CBAK Reports Lithium-Ion Battery Order from Viessmann Group for 2024 Delivery Valued at EUR116.5 Million

(24/7 MARKET NEWS) – CBAK Energy Technology, Inc. (NASDAQ:CBAK) reported, this morning, that it received an order worth EUR116.5 million (approximately USD124.5 million) for lithium-ion batteries to be delivered to the Viessmann Group, for 2024, bringing its total Viessmann orders for 2022 and 2023 to EUR176.1 million

CBAK Energy is trading at $1.34, up $0.13 (+10.74%), on 40.61K premarket shares traded.Its 52-week range is $ 0.7402 to 1.70. There isn’t too much resistance between here and a new 52-week high, but it’s a foreign based listing, so look for swings and scalps, rather than long-term hold.24/7 MARKET NEWS, INC Disclaimer24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make. Please go to 247marketnews.com or https://247marketnews.com/terms-disclaimer/ for further information.