CBAK Energy Tech: Gains on supply deal with Kandi Technology Group

CBAK Energy Technology

27/11/2020 15:00

** Shares of Lithium-ion battery maker  CBAT.O  up 17% at
$8.09
    ** CBAT's unit signs supply deal with a unit of Kandi
Technology Group  KNDI.O  on Friday for development of electric
vehicles  urn:newsml:reuters.com:*:nPn57K8XPa
    ** KNDI to buy 800 million RMB ($121.58 million) worth
battery pack system and customized battery manufacturing service
in 2021
    ** Stock has risen more than seven-fold so far this year 




($1 = 6.5799 Chinese yuan renminbi)

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com;))