CBAK Energy Technology, Inc. announced that the Company has received an order from a leading European provider of heating, cooling and renewable energy systems (the "Customer") for a supply of lithium-ion batteries worth EUR 28.4 million ($27.8 million). On May 13, 2022, CBAK Energy announced that it had received an order worth EUR 28.2 million ($29.3 million) from the same Customer. This new order will bring the total order value thatCBAK Energy has received from the Customer in 2022 to approximately EUR 59.6 million, among which the Company expects to deliver an approximately EUR 17.1 million of batteries to the Customer in 2022 and the rest in 2023.
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