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CBAK Energy to Report Third Quarter 2024 Unaudited Financial Results on Tuesday, November 12, 2024

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DALIAN, China, Nov. 4, 2024 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024, before the U.S. market opens. The earnings results will be available on the Company’s Investor Relations website, and will be filed with the Securities and Exchange Commission on a Form 8-K.

CBAK Energy’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, November 12, 2024 (9:00 PM Beijing/Hong Kong Time on November 12, 2024).

For participants who wish to join our call online, please visit: 
https://edge.media-server.com/mmc/p/sepoc69g

Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions.

Participant Online Registration: https://register.vevent.com/register/BI35d99553511e4d63bffc9c7d4409bcec

Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/sepoc69g

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 and sodium batteries, as well as the production of 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, energy storage 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, Shaoxing and Shangqiu, 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.

Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks.  There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed 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

View original content:https://www.prnewswire.com/news-releases/cbak-energy-to-report-third-quarter-2024-unaudited-financial-results-on-tuesday-november-12-2024-302291233.html

SOURCE CBAK Energy Technology, Inc.

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TTA and O-RAN ALLIANCE Signed Agreement to Cooperate on Standardization of Open RAN Technology

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WASHINGTON and BONN, Germany, Nov. 25, 2024 /PRNewswire/ — TTA and O-RAN ALLIANCE have officially announced the signing of a Cooperation Agreement (CA) that enables the adoption of O-RAN ALLIANCE specifications to TTA standards.

The agreement establishes a collaborative process through which individual O-RAN specifications will be selected and adopted by TTA, strengthening the framework for Open RAN development and deployment in the Republic of Korea. By enabling O-RAN ALLIANCE specifications to be adopted as TTA standards, the agreement provides the basis for accelerated progress in mobile network innovation and supports the creation of a more competitive and diverse telecommunications ecosystem.

This agreement aligns with the shared vision of TTA and the O-RAN ALLIANCE to drive the industry towards the development of more intelligent, open, and virtualized mobile networks that comply with global standards. Both organizations are committed to fostering a robust framework that facilitates the adoption of Open RAN technology, ensuring that mobile networks meet evolving technical and architectural requirements in the future.

“TTA and O-RAN ALLIANCE share a commitment to the advancement of Open RAN and recognize the important role it plays in fostering an ecosystem of trusted vendors capable of delivering cost-effective, high-performance mobile network platforms.” said Seung-Hyun Son, President of TTA. “The Cooperation Agreement we have signed will combine the expertise and influence of both organizations to ensure interoperability in the open RAN market and the deployment of systems based on integrated, standards-based technologies.”

“O-RAN ALLIANCE specifications set the global foundation for open, intelligent, virtualized and interoperable Radio Access Networks, building on common RAN standards,” said Abdurazak Mudesir, Chair of the Board of O-RAN ALLIANCE and Group CTO, Deutsche Telekom. “O-RAN ALLIANCE welcomes TTA’s transposition of O-RAN specifications to TTA standards. As with other national SDO’s, this MoU ensures technical alignment and supports mutual efforts to enable truly open RAN ecosystem.”

About TTA

The Telecommunications Technology Association (TTA) is a leading organization in the Republic of Korea dedicated to develop ICT standardization and provide testing and certification services. It plays a key role in setting and promoting high-quality ICT standards that enable the development and adoption of innovative communication technologies, ICT convergence, security, software, broadcasting, radio/wireless communications, 5G/B5G, etc. TTA’s extensive range of services includes testing and certification for software and network systems, ensuring that they meet global industry standards. By supporting international cooperation and developing specialized training programs, TTA contributes to the growth and competitiveness of Korea’s digital and telecommunications industries.

For more information, visit www.tta.or.kr

About O-RAN ALLIANCE

The O-RAN ALLIANCE is a worldwide community of more than 300 mobile operators, vendors, and research & academic institutions operating in the Radio Access Network (RAN) industry. As the RAN is an essential part of any mobile network, the O-RAN ALLIANCE’s mission is to re-shape the industry towards more intelligent, open, virtualized and fully interoperable mobile networks. The new O-RAN specifications enable a more competitive and vibrant RAN supplier ecosystem with faster innovation to improve user experience. O-RAN based mobile networks at the same time improve the efficiency of RAN deployments as well as operations by the mobile operators. To achieve this, the O-RAN ALLIANCE publishes new RAN specifications, releases open software for the RAN, and supports its members in integration and testing of their implementations.

For more information, please visit www.o-ran.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tta-and-o-ran-alliance-signed-agreement-to-cooperate-on-standardization-of-open-ran-technology-302314856.html

SOURCE O-RAN Alliance

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The vegetable greenhouse at the foot of the Turpan Flame Mountain ushered in a new era of electrification

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TURPAN, China, Nov. 25, 2024 /PRNewswire/ — On November 20, in the 10,000-mu vegetable greenhouse base in Sanbao Township, under Huoshan Mountain, Turpan City, Xinjiang, there was a busy and warm scene. Power supply personnel are shuttling between greenhouses, helping growers to debug electric heaters and other electrical equipment to ensure a stable supply of vegetables this winter. Despite the cold wind, the greenhouses are full of greenery, and growers are busy planting fruits and vegetables such as peppers and bok choy in preparation for the upcoming harvest season.

