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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- CBAK Energy Technology Inc (NASDAQ:CBAT) commenced operations at its lithium battery manufacturing plant in Nanjing in China's Jiangsu province.
- The plant is equipped with an initial annual capacity of 0.7 GWh for the company's new 32140 battery model that targets the light electric vehicle (LEV) and electric vehicle sectors.
- Additionally, CBAK Energy is on track to complete the first construction phase for its Nanjing facility by the end of 2022.
- CBAK Energy raised the planned capacity for the project's second phase to 18 GWh per year from the original 6 GWh per year to meet growing customer demands. The company plans to begin construction of the second phase by year-end.
- CBAK has also started operating a new production line at its Dalian facility to make an annual 0.4 GWh of its new 26700 battery model.
- Price Action: CBAT shares are trading higher by 3.92% at $2.12 on the last check Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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