CBAK Energy Technology Limited (NASDAQ:CBAT) ("CBAK Energy" or the "Company"), a leading lithium-ion battery manufacturer and energy solutions provider in China, today provided an operational update for the seven months ended July 31, 2026, reporting that shipments of its Model 32140 cylindrical cells increased 101.5% year over year.

For the first seven months of 2026, shipments of the Company’s Model 32140 cells totaled 32.55 million units, up 101.5% from 16.15 million units in the same period of 2025. The seven-month volume also surpassed the full-year 2025 shipment volume of 29.98 million units by approximately 8.6%. The result builds on the Company’s No. 3 ranking in China for Model 32140/33140 unit shipments in 2025, according to the Start Point Institute of Research ("SPIR").

The strong shipment growth was supported by the continued ramp-up of the Company’s Phase II automated production lines in Nanjing. As of July 2026, the Phase II lines had a production capacity of approximately 177,800 cells per day, up 174.0% from 64,900 cells per day in January 2026 and equal to approximately 80.8% of the Company’s year-end target. The Company aims to increase the production capacity of the Phase II lines to 220,000 cells per day by the end of 2026.