CBAK Energy

I n v e s t o r P r e s e n t a t i o n

Disclaimer• Disclaimers and Other Important Information This presentation (the “Presentation”) about CBAK Energy Technology, Inc. (the “Company” or “CBAK”) is dated as of March 2021. It is information in a summary form and does not purport to be complete. The data contained herein is derived from internal records and publicly available sources. This Presentation is not intended to be relied upon as advice to potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its affiliates, directors, officers or employees as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. We do not undertake or agree to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent. No person has been authorized to give any information or make any representations other than those contained in this Presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The contents of this Presentation are not to be construed as legal, financial or tax advice.

• Forward Looking Statements This Presentation contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Presentation, 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, 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 Presentation 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 number of important factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements. These important factors include those that we discussed or referred to in CBAK’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 CBAK’s most recent Annual Report on Form 10-K as well as in our other reports filed from time to time with the SEC. You should read these factors and the other cautionary statements made in this Presentation. 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 Presentation are made as of the date of this Presentation and CBAK undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

• Market and Industry Data Industry and market data used in this Presentation is unaudited and have been obtained from publicly available third-party industry publications and sources as well as from research reports prepared for other purposes. The Company has not independently verified the data obtained from these sources and cannot assure you of the data’s accuracy or completeness. This data is subject to change and cannot always be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey of market or industry data. You are cautioned not to give undue weight to such industry and market data.

• No Offer or Solicitation This Presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of CBAK in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Recipients of this Presentation who are considering acquiring securities of CBAK are referred to the entire body of publicly disclosed information regarding CBAK. The information is subject to material updating, revision and further amendment, and is qualified entirely by reference to CBAK’s publicly disclosed information.

• CBAK Energy Technology, Inc. (Nasdaq: CBAT) is a leading lithium-ion battery manufacturer and electric energy solution provider

• The Company’s products and solutions cover areas including:• Electric Vehicles/Hybrid Electric Vehicles

• Light Electric Vehicles

• Energy Storage Applications

• Ultra Low Temperature Applications

• In 2006, CBAK Energy listed in NASDAQ: the first Chinese lithium-ion battery firm listed in the U.S. capital market

• Two major production bases in Dalian and Nanjing

Corporate Overview

Track Record of Past Suceess

In 2006, built the first-ever production line for cylindrical batteries in China

In 2007, Initiated the First R&D Project in China for the application of lithium-

ion powered battery system in EVs

In 2009, Supplied batteries to electric vehicles for the

G8 World Summit

In 2011, Broad cooperation with Chery, Haitec, Yutong, Brilliance Auto and

China First Automobile Works

In 2016, Strategic cooperation with Dongfeng

Motor, Dayun Motor, Brilliance Auto and Chery

In 2018, Partnership with VIESSMANN, becoming its only

supplier in China

In 2019, Strategic partnership with Schneider and Haier

to enter Energy Storage area

Competitive Advantage in Technology

• CBAK remains its focus on cylindrical cells and is unquestionably viewed as No.1 cylindrical battery manufacturer in China

• CBAK strongly believes that there is an absolute advantage of cylindrical batteries in safety comparing to prismatic cells

• International EV manufacturers prefer cylindrical cells for safety reasons

• Chinese manufacturers prefer prismatic battery for higher subsidies

• Tech developments increased energy density of cylindrical cells sharply

• Higher energy density and advantage in safety will popularize cylindrical batteries

Business Model

Net Revenues from EV/LEV, Energy Storage and Raw Materials Trading sectors

Energy Storage products is a cash producer to support development

Revenues in EV/LEV expected to grow with the unveiling of new batteries

Revenues from Raw Materials Trading signals stepping into the upper-stream of the industry

Market Opportunity - Energy Storage

Global Market Size for Li-ion Batteries used in Energy Storage for 2016-2025

Source: SPIR“

Market Opportunity - Energy Storage

Volume of Units Installed in Energy Storage Application for 2019

Source: SPIR“

Growth in Energy Storage Market

• Global market skyrockets by 5.44 times, while China market grows by 7.1 times;

• Our Type 26650 Battery is a perfect fit, and has a big client base and a great demand from global market

• Our unveiling of ultra-low-temperature 26650 battery functions normally in a range of -40~50℃• Fixing the disadvantage of Li-ion batteries in low temperature environment

• Base stations, unmanned aerial vehicles, aerospace vehicles and military uses

• Rare competition from domestic market

• Expecting a higher revenue in energy storage• Mature battery product to a fast growing market

