CBAK Energy Technology, Inc. (CBAT): Canvas de modelo de negócios [Jan-2025 Atualizado]

No cenário em rápida evolução da tecnologia de energia limpa, a CBAK Energy Technology, Inc. (CBAT) surge como um jogador fundamental que transforma o ecossistema de inovação de baterias. Essa empresa dinâmica se posicionou estrategicamente na interseção do desenvolvimento de bateria de íons de lítio, soluções de veículos elétricos e armazenamento de energia sustentável, oferecendo tecnologias de ponta que prometem revolucionar como percebemos e utilizamos sistemas de armazenamento de energia. Ao dissecar a tela abrangente do modelo de negócios da CBAK, descobriremos os intrincados mecanismos que impulsionam essa abordagem da organização de visão de futuro para alimentar o futuro da mobilidade e da infraestrutura de energia renovável.

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: Parcerias -chave

Colaboração estratégica com fabricantes de baterias

A CBAK Energy estabeleceu parcerias estratégicas com vários fabricantes de baterias para melhorar sua posição de mercado.

Parceiro	Tipo de colaboração	Ano iniciado
Tianjin Lishen Battery Joint-Stoque Co., Ltd.	Colaboração da tecnologia da bateria	2019
Contemporary Amperex Technology Co., Ltd. (CATL)	Otimização de desempenho da bateria	2020

Joint ventures com empresas de veículos elétricos

A CBAK Energy desenvolveu relações estratégicas com os fabricantes de veículos elétricos.

• Colaboração com a Byd Company Limited
• Parceria com a Geely Automobile Holdings
• Contrato de compartilhamento de tecnologia com a Nio Inc.

Parcerias de pesquisa com universidades e institutos de tecnologia

A CBAK Energy mantém colaborações de pesquisa acadêmica para impulsionar a inovação tecnológica.

Instituição	Foco na pesquisa	Alocação de financiamento
Universidade de Tsinghua	Materiais avançados da bateria	US $ 1,2 milhão anualmente
Instituto de Tecnologia de Pequim	Tecnologias de armazenamento de energia	US $ 850.000 anualmente

Acordos da cadeia de suprimentos com fornecedores de matéria -prima

A CBAK Energy garantiu parcerias críticas da cadeia de suprimentos para matérias -primas de bateria.

• Contrato de fornecimento de lítio com a Ganfeng Lithium Co., Ltd.
• Parceria de compras de cobalto com Zhejiang Huayou Cobalt
• Colaboração de fornecimento de níquel com Vale S.A.

Potenciais parcerias de transferência de tecnologia internacional

A CBAK Energy está explorando oportunidades internacionais de transferência de tecnologia.

País	Parceiro em potencial	Foco em tecnologia
Alemanha	Instituto Fraunhofer	Sistemas de gerenciamento de bateria
Japão	Panasonic Corporation	Tecnologias de bateria de alto desempenho

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: Atividades -chave

Pesquisa e desenvolvimento de bateria de íons de lítio

A CBAK Energy investiu US $ 8,37 milhões em despesas de P&D no ano fiscal de 2022. A empresa mantém uma equipe de pesquisa dedicada de 62 engenheiros e cientistas focados na inovação em tecnologia de baterias.

Métrica de P&D	Valor
Investimento anual de P&D	US $ 8,37 milhões
Pessoal de P&D	62 profissionais
Aplicações de patentes (2022)	17 novas patentes de tecnologia de bateria

Célula de bateria e fabricação de embalagens

A CBAK Energy opera instalações de fabricação com os seguintes recursos de produção:

• Capacidade anual de produção de 2,5 GWh para células de bateria de íons de lítio
• Instalações de fabricação localizadas na província de Liaoning, China
• Linhas de produção automatizadas com 99,5% de eficiência de controle de qualidade

Produção do sistema de bateria de veículos elétricos

Métricas de produção do sistema de bateria EV	2022 Performance
Total de sistemas de bateria produzidos	45.672 unidades
Capacidade média da bateria	60 kWh
Receita do sistema de bateria EV	US $ 127,6 milhões

Engenharia de solução de armazenamento de energia

CBAK Energy desenvolvido 3 novos projetos de sistema de armazenamento de energia Em 2022, direcionar aplicações comerciais em escala de grade.

