CBAK Energy Reports Q2 Revenue Beat Amid Battery Model Transition

CBAK Energy Technology, Inc. reported a challenging second quarter of 2025 with net revenues declining 15% year-over-year to $40.52 million, despite surpassing analyst estimates. The company is transitioning from smaller to larger battery cells, which has caused operational disruptions, including declines in net revenues and gross profits at its Dalian facility, and delays in the Nanjing phase two expansion due to equipment supplier issues. This transition and expansion are expected to drive a strong recovery by year-end as new advanced battery models ramp up and production capacity increases. The company reported a net loss of $3.07 million for Q2 2025, compared to net income of $6.45 million in the previous year, with diluted loss per share of $0.03. CBAK is expanding its market share in India and targeting high-quality customers in Europe and the U.S., focusing on electric vehicles and portable power supply sectors. Despite the current setbacks, the company is optimistic about future growth driven by new product rollouts and manufacturing capacity enhancements.