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CBAK Energy Technology, Inc. March 2025 ©2024 CBAK. All Rights Reserved. The First Chinese Li-ion Battery Manufacturer Listed in NASDAQ Investor Presentation (NASDAQ: CBAT)
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⚫ Disclaimers and Other Important Information This presentation (the “Presentation”) about CBAK Energy Technology, Inc. (the “Company” or “CBAK”) is dated as of March 2021. It is information in a summary form and does not purport to be complete. The data contained herein is derived from internal records and publicly available sources. This Presentation is not intended to be relied upon as advice to potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its affiliates, directors, officers or employees as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. We do not undertake or agree to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent. No person has been authorized to give any information or make any representations other than those contained in this Presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The contents of this Presentation are not to be construed as legal, financial or tax advice. ⚫ Forward Looking Statements This Presentation contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Presentation, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act,as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,”or “will” or the negative of these terms or other comparable terminology. Our actual results may differ m aterially or perhaps significantly from those discussed herein,or implied by, these forward-looking statements. Any forward-looking statements contained in this Presentation are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improvein future periods are subject to numerous risks. There are a numberof important factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements. These important factors include those that we discussed or referred to in CBAK’s disclosure documents filed with the U.S. Securities and Exchange Co mmission (the “SEC”) available on the SEC’s website at www.sec.gov, including CBAK’s most recent Annual Report on Form 10-Kas well as in our other reports filed from time to time with the SEC. You should read these factors and the other cautionary statements madein this Presentation.If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statemen ts included in this Presentation are made as of the date of this Presentation and CBAK undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. ⚫ Market and Industry Data Industry and market data used in this Presentation is unaudited and have been obtained from publicly available third-party industry publica tions and sources as well as from research reports prepared for other purposes. The Company has not independently verified the data obtained from these sources and cannot assure you of the data’s accuracy or completeness. This data is subject to change and cannot always be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey of market or industry data. You are cautioned not to give undue weight to such industry and market data. ⚫ No Offer or Solicitation This Presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of CBAK in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Recipients of this Presentation who are considering acquiring securities of CBAK are referred to the entire body of publicly disclosed information regarding CBAK. The informationis subject to material updating, revision and further amendment,and is qualified entirely by reference to CBAK’s publicly disclosed information. Disclaimer Powering a Sustainable Life with Electricity ©2025 CBAK. All Rights Reserved. 2
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Milestones ©2025 CBAK. All Rights Reserved. 3 Powering a Sustainable Life with Electricity Founding of China BAK with operations in Shenzhen developing batteries used in electronic applications Became Top 3 battery maker in China and the first Chinese battery maker to get listed on NASDAQ Built China’s first-ever fully automated cylindrical battery production line to produce NCM cylindrical battery, Model 18650 Established Tianjin Branch Tianjin Branch developed the world‘s first lithium iron phosphate battery (or LFP battery), Model 26650, in collaboration with A123 Systems Tianjin Branch produced 26650 LFP batteries while Shenzhen Branch produced 18650 NCM lithium cells 2001 2006 2007 Initiated China's first research project on the application of lithium batteries in cars, positioning us as one of the pioneers to start the EV Era 2008 Tianjin Branch relocated to Dalian to produce Model 26650 LFP cells: Over 10 years operation history with a gross margin of 38.83%, a net income of RMB 141 million in 2024 and nearly no secured bank loans 2013 Strategic Partnerships with Dongfeng Motor, China FAW Group, Chery and Brilliance Auto to develop new energy vehicle 2013-2018