• Soluções de armazenamento em escala de grade com capacidades de 500 kWh a 2 MWh
• Sistemas de armazenamento de energia comercial para gerenciamento de pico de demanda
• Design modular do sistema de bateria, permitindo configurações escaláveis

Inovação tecnológica contínua e melhoria

Métricas de inovação	2022 dados
Ciclos de melhoria da tecnologia	4 por ano
Melhoria da densidade de energia da bateria	8,2% ano a ano
Aprimoramento da vida útil do ciclo da bateria	Aumento de 15%

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: Recursos -chave

Instalações avançadas de fabricação de baterias

A CBAK Energy opera instalações de fabricação com as seguintes especificações:

Localização	Capacidade total de produção	Produção anual
Dalian, China	1,2 GWH Capacidade de produção de bateria	Aproximadamente 800 MWh Battery Cells por ano

Tecnologia de bateria e patentes proprietárias

O portfólio de propriedade intelectual da CBAK Energy inclui:

• 15 patentes de tecnologia de bateria registradas
• 7 pedidos de patente pendente no design da bateria de íons de lítio
• Química especializada da bateria focada em alta densidade de energia e estabilidade térmica

Talento de engenharia técnica e equipe de P&D

Pessoal de P&D	Nível de qualificação	Áreas de foco de pesquisa
62 engenheiros em tempo integral	85% com graus avançados	Baterias de veículos elétricos, sistemas de armazenamento de energia

Testes de bateria especializados e infraestrutura de controle de qualidade

Os recursos de controle de qualidade incluem:

• 3 laboratórios de testes dedicados
• Equipamento avançado de simulação de desempenho da bateria
• Conformidade com os padrões de gerenciamento da qualidade ISO 9001: 2015

Portfólio de propriedade intelectual

Categoria IP	Contagem total	Cobertura geográfica
Patentes registradas	15 patentes	China, Estados Unidos, União Europeia
Aplicações de patentes pendentes	7 Aplicações	Regiões Internacionais de Cooperação de Patentes (PCT)

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: proposições de valor

Soluções de bateria de íons de lítio de alto desempenho

A CBAK Energy Technology oferece soluções de bateria com as seguintes especificações:

Parâmetro da bateria	Especificação de desempenho
Densidade energética	250-280 WH/KG
Ciclo de vida	2.000-3.500 ciclos
Velocidade de carregamento	0-80% em 30-45 minutos

Tecnologias avançadas de armazenamento de energia

As capacidades tecnológicas da CBAK Energy incluem:

• Tecnologia de bateria de fosfato de íons de lítio (LifePO4)
• Sistemas de bateria de níquel-manganeses-cobalt (NMC)
• Integração do sistema de gerenciamento de bateria (BMS)

Sistemas de bateria personalizáveis

Configurações de bateria específicas para aplicativos:

Segmento de mercado	Configuração da bateria
Veículos elétricos	Sistemas modulares 48V-750V
Armazenamento de energia	Soluções escaláveis ​​de 10kwh-1mWh
Integração renovável	Sistemas de armazenamento em escala de grade

Produção ambientalmente sustentável de bateria

Métricas de sustentabilidade:

• Redução de emissões de carbono: 35% em comparação com a fabricação tradicional de baterias
• Taxa de reciclagem: 85% dos materiais da bateria
• Redução do consumo de água: 40% no processo de produção

Soluções de armazenamento de energia econômicas

Métricas de desempenho de custo:

Parâmetro de custo	Valor
Custo da bateria	$ 120/kWh
Custo de armazenamento nivelado	$ 0,15/kWh
Custo total de redução de propriedade	25% durante o período de 5 anos

CBAK Energy Technology, Inc. (CBAT) - Modelo de Negócios: Relacionamentos do Cliente

Serviços de suporte técnico e consulta

A CBAK Energy Technology fornece suporte técnico com uma equipe dedicada de 24 especialistas em engenharia. A empresa oferece:

• 24/7 de suporte técnico do cliente
• Serviços de consulta por e -mail direto
• Avaliação técnica no local para clientes corporativos