• A special type of low-temperature product as a revenue driver

Market Opportunity - EV/LEV

Sales Volume of New Energy Vehicles in Global Market for 2016-2025

Source: SPIR“

Market Opportunity - EV/LEV

Li-ion Battery Productivity for EV/LEV market for 2016-2025

Source: SPIR“

Market Opportunity - EV/LEV

Chinese Market Size for LEV (mainly electric motocycles) for 2016-2025

Source: SPIR“

Growth in EV/LEV Market

• Sales in global EV/LEV skyrockets by 4.6 times, while that in China market grows by 3.45 times

• Our new Type 32140 Battery:

• Capacity 5 times as 26650 batteries

• 20% lower cost

• A perfect solution to the LEV market

• Our effort to develop the spotlighted Type 46800 battery:

• Viewed by Tesla as its Next Generation of Batteries (Faster Acceleration, Lower Batter Consumption and Lower Cost)

• Samples out for testing, taking a huge leap over competitors

• Led by Tesla, Type 46800 drew great attention

• A perfect solution to the EV market

Growth in EV/LEV Market

CBAK Energy is launching its Light Electric

Vehicle Plant:• Targeting at 50 million light electric vehicles market

• Investments in Tianjin is ongoing

• Type 32140 batteries will be main products used in the light

electric vehicle products

Growth Driver – Capacity Upgrades

CBAK Nanjing is monitoring the construction of its gigantic production base.

CBAK Dalian is a mature production base with a capacity of 1GWH

• The capacity will be expanded to 10GWh in 2025

• Mainly focuses on the manufacturing of 26650 batteries

• The construction comprises of two phases:

• Phase 1: 10,000 square meters; Factories with no rentals; Provide a 2GWh capacity

• Phase 2: under construction design; 73,000 square-meter; Subsidized by government; Provide a capacity of 6GWh

Solutions to Future Development

Partnership with NEMTRI to co-

develop Solid-State BatteriesPartnership with a leading

hydrogen energy group with

100 years’ history to develop

Hydrogen Fuel Cell technology

Investment Highlights

• Strong technological advantage in cylindrical batteries

• Low temperature battery technology fixes li-ion batteries' disadvantage in ultra cold environment

• Our revenues in EV/LEV sectors expected to grow sharply with right products: 32140 battery for LEVs and

46800 (under development) for EVs.

• Our launch of LEV manufacturing business targets at a huge market, expecting to be another revenue driver

• Investments in R&D of future clean technologies such as solid-state batteries and hydrogen batteries

Financial Highlights

Items Dec 31, 2019 Dec 31, 2020 Change

Net Revenues $22,194,348 $37,566,152 69.26%

Net Income (Loss) ($10,853,435) ($7,846,768) -

Cash and Cash Equivalents $1,612,957 $11,681,750 624.24%

Total Assets $95,583,557 $142,767,079 49.36%

Total Liabilities $81,925,501 $90,360,251 10.30%

Liabilities to Assets Ratio 85.71% 63.29% (26.16%)

• Net revenues increases by 69.26%: sales in LEV, energy storage and raw materials trading markets increase

• Cash and cash equivalents skyrockets by 624%• L/A ratio drops to 63.29%• With the development of new battery technologies and products, CBAK Energy is expecting to source a

much bigger increase in revenues, especially from the EV and LEV markets

* Numbers in $USD

Leadership

Xiangyu Pei, Interim Chief Financial Officer

Xiangyu Pei has served as our Interim Chief Financial Officer since August 23, 2019. Prior to that, Ms. Pei has been the secretary of the Company since 2017. She has also served as the financial controller of the Company’s subsidiary, CBAK Power since 2017. She has been responsible for the auditing, accounting, and investor relationship of CBAK Power, as well as assisting in consolidation and financial reporting of the Company. Ms. Pei received a PhD in World Economics from Jilin University in China.

Yunfei Li, Chairman, President & CEO

Yunfei Li has served the Company since 2016. He has over 20 years’ management experience in industries of real estate development, battery, and new energy. Since 2014, he has been designated as the Vice President of Dalian BAK Power, the Company’s subsidiary, in charge of manufacturing facilities construction, government relations and business development. Prior to his service to Dalian BAK Power, Ltd, Mr. Yunfei Li had been in management role for several new energy and real estate development companies. Mr. Yunfei Li holds a bachelor’s degree in Civil Engineering from Liao Yuan Vocational Technical College.

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