CBAK Energy Technology, Inc. announced that its subsidiary, Nanjing CBAK New Energy Technology Co. Ltd. has entered into a strategic agreement with Guangzhou Echom Science & Technology Co. Ltd. According to the terms of the collaboration, Echom will purchase approximately RMB 180 million worth of CBAK Energy's cylindrical lithium-ion batteries over the next three years, primarily the 32140 and 26700 series.

As part of the arrangement, Echom is obligated to prioritize CBAK Energy's batteries in its self-developed new energy storage products and ensure that over 50% of its relevant products utilize CBAK Energy's batteries. In exchange, Nanjing CBAK will guarantee a consistent and uninterrupted supply of the specified battery products for the duration of the agreement. Echom, a well-known industrial design group listed on the Shenzhen Stock Exchange, boasts five major R&D and manufacturing centers located across China.

In 2020, Echom expanded its operations into the new energy industry, and it is currently in the process of gradually completing significant manufacturing centers for new energy products by 2023. Among its diverse range of offerings, Echom produces a variety of products, including portable power supply units.