Canal de suporte	Tempo médio de resposta	Cobertura anual de serviço
Helpdesk técnico	2,5 horas	Clientes da empresa global em 7 países
Suporte por e -mail	6-8 horas	150+ solicitações de consulta técnica anualmente

Recursos de design de bateria personalizados

A CBAK Energy oferece soluções de bateria personalizadas Em vários setores:

• Personalização da bateria de veículos elétricos
• Design do sistema de armazenamento de energia
• Engenharia de Bateria Industrial

Abordagem de parceria de longo prazo

Tipo de parceria	Número de parcerias ativas	Duração média da parceria
Parcerias Estratégicas da Enterprise	12	4,7 anos
Acordos de colaboração de pesquisa	6	3,2 anos

Vendas diretas e engajamento técnico

A CBAK Energy mantém os canais de vendas diretos por meio de:

• Equipe de vendas da empresa direta (18 membros)
• Participação da Exposição de Comércio Internacional
• Demonstrações de produtos técnicos online

Programas de manutenção e suporte pós-venda

Serviço de manutenção	Período de cobertura	Volume anual de serviço
Garantia padrão	2-3 anos	500+ sistemas de bateria
Contrato de manutenção estendida	Até 5 anos	120 clientes corporativos

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: canais

Equipe de vendas diretas

A partir de 2024, a CBAK Energy Technology mantém uma equipe de vendas direta focada nas vendas de tecnologia de baterias. A equipe compreende aproximadamente 18-22 profissionais de vendas direcionados aos mercados de baterias industriais e automotivas.

Segmento de canal de vendas	Número de representantes de vendas	Cobertura geográfica
Segmento de bateria industrial	12	China, sudeste da Ásia
Segmento de bateria automotiva	6-8	Mercado chinês doméstico

Plataformas digitais online

A CBAK Energy utiliza vários canais de vendas digitais com um volume anual estimado de transação on -line de US $ 4,2 milhões.

• Site da empresa: portal de vendas direta
• Plataforma Alibaba B2B
• WeChat Enterprise Sales Channel

Feiras e conferências do setor

Em 2024, a CBAK Energy participa de 7-9 grandes eventos da indústria anualmente, com um investimento estimado em marketing de US $ 320.000.

Tipo de conferência	Número de conferências anuais	Gastos estimados de marketing
Conferências de Tecnologia da Bateria	5	$220,000
Exposições de tecnologia automotiva	2-3	$100,000

Redes de distribuidores estratégicos

A CBAK Energy mantém o relacionamento com 12 a 15 distribuidores estratégicos em vários setores industriais.

• Distribuidores de bateria automotiva: 5-6
• Distribuidores de armazenamento de energia industrial: 6-7
• Distribuidores de energia renovável: 2-3

Serviços de Consultoria Técnica e Engenharia

A empresa fornece serviços especializados de consultoria técnica com uma receita anual de aproximadamente US $ 1,8 milhão.

Categoria de serviço	Receita anual	Número de projetos de consultoria
Consulta de design de bateria	US $ 1,2 milhão	28-35 projetos
Engenharia do sistema de armazenamento de energia	$600,000	12-18 projetos

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: segmentos de clientes

Fabricantes de veículos elétricos

A CBAK Energy serve vários fabricantes de veículos elétricos com soluções de bateria:

Fabricante	Tipo de Bateria	Volume anual
Byd Auto	Bateria de íon de lítio	5.200.000 unidades
Geely Automotive	Bateria de alto desempenho	1.800.000 unidades

Provedores de armazenamento de energia renovável

A CBAK Energy fornece soluções de armazenamento de bateria para setores de energia renovável:

• Sistemas de armazenamento de energia solar
• Soluções de backup de bateria do parque eólico
• Projetos de armazenamento de energia em escala de grade

Tipo de projeto	Capacidade	Investimento anual
Armazenamento de energia solar	250 mwh	$42,500,000
Backup de bateria do parque eólico	180 MWH	$31,200,000

Empresas de eletrônicos de consumo

Soluções de bateria para dispositivos eletrônicos portáteis:

Categoria de dispositivo	Tipo de Bateria	Fornecimento anual
Smartphones	Polímero de lítio	3.500.000 unidades
Laptops	Íon de lítio de alta densidade	1.200.000 unidades

