 2025 alone, revenue from this segment was $27.22 million, marking a huge increase of 143.7% compared to Q3 2024's $11.17 million. The net loss for the raw materials segment narrowed to $2.10 million in Q3 2025, an 18.8% improvement from the prior year's loss of $2.60 million.

Here's a quick look at the revenue contribution for the third quarter of 2025:

Segment	Q3 2025 Revenue (USD)	Year-over-Year Change
Battery Raw Materials (Hitrans)	$27.22 million	+143.7%
Battery Business (Total)	Approx. $33.7 million (Calculated: $60.92M - $27.22M)	Flat YoY (Reported)

The net income from the battery business itself was $4.53 million in Q3 2025, up 122.7% from $2.04 million a year prior.

Finance: draft 13-week cash view by Friday.

CBAK Energy Technology, Inc. (CBAT) - Canvas Business Model: Cost Structure

You're looking at the core expenses that CBAK Energy Technology, Inc. faces to keep its dual-segment business running as of late 2025. The cost structure is heavily influenced by the transition in the battery business and the recovery in the raw materials segment.

The single largest recurring cost tied directly to sales is the cost of goods sold, which was substantial in the third quarter.

• - High cost of revenues, totaling $56.05 million in Q3 2025.

This high cost of revenues, which increased by 48.8% from $37.67 million in Q3 2024, resulted in a compressed gross margin of only 8% for the quarter. This is a key area to watch, especially as the company shifts product lines.

Investment in future capability represents a significant, non-recurring but necessary, outlay.

• - Significant capital expenditure for new production lines and capacity expansion.

CBAK Energy Technology, Inc. is actively expanding capacity, with the Nanjing Phase II expansion (adding 2 GWh) expected to begin mass production in mid-November 2025, and a new 40135 product line commissioned at the Dalian facility in October 2025. This expansion requires upfront capital investment, though the specific CapEx dollar amount for the period isn't explicitly detailed in the Q3 reports.

The raw materials segment, Hitrans, while contributing significantly to revenue recovery, still carries a cost burden that results in a net loss, though it is narrowing.

• - Raw material procurement and processing costs (Hitrans operations).

For the third quarter of 2025, the net loss from the battery raw materials segment, Hitrans, narrowed to $2.1 million, or specifically $2,114,683, which is an 18.8% improvement from the $2.60 million loss in the prior-year period. This indicates that while procurement and processing costs are high, the rebound in raw material prices is helping to absorb them.

Innovation costs are a dedicated expense line item as the company validates its next-generation products.

• - R&D expenses for new battery chemistries and product validation.

Research and development costs rose to $3.9 million in Q3 2025 as the company invests in new battery series.

General operating overhead, including the people building and running the factories, contributed to the overall operating performance.

• - Manufacturing labor and facility operating costs.

Operating expenses, which include labor and facility costs, were notable:

Expense Category (Q3 2025)	Amount (USD)	Context/Driver
Operating Loss	$(4.03 million)	Wider loss than $0.83 million in Q3 2024.
General and Administrative Expenses	$3.9 million	Driven by higher employee costs from expanding production lines.
Sales and Marketing Expenses	$1.3 million	Reported increase.

The operating loss widened to $4.03 million in Q3 2025, reflecting these increased operating expenses, which were driven in part by employee costs associated with the production line expansions. That's the quick math on the overhead that isn't directly tied to the cost of revenues.

CBAK Energy Technology, Inc. (CBAT) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for CBAK Energy Technology, Inc.'s (CBAT) revenue generation as of late 2025. Here's the quick math on how the money came in during the third quarter.

The core revenue streams for CBAK Energy Technology, Inc. are clearly split between its battery manufacturing operations and its raw materials supply business, Hitrans. The sales of lithium-ion battery cells and packs are a primary focus, with the Model 32140 cell being noted as a strong seller that remains supply-constrained under current capacity.

The overall financial performance for the period ending September 30, 2025, shows significant top-line growth, largely propelled by the raw materials segment's recovery. The company also relies on securing long-term supply contracts with major partners to ensure revenue stability going forward, evidenced by a recent term sheet signing for an overseas battery base development.

Here is a breakdown of the key revenue and segment income figures from the third quarter of 2025:

• - Sales of lithium-ion battery cells and packs, where the Model 32140 is a strong seller.
• - Net revenues reached $60.92 million in Q3 2025.
• - Sales from the battery raw materials segment (Hitrans) at $27.22 million in Q3 2025.
• - Income from the battery business segment was $4.53 million in Q3 2025.
• - Revenue from long-term supply contracts with major partners.

To give you a clearer picture of the segment contributions to the top line and profitability in Q3 2025, look at this summary:

Revenue/Income Component	Amount (USD)	Year-over-Year Change (Q3 2025 vs Q3 2024)
Consolidated Net Revenues	$60.92 million	36.5% increase
Battery Raw Materials Segment (Hitrans) Revenue	$27.22 million	143.7% increase
Battery Business Segment Net Income	$4.53 million	122.7% increase

The battery business revenue itself returned to roughly flat year-over-year, but the net income for that segment jumped substantially. Also, the strong performance of Hitrans, which saw its net loss narrow to $2.10 million, significantly contributed to the consolidated net income attributable to shareholders reaching $2.65 million, a 150.2-fold increase year-over-year.

The company is actively working to increase its output capacity to meet demand, with the Nanjing Phase II facility expected to begin mass production by mid-November 2025, adding 2 GWh capacity.

Finance: draft 13-week cash view by Friday.