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CBAT CBAK Energy Technology Inc.

Current Share Price: 4.910

J Capital Research
Initial Report Date（2020/12/18）Share Price:4.690

CBAK Energy Technology Inc. (CBAT US) The Undead: CBAT Why China BAK Has Zero Value

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CBAK Energy Technology Inc. (CBAT) represents the barely re-animated corpse of CBAK, a Chinese reverse merger that lost all its manufacturing assets to default in 2014.1 In 2015-16, CBAT raised $113 mln from investors to build new factories—and, we will show, appears to have simply taken a lot of that cash.

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