In recent years, with the in-depth promotion of smart greenhouse technology, the electrification of greenhouses has become a common trend in Turpan. Growers have adopted modern equipment such as electric roller shutters, electric heating equipment, temperature and humidity control devices, which not only improve production efficiency, but also greatly improve the quality of fruits and vegetables.

In view of the concentrated area of greenhouse planting, the State Grid Turfan Power Supply Company carried out a survey on electricity demand in advance and vigorously implemented the upgrading and transformation project of the rural power grid. By upgrading transformers and rural power lines in a timely manner, the power supply company has effectively improved the stability and reliability of power supply. At the same time, the company also regularly carries out door-to-door services to help growers check the hidden dangers of electricity, ensure the stable operation of greenhouse equipment, and protect the growers’ “money bags”.

Turpan City has 24,000 greenhouses, and the planting area of fruits and vegetables reaches 36,000 mu, forming 15 relatively concentrated development areas. In November this year, the planting of off-season fruits and vegetables in winter has been in full swing, and it is expected that they will be available from January to April next year. These products are mainly shipped to Urumqi and other medium-sized cities, becoming a veritable “vegetable basket” in Xinjiang.

Electrification not only brings about productivity gains, but also significant environmental benefits. Traditional coal-fired heating methods not only pollute the environment, but also have potential safety hazards. Electric heating equipment is not only environmentally friendly, but also easy to control, which can accurately adjust the temperature in the greenhouse and provide the best growing environment for fruit and vegetable growth.

View original content:https://www.prnewswire.com/apac/news-releases/the-vegetable-greenhouse-at-the-foot-of-the-turpan-flame-mountain-ushered-in-a-new-era-of-electrification-302315121.html

SOURCE State Grid Turfan Power Supply Company

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Special Envoy of Indonesia, Hashim Djojohadikusumo Attracts EUR 1.2 Billion of Green Financing in Electricity Sector at COP29

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BAKU, Azerbaijan, Nov. 25, 2024 /PRNewswire/ — The Government of Indonesia, represented by the Special Envoy of the President of the Republic of Indonesia, Hashim Djojohadikusumo, has attracted EUR 1.2 billion in green financing for the power sector from Kreditanstalt für Wiederaufbau (KfW). This agreement was finalized during the 29th Conference of the Parties (COP29) in Baku, Azerbaijan, on Wednesday (11/13). The funding will be allocated to the development of various green power infrastructures, supporting the nation’s sustainable energy transition.

The partnership was formalized by the signing of a Memorandum of Understanding (MoU) between PT PLN (Persero) and KfW. This partnership focuses on developing clean energy projects, specifically Pumped Storage Hydropower Plants and transmission network to connect green power plants.

Hashim Djojohadikusumo emphasized that the government of Indonesia is committed to reducing carbon emissions through energy transition by fostering collaborations at the global level, the shift towards renewable energy is expected to support energy self-sufficiency and drive national economic growth. He affirmed, “We have developed a new strategy over the next five years to achieve a minimum of 8% sustainable economic growth.”

He underscored that the development of clean energy sources is crucial for enhancing Indonesia’s industrial competitiveness. Over the next 15 years, the country targets a 75 percent increase in renewable energy generation capacity, contributing to the planned addition of 100 gigawatts (GW) of electricity capacity. “As a major nation, we are committed to fulfilling our responsibility to protect the future of our environment. We deeply appreciate the established international cooperation, which is a testament of our collective efforts in achieving the Net Zero Emissions (NZE) target,”

Darmawan Prasodjo, President Director of PT PLN (Persero) (“PLN”), expressed the corporation’s firm support towards the government’s initiatives in advancing energy transition. Various collaborations and initiatives have been implemented by PLN to ensure the success of sustainable electricity projects.

He noted that KfW’s involvement in PLN’s green projects is expected to drive more international partners to collaborate, cultivating a synergy of sustainable strategic, technical, and investment collaboration to accelerate global climate action. “This collaboration signifies PLN’s proactive steps in expanding international partnerships to enhance national energy self-sufficiency in line with global climate actions.”

Jürgen Kern, Sustainability Officer of KfW Group, explained that KfW’s support for Indonesia demonstrates Germany’s commitment to international cooperation for green transformation. Furthermore, Jürgen highlighted that PLN is at the center of Indonesia’s energy transition, underscoring the company’s unwavering support to greening the energy sector, while maintaining reliable energy access.

“Therefore, we believe that Indonesia and Germany can continue to strengthen partnership in the energy sector, moreover, in clean energy projects, like renewable energy and transmission. Achieving the NZE target requires robust collaboration and partnership,” he concluded.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/special-envoy-of-indonesia-hashim-djojohadikusumo-attracts-eur-1-2-billion-of-green-financing-in-electricity-sector-at-cop29–302315124.html

SOURCE PT PLN (Persero)

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