CBAK Energy Signs Investment Agreement for 12 GWh Sodium-Ion Battery Project in Nanjing
CBAK Energy signed an investment agreement with the Nanjing Gaochun Economic Development Zone for a 12 GWh sodium-ion/lithium-ion large cylindrical cell project in Nanjing, targeted to advance in the second half of 2027 subject to financing. Separately, the company plans a 6 GWh expansion at its existing Nanjing facility in the second half of 2026, which would lift annual cell capacity from 4.5 GWh to 10.5 GWh.
Key figures
- Existing capacity gwh
- 4.5
- New project capacity gwh
- 12
- Expansion revenue estimate
- RMB2.4B-RMB2.7B (approx US$356M-$400M) annual at full capacity
- Targeted total capacity gwh
- 10.5
- New project revenue estimate
- RMB4.8B-RMB5.0B (approx US$712M-$741M) annual at full capacity
- Existing facility expansion gwh
- 6
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