CBAK Energy rises on $29 mln battery order from European customer

CBAK Energy Technology

13/05/2022 14:50

** Shares in lithium-ion battery manufacturer  CBAT.O  climb
16.7% to $1.12
    ** CBAT receives order from European provider of heating,
cooling and renewable energy systems for supply of lithium-ion
batteries worth 28.2 mln euros ($29.22 mln)  urn:newsml:reuters.com:*:nPn1LD281a
    ** CBAK will ship about 13.9 mln units of batteries to the
Europe customer 
    ** Friday's order will bring total order value CBAK Energy
has received from Customer in 2022 to about 31.2 mln euros, for
which company will deliver products this year and next
    ** CBAT down ~38% YTD


($1 = 0.9653 euros)

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))