China BAK Battery, Inc. (CBAK) Experiences Surge in Demand for Li-ion Battery Cells, Driven by Popularity of Electric Bike’s and Governmental Crack Down on Pollutive Lead-Acid Battery Manufacturing
China BAK Battery, one of the top global manufacturers of lithium-based battery cells, the primary component in the Li-ion (lithium-ion) batteries which power the vast majority of today’s portable electronic devices, reported a surge in demand for the Company’s e-bike battery business at its facility in Tianjin, attributing the surge to the recent suspension of lead-acid battery manufacturing by the Chinese government. CEO of CBAK, Ke Marcus Cui, called the combination of the Company’s reputation for high-quality Li-ion battery cells and the government’s support of the Li-ion industry in general a huge boon for CBAK, projecting that e-bike battery sales…