UPDATE: CBAK Energy Announces Investment Agreement For 12 GWh Sodium-Ion Battery Project In Nanjing Was Announced September 23, 2026

CBAK Energy Technology Limited (NASDAQ: CBAT) has signed an investment agreement with the Nanjing Gaochun Economic Development Zone to develop large cylindrical sodium-ion battery cells and integrated systems in Nanjing, Jiangsu Province. This project will add 12 GWh of annual cell production capacity, supporting the company's sodium-ion expansion plan.