CBAK Energy to Report First Quarter 2023 Unaudited Financial Results on Wednesday, May 10, 2023

DALIAN,China,May 2,2023 -- CBAK Energy Technology,Inc. (NASDAQ: CBAT) ("CBAK Energy",or the "Company"),a leading lithium-ion battery manufacturer and electric energy solution provider in China,today announced that it will report its unaudited financial results for the first quarter ended March 31,2023 on Wednesday,May 10,2023,before the U.S. market opens. The earnings results will be available on the Company's Investor Relations website,and also will be filed with the Securities and Exchange Commission on a Form 8-K.

CBAK Energy's management will host an earnings conference call at 10:00 AM U.S. Eastern Time on Wednesday,2023 (10:00 PM Beijing/Hong Kong Time on May 10,2023).

For participants who wish to join our call online,please visit:https://edge.media-server.com/mmc/p/akiisaic

Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration,participants will receive the conference call access information,including dial-in numbers,a unique pin and an email with detailed instructions.

Participant Online Registration:https://register.vevent.com/register/BI682ec97e06c84fd0806340e6165b9c0b

Once completing the registration,please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website:https://edge.media-server.com/mmc/p/akiisaic

About CBAK Energy

CBAK Energy Technology,Inc. (NASDAQ: CBAT) is a leading high-tech enterprise inChinaengaged in the development,manufacturing,and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles,light electric vehicles,electric tools,energy storage,uninterruptible power supply (UPS),and other high-power applications. InJanuary 2006,CBAK Energy became the first lithium battery manufacturer inChinalisted on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries inDalian,Nanjing and Shaoxing,as well as a large-scale R&D and production base inDalian.

For more information,please visitwww.cbak.com.cn.

Safe Harbor Statement

This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release,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 of 1933,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 materially or perhaps significantly from those discussed herein,or implied by,these forward-looking statements.

Any forward-looking statements contained in this press release 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 improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release,including: significant legal and operational risks associated with having substantially all of our business operations in China,that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time,which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless,the effects of the global Covid-19 pandemic or other health epidemics,changes in domestic and foreign laws,regulations and taxes,the volatility of the securities markets; and other risks including,but not limited to,the ability of the Company to meet its contractual obligations,the uncertain markets for the Company's products and business,macroeconomic,technological,regulatory,or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov,including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. 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 statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements,other than as required by applicable law.

For investor and media inquiries,please contact:

In China:

CBAK Energy Technology,Inc.

Investor Relations Department

Mr. Thierry Jiewei Li

Phone: 86-18675423231

Email: ir@cbak.com.cn