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CBAK Energy secures nearly USD7 million order from Renowned European Client

CBAK Energy Technology, Inc., a leading lithium–ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. has secured an order valued at almost USD7.0 million from a Renowned European Client (the “Partner”). Founded in Europe, the Partner has been sourcing cylindrical batteries …

TMC strengthens battery production capabilities

Toyota Motor Corporation (TMC) has agreed with Panasonic Holdings Corporation (Panasonic HD) to make Primearth EV Energy Co., Ltd. (PEVE) a wholly owned subsidiary in order to strengthen its capabilities in mass-producing automotive batteries. The acquisition is scheduled to take place in late March. Among Toyota-affiliated companies, currently PEVE, Toyota …