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Milestones ©2025 CBAK. All Rights Reserved. 4 Powering a Sustainable Life with Electricity Shift of focus on home energy storage sector and started collaboration with Viessmann Group Spin-off of Shenzhen Branch (Shenzhen BAK); Group renamed from China BAK to CBAK Energy and focused on manufacture of LFP cylindrical cells Established Nanjing Branch and launched Model 32140 LFP battery； For the first two months of 2025, Nanjing Branch posting a net income of RMB17.9 million with a gross margin of 29.24% Model 32140 cells to be supplied to portable power supply players including BlueTTI, Anker and Jackery from 2020 to 2024; Popular in two- and three-wheeler sector as well Acquisition of Hitrans, a NCM cathode material and precursor producer based in Shaoxing, on a financial investment purpose Partnered with HiNa Battery and Jackery, becoming the world’s first to mass produce large cylindrical sodium batteries in Model 32140 Established Shangqiu Branch to produce Model 26700 LFP cylindrical cells Announced collaboration with Ather Energy, Top5 two-wheeler maker in India, with Model 32140, entering Indian market Sales volume of Model 32140 cells captured 19% of global market share, Model 26650 for 6.4% of global market share 2018 2014 2020 2021 2022 2024
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⚫ Focus on producing Model 26650 & 26700 (supported by Shangqiu branch) LFP cells ⚫ In progress to mass produce the next generation, Model 40135 large cylindrical cells ⚫ Three production lines with a capacity of 1 GWh in 2024, expected to reach 3.3 GWh by 2025, mainly for Model 40135 Dalian Branch 1.0 3.3 2024 2025E CBAK Dalian Capacity Expansion (Unit: GWh) ©2025 CBAK. All Rights Reserved. 5 Overview of Production Capacity and Domestic Expansion Powering a Sustainable Life with Electricity
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©2025 CBAK. All Rights Reserved. 6 Overview of Production Capacity and Domestic Expansion Powering a Sustainable Life with Electricity 1.3 4.3 2024 2025E CBAK Nanjing Capacity Expansion (Unit: GWh) Phase 1: ⚫ Focus on manufacturing Model 32140 large cylindrical cells ⚫ Two production lines with a capacity of 1.3GWh (both lines for lithium-ion batteries), or 0.6GWh with one line for lithium- ion batteries and 0.48GWh with the other line for sodium-ion batteries ⚫ Capacity fully booked Phase 2: ⚫ Blueprint: up to a capacity of 20GWh once fully constructed ⚫ Expected launch in mid-2025, adding the first two new production lines with a capacity of 3GWh Nanjing Branch
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©2025 CBAK. All Rights Reserved. 7 Product Matrix Powering a Sustainable Life with Electricity Mostly used in Home Energy Storage Model 26650 & 26700 LFP Cylindrical Cells ⚫The most mature and stable products since 2006 ⚫Powered home energy storage units in Europe since 2018 with zero customer complaints
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©2025 CBAK. All Rights Reserved. 8 Product Matrix Powering a Sustainable Life with Electricity Large Cylindrical Cells for Light Electric Vehicles and Portable Power Supplies - Higher capacity and lower costs Model 32140 Battery ⚫Full-tab technology that has lower internal resistance and higher C-rate ⚫Powered portable power supply units from Anker, Jackery and BlueTTI ⚫Powered two- and three-wheelers in India with prestigious customers including Ather Energy
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©2025 CBAK. All Rights Reserved. 9 Product Matrix Powering a Sustainable Life with Electricity ⚫ About 5 times the capacity of Model 26650, 15% higher in energy density and 12% lower in cost ⚫ Expected to enter mass production in Q3 2025. ⚫ Model 40135 is expected to explore more opportunities in portable power supply and home energy storage sectors ⚫ Sample production is anticipated to commence in Q2 2025 ⚫ Similar to Model 46800, Model 46950 is a perfect solution to EVs Another option for Home Energy Storage and Portable Power Supply Advanced technology for EVs Model 40135 Battery (Production Lines in Construction) Model 46950 Battery (In development)
