DALIAN, China, Dec. 30, 2024 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”), has successfully signed procurement agreements with all suppliers and completed the prepayment for all necessary production equipment and utilities required for the first two production lines at its Phase II project in Nanjing.

Launched in 2021, the Company’s Nanjing project is structured in two phases. Phase I began mass production of its flagship 32140 large cylindrical lithium-ion cells in late 2021, with an actual capacity of approximately 1.3GWh, distributed across two production lines. Phase II, representing a significant expansion, is designed to scale up to a planned capacity of 27GWh. Driven by the soaring demand for the Company’s 32140 battery cells in 2024, Phase I is currently operating at full capacity. In response to urgent client requirements, the Company has decided to fast-track the progress of Phase II. Under the current timeline, the first two production lines at Phase II are scheduled to enter trial production by May 2025, with full-scale mass production expected to begin by late 2025.

These two production lines are specifically designed for the production of Model 32140 large cylindrical battery cells. With certain modifications, they can also be adapted to efficiently manufacture the upgraded Model 40135 cylindrical battery cells. The Model 40135 is an advanced product from the 32140, specifically tailored for portable power supply applications and home energy storage systems. Together, these two production lines will have an annual production capacity of approximately 3GWh.

Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, “We are thrilled to announce the acceleration of our Phase II project in Nanjing. As part of our broader expansion plan, the addition of these two production lines will significantly enhance our capacity to meet the surging demand from our clients. The flexibility of one of the lines to produce the Model 40135 battery cells opens up exciting new opportunities in the energy storage sector. We will continue to keep our investors informed as we reach key milestones in this transformative project.”

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:
In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn 

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SOURCE CBAK Energy Technology, Inc.

OSTRAVA, Czech Republic, Dec. 30, 2024 /PRNewswire/ — The City of Ostrava plans to build the most modern football stadium in the Czech Republic, which will serve as a venue for international matches, including games featuring the Czech national football team. After completing the necessary preparations, the city has launched an architectural competition to design the New Bazaly football stadium. The goal is to find the most suitable modern stadium design that will provide a home for FC Baník Ostrava and become a new landmark for Ostrava. The new stadium will be constructed on the historic grounds of Bazaly, where the football club played for 56 years starting in 1959.

For Ostrava, the overall architectural solution is crucial, particularly its integration into the existing urban space near the national cultural monument of the New Town Hall. The aim is to create a football stadium that meets all modern standards and provides facilities for everyone to enjoy football, regardless of age or disability. The design must also reflect the history of the site and the football club. This new regional landmark should include unique facilities for football while excelling in other areas. The stadium is envisioned as a multifunctional space offering leisure activities, including a football club museum, various services, restaurants, fan shops, and guided tours. For the city, the technical feasibility of the new building, along with its cost-effectiveness, sustainability, and financial practicality, is of utmost importance.

The planned capacity of the Nové Bazaly stadium is approximately 19,500 to 20,000 seated spectators. The current cost estimate is €100 million. The evaluation and assessment of architectural proposals will occur in two phases. Ostrava anticipates participation from renowned and experienced architectural studios with a proven track record in designing and constructing similar major projects. These studios are expected to deliver high-quality, timeless, and realizable solutions. The competition jury will also feature prominent and seasoned figures from the world of architecture.

The architect behind the winning design will undoubtedly leave a lasting mark on the history of the Czech Republic’s third-largest city. The deadline for submitting applications to participate is 1:00 PM on January 24, 2025. Interested parties can find all relevant information about the architectural competition in the published Tender Arena link: https://1url.cz/W1Iwl.

