CBAK Energy Technology, Inc.
Reported: 2025-08-18
CBAK Energy Technologies reported a net revenue of $40.52 million in Q2 2025, down 15% year-over-year, primarily due to a transition in battery models and supply constraints at its Nanjing facility, resulting in net losses of $3.36 million.
Key takeaways
- Transition from Model 26650 to Model 40135 has significantly impacted sales, with a 44.8% drop in revenues from the residential energy storage market.
- Hitrans, the company's raw materials unit, recorded impressive growth with revenues rising 59.36% to $19.43 million, although it still reported net losses.
- Delays in completing Phase 2 of the Nanjing facility and a temporary pause on the Malaysian project have constrained production, but positive prospects for recovery are anticipated by year-end as new products come online.
