CBAK Energy Tech jumps as co develops advanced cylindrical battery

CBAK Energy Technology

28/09/2020 14:46

** Lithium-ion battery maker's shares  CBAT.O  rise 28.1% to
$3.1 
    ** Says it has successfully developed a large-sized
cylindrical tabless battery that passed technical and pilot
plant tests  urn:newsml:reuters.com:*:nPn4vms1Wa
    ** Compared to a previous model, energy capacity of one
single cell increased 5x with 25% increase in energy density and
20% reduction in cost per kilowatt - CBAT
    ** Plans to construct new standardized production line and
achieve mass product delivery in H1 2021    
    ** Stock has more than doubled YTD 

 (Reporting by Shivani Kumaresan in Bengluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))