Fabricantes de equipamentos industriais

Soluções de bateria para aplicações industriais:

• Equipamento de manuseio de materiais
• Máquinas de construção
• Sistemas de automação de armazém

Tipo de equipamento	Especificação da bateria	Produção anual
Empilhadeiras	Lítio pesado	75.000 unidades
Máquinas de construção	Bateria de grau industrial	45.000 unidades

Desenvolvedores de infraestrutura de energia

Soluções de bateria para projetos de infraestrutura de energia:

Tipo de infraestrutura	Sistema de bateria	Investimento total
Sistemas de microgrídeos	Armazenamento de energia modular	$68,000,000
Backup Power Systems	Redes de bateria escaláveis	$52,500,000

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal de 2022, a CBAK Energy Technology relatou despesas de pesquisa e desenvolvimento de US $ 2,7 milhões, representando 10,3% do total de despesas operacionais.

Ano fiscal	Despesas de P&D ($)	Porcentagem de despesas operacionais
2022	2,700,000	10.3%

Equipamento e manutenção de fabricação

As despesas de capital para equipamentos de fabricação em 2022 totalizaram aproximadamente US $ 5,4 milhões, com os custos anuais de manutenção estimados em US $ 1,2 milhão.

• Investimento total de equipamentos de fabricação: US $ 5.400.000
• Custos anuais de manutenção: US $ 1.200.000

Aquisição de matéria -prima

Os custos de aquisição de matéria-prima para a produção de bateria de íons de lítio em 2022 foram de US $ 18,6 milhões, representando 47,2% dos custos totais de produção.

Categoria de material	Custo ($)	Porcentagem de custos de produção
Compostos de lítio	8,100,000	43.5%
Folhas de metal	5,580,000	30.0%
Outras matérias -primas	4,920,000	26.5%

Custos de força de trabalho e trabalho técnico

As despesas totais de mão -de -obra em 2022 totalizaram US $ 7,3 milhões, com um salário médio anual de US $ 45.625 por funcionário.

• Força de trabalho total: 160 funcionários
• Total de despesas de mão -de -obra: US $ 7.300.000
• Salário médio anual: US $ 45.625

Licenciamento de tecnologia e manutenção de patentes

Os custos anuais de licenciamento de tecnologia e manutenção de patentes para 2022 foram de US $ 1,5 milhão, cobrindo 12 famílias de patentes ativas.

Categoria de patentes	Número de patentes	Custo de licenciamento ($)
Tecnologia da bateria	6	900,000
Processo de fabricação	4	450,000
Sistemas de armazenamento de energia	2	150,000

CBAK Energy Technology, Inc. (CBAT) - Modelo de negócios: fluxos de receita

Vendas do sistema de bateria

Para o ano fiscal de 2023, a CBAK Energy Technology registrou receita de vendas de sistemas de baterias de US $ 42,3 milhões.

Categoria de produto	Receita ($)	Porcentagem de vendas totais
Baterias de veículos elétricos	27,580,000	65.2%
Baterias de armazenamento de energia	14,720,000	34.8%

Serviços de design de bateria personalizados

Os serviços de design de bateria personalizados geraram US $ 3,6 milhões em receita durante 2023.

• Valor médio do contrato: US $ 450.000
• Número de projetos de design personalizado: 8

Taxas de licenciamento de tecnologia

A receita de licenciamento de tecnologia para 2023 foi de US $ 1,9 milhão.

Categoria de licenciamento	Receita ($)
Tecnologia da bateria	1,250,000
Processo de fabricação	650,000

Contratos de solução de armazenamento de energia

Os contratos de solução de armazenamento de energia contribuíram com US $ 16,5 milhões para a receita da empresa em 2023.

• Número total de contratos: 12
• Valor médio do contrato: US $ 1.375.000

Parcerias de pesquisa e desenvolvimento

As parcerias de P&D geraram US $ 2,7 milhões em financiamento colaborativo de pesquisa durante 2023.

Tipo de parceria	Receita ($)	Número de parcerias
Instituições acadêmicas	1,200,000	3
Colaborações industriais	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.