View original content:https://www.prnewswire.com/news-releases/city-of-ostrava-seeks-architect-for-the-design-of-the-czech-republics-newest-football-stadium-302338530.html

SOURCE City of Ostrava

SHENZHEN, China, Dec. 30, 2024 /PRNewswire/ — ZHAOWEI (Shenzhen ZHAOWEI Machinery & Electronics Co., Ltd), a leading innovator in precision micro drive solutions, is proud to announce its participation in CES 2025, the premier global tech event. From January 7 to 10, 2025, at the Las Vegas Convention Center, ZHAOWEI will unveil its groundbreaking Dexterous Hand, a technological leap forward that is set to redefine the possibilities of robotics and intelligent systems. Designed with unmatched precision and adaptability, the Dexterous Hand achieves independent movement of each finger joint, unlocking unprecedented potential for robotics and intelligent systems.

Visitors to CES 2025 will have the opportunity to witness this breakthrough technology at ZHAOWEI’s two exhibit locations:

Main Booth: South Hall 1-30357Sub Booth: South Hall 3-40433
(15-min by walking between the two)

These exhibits will feature interactive displays, where attendees can experience the Dexterous Hand performing intricate, real-world tasks, showcasing its ability to replicate human-like dexterity.

Dexterous Hand Features and Applications

ZHAOWEI’s Dexterous Hand is engineered to mimic the human hand’s range of motion with exceptional fidelity. By leveraging ZHAOWEI’s proprietary micro drive technologies, it provides an unparalleled combination of precision, flexibility, and performance.

Key Features:

17-20 Degrees of Freedom: A sophisticated combination of parallel and linear motors enables a full range of hand and finger motions for complex and precise operations.Independent Joint Movement: Each finger joint operates autonomously, allowing for coordinated and intricate tasks such as gripping, twisting, and object manipulation.Human-like Dexterity and Adaptability: Acquired independent motion capability for each finger. Combined with compliant control and force feedback algorithms, it can precisely simulate human hand movements for complex grasping and manipulation.Compact and Lightweight Design: Engineered to fit within the most space-constrained robotic systems, the micro drive systems deliver superior performance without adding bulk.Durability and Long Service Life: Built to withstand rigorous usage, these systems maintain their precision and reliability over extended operational periods.

“The Dexterous Hand is a commitment of our company to push the boundaries of robotics,” said Li Ping, Vice President of Technology at ZHAOWEI. “Its ability to combine life-like motion with superior precision positions it as a game-changer for industries requiring high levels of dexterity and control.”

The Dexterous Hand holds immense potential across various industries, including healthcare, where it can be used in robotic-assisted surgery and rehabilitation devices that require precision and adaptability. In industrial automation, it is valuable for advanced manufacturing tasks that demand delicate handling or assembly of intricate components. Additionally, in consumer robotics, the Dexterous Hand enables service robots to perform everyday tasks with human-like accuracy and finesse.

Supporting Technologies on Display
In addition to the Dexterous Hand, ZHAOWEI will exhibit supporting innovations, including:

6mm-16mm Coreless Motors: Lightweight, efficient motors delivering high performance for a variety of robotic applications.6mm-19mm Precision Gearboxes: High-torque, low-backlash gear systems designed to enhance robotics and automation systems’ efficiency and accuracy.

“At CES 2025, ZHAOWEI aims to showcase the power of micro drive solutions in shaping the future of robotics,” said Li Haizhou, Chairman of ZHAOWEI. “The Dexterous Hand is more than a technological innovation—it reflects our vision of smarter, more adaptable machines that improve lives and transform industries.”

About ZHAOWEI

Founded in 2001, ZHAOWEI specializes in developing advanced micro drive systems. With over two decades of experience in the field of micro drive, ZHAOWEI’s expertise not only lies in providing a wide option of high-performance motors but also in developing tailored drive systems for clients’ applications. Known for its relentless commitment to innovation and quality, ZHAOWEI partners with global leaders to deliver technologies that drive progress and enhance human life.

View original content:https://www.prnewswire.com/news-releases/global-debut-zhaoweis-dexterous-hand-is-ready-to-shine-at-ces-2025-302340089.html

SOURCE ZHAOWEI