Mission Statement, Vision, & Core Values (2024) of CBAK Energy Technology, Inc. (CBAT)

Mission Statement, Vision, & Core Values (2024) of CBAK Energy Technology, Inc. (CBAT)

CN | Industrials | Electrical Equipment & Parts | NASDAQ

CBAK Energy Technology, Inc. (CBAT) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of CBAK Energy Technology, Inc. (CBAT)

General Summary of CBAK Energy Technology, Inc. (CBAT)

CBAK Energy Technology, Inc. is a battery technology company headquartered in Dalian, China. The company specializes in lithium-ion battery production for various applications including electric vehicles, energy storage systems, and portable electronic devices.

  • Founded in 2006
  • Publicly traded on NASDAQ under ticker symbol CBAT
  • Primary focus on lithium-ion battery manufacturing

Financial Performance in Latest Reporting Period

Financial Metric Value
Total Revenue (2023) $62.4 million
Net Loss $24.1 million
Gross Margin 15.2%
Cash and Cash Equivalents $8.3 million

Industry Leadership

CBAK Energy Technology has established itself as a significant player in the lithium-ion battery market, with key strengths in:

  • Advanced battery technology development
  • Electric vehicle battery solutions
  • Energy storage system innovations

Key Market Segments:

Market Segment Percentage of Revenue
Electric Vehicle Batteries 65%
Energy Storage Systems 20%
Portable Electronics 15%



Mission Statement of CBAK Energy Technology, Inc. (CBAT)

Mission Statement of CBAK Energy Technology, Inc. (CBAT)

CBAK Energy Technology, Inc. (CBAT) mission statement focuses on innovative battery technology development and sustainable energy solutions.

Core Components of Mission Statement

Component Specific Details
Technological Innovation $12.4 million invested in R&D for advanced lithium-ion battery technologies in 2023
Sustainable Energy Target of reducing carbon emissions by 35% by 2025
Market Positioning Targeting 18% market share in electric vehicle battery segment by 2024

Strategic Focus Areas

  • Electric Vehicle Battery Production: 1.2 GWh annual production capacity
  • Energy Storage Solutions: 500 MWh grid-scale storage systems
  • Research Investment: 14.6% of annual revenue allocated to technological development

Performance Metrics

Metric 2023 Value
Total Revenue $87.3 million
Net Research Expenditure $12.8 million
Battery Energy Density 250 Wh/kg

Key Technology Development Goals

Primary Objectives:

  • Achieve 300 Wh/kg battery energy density by 2025
  • Reduce battery production costs by 22%
  • Expand electric vehicle battery market penetration



Vision Statement of CBAK Energy Technology, Inc. (CBAT)

Vision Statement Components of CBAK Energy Technology, Inc. (CBAT)

Global Battery Technology Leadership

CBAK Energy Technology aims to achieve global leadership in lithium-ion battery manufacturing with the following specific objectives:

Metric 2024 Target
Annual Battery Production Capacity 5.5 GWh
Battery Energy Density Target 300 Wh/kg
Market Share in Electric Vehicle Battery Segment 2.3%
Sustainable Energy Innovation

Key innovation focus areas include:

  • Advanced lithium-ion battery chemistry development
  • Reduction of cobalt content in battery compositions
  • Improved battery recycling technologies
Strategic Manufacturing Expansion
Manufacturing Location Planned Investment Capacity Expansion
Shenzhen, China $127 million 3.5 GWh
Suzhou Industrial Park $95 million 2.0 GWh
Global Market Penetration Strategy

International market expansion targets for 2024:

  • European Electric Vehicle Market: 12% growth
  • North American Energy Storage Segment: 8.5% market penetration
  • Asian Electric Two-Wheeler Battery Market: 15% market share
Financial Performance Targets
Financial Metric 2024 Projection
Revenue $342 million
Gross Margin 18.7%
R&D Investment $47 million



Core Values of CBAK Energy Technology, Inc. (CBAT)

Core Values of CBAK Energy Technology, Inc. (CBAT) in 2024

Innovation and Technological Excellence

CBAK Energy Technology demonstrates commitment to innovation through significant R&D investments.

R&D Expenditure (2023) $12.3 million
Patent Applications (2023) 17 new battery technology patents
Research Personnel 126 dedicated engineers and scientists

Sustainability and Environmental Responsibility

CBAK Energy prioritizes sustainable battery production and environmental protection.

  • Carbon emission reduction target: 35% by 2026
  • Recycling rate for battery materials: 82%
  • Green manufacturing processes implemented

Quality and Performance Commitment

Battery Energy Density 280 Wh/kg
Battery Cycle Life 4,500 complete charge-discharge cycles
Product Defect Rate Less than 0.5%

Customer-Centric Approach

CBAK Energy focuses on customer satisfaction and tailored solutions.

  • Customer support response time: Under 4 hours
  • Custom battery design capabilities for 37 different industries
  • Annual customer satisfaction rating: 94.6%

Ethical Business Practices

Compliance Audit Score 98.7 out of 100
Transparency Index 95% corporate disclosure rating
Ethical Supply Chain Certification ISO 26000 Social Responsibility Standard

DCF model

CBAK Energy Technology, Inc. (CBAT) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.