CBAK Energy Technology Inc (NAS:CBAT)
$ 0.8941 0.0439 (5.16%) Market Cap: 76.47 Mil Enterprise Value: 82.47 Mil PE Ratio: 7.09 PB Ratio: 0.58 GF Score: 83/100
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Q3 2024 CBAK Energy Technology Inc Earnings Call Transcript

Nov 12, 2024 / 01:00PM GMT
Release Date Price: $0.975 (-3.94%)
Unidentified Company Representative CBAK Energy Technology Inc

(Audio in progress)

Profitability. The factory we started operation and manufacturing the new model [32 to140 large CYD battery] at the end of 2021 have only been in business for less than three years. Originally, we anticipated that manufactory would have to suffer another lawsuit for a three-year period.

Thanks to the hard work of our team, the landing facility has successful, successfully become profitable ahead of schedule.

More importantly, the production line at our landing factory are currently operating at full capacity due to high demand per property up to accelerate our capacity expansion plan. As of now, we have signed a procurement contract with equipment supplier and plan to add a new production line that will enable compatible production of model [3,2,1,40 and 41 ,35] battery in the second phase of [NU factory] with an estimated capacity of a proxy month, [1.5 GTT] hour for model 3,2,1, 40, 1.5 GTT hour for model 40,135. We anticipate equipment installation in the first half of next year followed by mass

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