• CBAK Energy posted a net loss of USD 9 million for the quarter ended March 31, 2026, widening from the prior-year period; fully diluted loss per share widened to USD 0.1.
• Net revenues more than doubled to USD 69.62 million, while gross profit dropped 78.3% to USD 1.04 million.
• Operating loss widened to USD 9.7 million, as finance income swung to a net expense of USD 416,000 and the company recorded a USD 906,000 loss from changes in fair value of financial derivatives.
• Battery sales to light electric vehicles climbed 442% to USD 15.41 million, while materials revenue rose 120% to USD 32.1 million; battery sales to electric vehicles fell to USD 1,538.
• Cash and cash equivalents totaled USD 98.6 million at March 31, 2026, while the working capital deficit stood at USD 129.8 million and management flagged substantial doubt about the company’s ability to continue as a going concern.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBAK Energy Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-058528), on May 18, 2026, and is solely responsible for the information contained therein.