CBAK Energy Reports 41% Revenue Decline Amid Product Transition

Koil Energy Solutions reported a decline in first quarter 2025 revenue and EBITDA, attributing the dip to increased fixed costs amid volatile fixed-price contracts, while emphasizing a strategy to improve workforce utilization and financial discipline. Meanwhile, CBAK Energy Technology faced a significant 41% year-over-year revenue drop largely due to transitioning from its outdated Model 26650 battery to the new Model 40135, resulting in a net loss and operational challenges. Despite these setbacks, CBAK highlighted robust growth in its electric vehicle and light electric vehicle segments, with full-capacity production at its Nanjing facility and plans for a new Southeast Asian manufacturing site supported by a major high-volume customer agreement. The company expects that the Dalian facility's upgrade and the launch of Model 40135 will be critical for recovery, while continuing expansion efforts aim to enhance its global production footprint. Both companies are navigating transitional periods with strategic investments to foster long-term growth and competitiveness in their respective energy sectors.