U.S. Markets closed
  • S&P 500

    4,536.19
    +16.56 (+0.37%)
     
  • Dow 30

    35,609.34
    +152.03 (+0.43%)
     
  • Nasdaq

    15,121.68
    -7.41 (-0.05%)
     
  • Russell 2000

    2,289.77
    +13.85 (+0.61%)
     
  • Gold

    1,782.80
    +12.30 (+0.69%)
     
  • EUR/USD

    1.1656
    +0.0019 (+0.1632%)
     
  • 10-Yr Bond

    1.6360
    +0.0010 (+0.06%)
     
  • Vix

    15.49
    -0.21 (-1.34%)
     
  • GBP/USD

    1.3819
    +0.0026 (+0.1866%)
     
  • USD/JPY

    114.2950
    -0.0650 (-0.0568%)
     
  • BTC-USD

    65,898.76
    +2,068.48 (+3.24%)
     
  • CMC Crypto 200

    1,538.50
    +57.70 (+3.90%)
     
  • FTSE 100

    7,223.10
    +5.57 (+0.08%)
     
  • Nikkei 225

    29,255.55
    +40.03 (+0.14%)
     

Why CBAK Energy Technology's Stock Is Trading Higher Today

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

CBAK Energy Technology (NASDAQ: CBAT) shares are trading higher on Monday amid continued volatility in the lithium and EV battery space.

CBAK Energy Technology is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications.

The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell, and high-power lithium battery cell. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Israel, and Other Countries.

CBAK Energy Technology shares traded up 32.59% to $4.15 on Monday. The stock has a 52-week high of $4.20 and a 52-week low of 36 cents.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.