CBAK Energy Technology, Inc., a leading lithium-ion battery manufacturer and electric energy solution provider in China, has announced that its wholly owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. has recently secured substantial orders worth approximately RMB18.60 million, or $2.71 million from Shenzhen PowerOak Technology Co., Ltd. (“PowerOak”). PowerOak is the parent company of BlueTTI, a top-rated brand in the global market for portable power supply solutions.
In March of 2022, PowerOak placed their initial order, through its subsidiary, Huizhou PowerOak Technology Co., Ltd., to purchase batteries from Nanjing CBAK. Since then, Nanjing CBAK has received orders totaling approximately RMB36.85 million, or $5.36 million, from PowerOak, as of April 18, 2023. These batteries are intended for use in PowerOak and their sub-brand BlueTTI’s portable power supply units. We anticipate that our partnership with PowerOak will result in additional orders throughout this year and beyond.
CBAK Energy’s CEO, Mr. Yunfei Li, expressed his enthusiasm for the long-term partnership with PowerOak and their sub-brand BlueTTI: “PowerOak and BlueTTI are among the top three players in the global portable power station market. PowerOak’s products have gained popularity not only in China but also in over 70 countries and regions around the world, including Europe, Japan, Korea, and America. With over a year of successful collaboration, we anticipate continued growth and increased demand for our battery products from PowerOak in the future.“