CBAK Energy Technology, Inc. Gains 62.21%

CBAK Energy Technology, Inc. (CBAT:NASDAQ) rocketted at $1.33, a gain of 62.2%. The stock appeared on our News Catalysts scanner on Mon 29 Jun 20 at 09:56 AM in the 'INVESTOR UPDATE' category. From Thu 18 Jun 20, the stock recorded 60.00% Up Days and 45.45% Green Days

The share price of the company has been moving sideways in recent weeks.

About CBAK Energy Technology, Inc. (CBAT:NASDAQ)

CBAK Energy Technology Inc is a US-based company which is engaged in the manufacture, commercialization and distribution of variety of standard and customized lithium ion (Li-ion) high power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply and other high power applications. The company manufactures five types of Li-ion rechargeable batteries i.e. aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. It sells its products to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. The company generates majority of its revenue from Mainland China.