CBAT - CBAK Energy's Q4 Revenue Jumps With Battery Business Leading The Charge: Details | Benzinga
CBAK Energy Technology Inc (NASDAQ:CBAT) reported a fourth-quarter FY23 revenue increase of 3.2% Y/Y to $56.2 million.
Revenues benefitted from the battery business, partially offset by a decrease in sales from Hitrans, which was affected by the slowdown in the raw materials market.
Battery business revenues rose 30.9% Y/Y to $36.8 million, owing to an increase of 84.3% Y/Y from revenues from residential energy supply & uninterruptible supplies.
However, net revenues from batteries used in light electric vehicles declined ...