Brief: CBAK Energy Technology Says Unit Signed Joint Development Agreement With Wuxi Lead Intelligent Equipment
07/12/2020 14:20
Dec 7 (Reuters) - CBAK Energy Technology Inc CBAT.O :
* CBAK ENERGY TECHNOLOGY INC - SUBSIDIARY SIGNED A JOINT
DEVELOPMENT AGREEMENT WITH WUXI LEAD INTELLIGENT EQUIPMENT CO
* CBAK ENERGY TECHNOLOGY - TWO PARTIES PLAN TO JOINTLY
DESIGN &
DEVELOP AUTOMATIC PRODUCTION LINE FOR MANUFACTURING TAB-LESS
POWER LITHIUM BATTERIES
* CBAK ENERGY TECHNOLOGY - ACCORDING TO AGREEMENT, CO TO
PRIORITIZE LEAD'S AUTOMATIC PRODUCTION LINE TO MANUFACTURE NEW
POWER LITHIUM-ION BATTERIES
* CBAK ENERGY TECHNOLOGY - AFTER ALL PRODUCTION LINES REACH
PRODUCTION CAPACITY, EXPECT OUTPUT VALUE OF RMB 4 BILLION (ABOUT
$600 MILLION) WILL BE ACHIEVED
Source text for Eikon: ID:nPn4LYdtra
Further company coverage: CBAT.O
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