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To Deploy Production Capacity in the U.S. ⚫ We are in talk with several legit clients to explore any possibilities for a JV in the US. ⚫ Considering the complexity of running a lithium battery factory and the costs, the plan to set up a factory in the US may be long term. Short-Term(1-2 Years) Potential Tech Licensing with Asia's Top Company ⚫ We are negotiating potential technology licensing to one of the biggest companies in Asia to potentially supply cells outside China To Deploy Production Capacity in Southeast Asia ⚫ We are exploring possibility to set up a new production base in Southeast Asia. We have already secured significant orders from existing prestigious customers for our overseas capacity. Global Capacity Deployment to Avoid Geopolitical Risks ©2025 CBAK. All Rights Reserved. 10 Powering a Sustainable Life with Electricity Long-Term
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An exceptional degree of consistency in providing high quality products enables us to build a solid global client base (Displaying Clients We Publicly Disclosed Only) Solid Client Base to Support Expansion ©2025 CBAK. All Rights Reserved. 11 Home Energy StoragePortable Power SupplyLight Electric Vehicles Solid Client Base Powering a Sustainable Life with Electricity
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35 95 133 137 - 20 40 60 80 100 120 140 160 2021 2022 2023 2024 Net Revenues From Battery Business (2021 vs 2024) Million USD Net Revenues From Battery Business on Applications 2024 (USD) Proportion of Battery Business Electric Vehicles 1,681.65 1.24% Light Electric Vehicles 10,319.18 7.55% Residential Energy Supply & Uninterruptable Supplies 124,587.98 91.21% Total 136,588.80 100% ©2025 CBAK. All Rights Reserved. 12 Growth in Net Revenues Powering a Sustainable Life with Electricity 171% 40%
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Comparative Analysis of Unit Price and Gross Margin Strong Profitability Powering a Sustainable Life with Electricity The average price of our products is 5%-15% above the competitor average 16.25% 17.98% 31.50% 0% 5% 10% 15% 20% 25% 30% 35% E-- G-- CBAK Competitor Gross Margin Our Company©2025 CBAK. All Rights Reserved. 13 2.8% 7.2% 9.7% 7.3% 15.5% 31.5% 0% 5% 10% 15% 20% 25% 30% 35% 40% FY19 FY20 FY21 FY22 FY23 FY24 Gross Margin From Battery Business (%) 14 19.43 0 5 10 15 20 25 2023 2024 Million（USD) Net Income From Battery Business (2023 vs 2024) 0.44 0.33 0.31 0.42 0.00 0.10 0.20 0.30 0.40 0.50 E-- G-- J-- Z-- Pricing（Yuan/wh) Competitor Pricing
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The Comprehensive Edge of Our Battery Products Market Leadership: We are one of the pioneers to manufacture large cylindrical cells using Model 32140 and the earliest company to produce small cylindrical cells, Model 26650. We thus have a deeper understanding on the technology. We recorded no safety incidents for the past five years. As the result, we captured a significant market share (Model 32140, 19% for 2024; Model 26650/26700, 6.4% for 2024). Drivers to Strong Profitability ©2025 CBAK. All Rights Reserved. 14 Powering a Sustainable Life with Electricity Manufacturing Excellence: Manufacture of cylindrical cells is a much more complex process than other forms of batteries. We maintain an average A-grade product yield of 98.92%, much higher than our competitors, positioning us as one of the most stable and high-quality cell manufacturers. Outstanding Cell Performance: Our cells demonstrate industry-leading performance in both ambient and high-temperature cycling, with 1C/1C cycles reaching up to 1,200 rounds, outperforming our key competitors in the market.
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The Comprehensive Edge of Our Battery Products Flexible PACK Solutions: We offers versatile PACK solutions to meet diverse customer needs. Drivers to Strong Profitability ©2025 CBAK. All Rights Reserved. 15 Powering a Sustainable Life with Electricity Safety and Reliability: We focus on cylindrical cells in steel case (in comparison to aluminium case by our competitors), utilizing a nano-LFP + small-particle graphite material system, which significantly improves safety and stability. Over 1 billion units of our cells had been fully tested and validated by our customers in the market.
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Forecasted Production Capacity for Battery Segment ✓ Net Income for battery segment is projected to reach RMB 100 million in 2025. ✓ Sales forecast for battery segment in 2025 is projected to reach RMB 1.4 billion, 40.98% increase over 2024. Dalian Branch 2025 Expansion: 2.3 GWh (40135 cells) Total Capacity: 3.3 GWh Nanjing Branch 2025 Expansion: 3.0 GWh (32140 cells) Total Capacity: 4.3 GWh ©2025 CBAK. All Rights Reserved. 16 Operational Landscape in 2025 Sales Forecast for Battery Segment Projected Net Income for Battery Segment Powering a Sustainable Life with Electricity
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THANKS 025 - 5 7 8 7 8 0 8 9 w w w . c b a k . c o m . c n T / W / The information contained in this presentation is confidential and proprietary to CBAK, all rights reserved.