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Why CBAK Energy Technology Stock Fell 19.6% in February

·2 min read
Why CBAK Energy Technology Stock Fell 19.6% in February
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The battery technology specialist's stock saw steep declines at the end of the month as investor confidence in growth-dependent tech stocks wavered. The Chinese battery technology company's stock has surged over the past year amid signs that it might have big growth opportunities in the electric vehicle (EV) market, but it remains vulnerable to volatility. CBAK unveiled new battery technology on Feb. 19.