Tag: CBAK

Why CBAK Energy Technology Stock Fell 19.6% in February

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) slumped 19.6% in February, according to data from S&P Global Market Intelligence. The battery technology specialist’s stock saw steep declines at the end of the month as investor confidence in growth-dependent tech stocks wavered. 

CBAT Chart

CBAT data by YCharts.

The Chinese battery technology company’s stock has surged over the past year amid signs that it might have big growth opportunities in the electric vehicle (EV) market, but it remains vulnerable to volatility. With EV stocks suffering substantial sell-offs at the end of last month, it’s not surprising that CBAK shares saw a steep

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Why CBAK Energy Technology Stock Skyrocketed 45.5% in January

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) rose 45.5% in January, according to data from S&P Global Market Intelligence. The battery company’s stock soared early in the month following a report that electric vehicle (EV) specialist NIO was gearing up to launch new models using lithium iron phosphate batteries.

CBAT Chart

CBAT data by YCharts

Chinese EV industry news website cnEVpost published a report on Jan. 6 indicating that NIO was planning to introduce new, budget-focused vehicle lines that would use lower-cost lithium iron phosphate batteries. NIO is reportedly turning to CATL (China’s largest auto lithium-ion battery company) to supply the

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Why CBAK Energy Technology Stock Continued Its Rebound on Friday

What happened

Shares of Chinese lithium rechargeable battery maker CBAK Energy Technology (NASDAQ:CBAT) were on the rise again Friday, up by as much as 17.7% in early trading, and holding onto an 8.2% gain as of 12:08 p.m. EST. It was the stock’s second consecutive day of big gains after two straight days of even bigger losses.

So what

There doesn’t appear to be any “news” driving shares higher Friday — no analyst upgrades, no excited press releases from management. Rather, it appears traders are taking advantage of CBAK Energy’s now-lower share price to buy in.

And if you think

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Bet on Improved Lithium Batteries with CBAK Energy Technology Stock

Here is a piece of trivia that even lithium aficionados might not know. In January of 2005, CBAK Energy Technology (NASDAQ:CBAT) became the first Chinese lithium battery company to get listed in the United States. Of course, you can still trade CBAT stock today. Importantly, it has even made some big moves in 2020.

A magnifying glass zooms in on the website for CBAK Energy Technology (CBAT)

Source: Pavel Kapysh / Shutterstock.com

As its corporate profile notes, CBAK Energy Technology broadly engages in the sale of high-power lithium batteries for electric and hybrid vehicles, as well as for electric tools and energy storage.

Clearly CBAK has been, and still is, an

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