CBAK Energy Technology, Inc., a leading lithium-ion battery manufacturer and electric energy solution provider, announced that it has started the trial production of its special 26650 lithium battery (the “Special 26650 Battery”). Different from our regular 26650 batteries that the company is currently manufacturing and selling, the Special 26650 Battery is a self-developed battery model specifically designed for application in ultra-low temperature environments. The Special 26650 Battery has delivered satisfactory test performance results to date, while the trial’s production yield rate has also been very close to our required level for mass production. The Company believes that it will be capable of achieving mass delivery of its Special 26650 Battery by the second half of 2021.
The Company utilizes self-developed and customized materials that can be used in extreme environments as the core materials for its Special 26650 Battery. As a result, the Special 26650 Battery features a new ultra-low temperature system and can operate normally in ultra-low temperature environments. The Special 26650 Battery can function properly in temperatures as low as minus 40 to minus 50 degrees Celsius and can discharge at a maximum C-rate of 60C at room temperature. Capable of operating with high efficiency in low-temperature environments, the Special 26650 Battery has several use cases in high-latitude and high-altitude low temperature environments, such as energy storage in ultra-low-temperature environment, base stations, transportation, unmanned drones, aviation and aerospace areas, as well as other specific circumstances that require ultra-low-temperature cells. We believe our self-developed technology of the Special 26650 Battery is currently at the forefront of the industry.
Mr. Yunfei Li, Chief Executive Officer of CBAK Energy, commented, “We are pleased to announce the success of our initial trial productions for the Special 26650 Battery and look forward to accelerating its production going forward. In addition to demonstrating our industry-leading research and development capabilities, the Special 26650 Battery is highly attractive to participants in the aviation and aerospace industries due to its effective ultra-low temperature application. As a result, we believe that the production of the Special 26650 Battery will help to fuel our expansion into these markets. Going forward, we plan to continue leveraging our strong technical strengths to develop more competitive battery products, thereby expanding our current portfolio of business layout offerings and generating additional shareholder value over the long term.”