BAK New Power utilizes advanced lithium battery technologies including a welding-free process for battery pack assembly that enhances production efficiency and scalability. Their proprietary intelligent Battery Management System (BMS) includes safety features such as lightning protection and automotive-grade oxygen isolation to prevent thermal runaway. Their batteries meet IP68 dustproof and waterproof standards and feature an intelligent heating system for optimal cold weather performance. They also use a blockchain-based platform for real-time battery health monitoring and operate a closed-loop recycling program for sustainability.
The product portfolio includes mobile energy storage systems, home energy storage solutions, and batteries designed for electric motorcycles, tricycles, and ride-sharing vehicles. They also offer modular energy storage systems for residential, commercial, and industrial use, which are reliable, scalable, and suitable for diverse environments.
BAK New Power is notable for its automated high power lithium battery project recognized as a key project under China’s National High Technology Research and Development Program (863 Program). The company’s subsidiary BAK International (Tianjin) Ltd. received a $7.5 million subsidy from Chinese government agencies to develop high-power lithium battery cells for light electric and hybrid vehicles. In 2023, it established Guangdong BAK Benhoo Technology Co., Ltd. to advance lithium battery research and production, and launched modular energy storage solutions for multiple sectors. They also run an Exchange of Old for New Plan promoting battery recycling and sustainability.
Notable investments include a 2023 strategic acquisition by Nanjing CBAK New Energy Technology Co., Ltd. of a 5.0% equity stake in Shenzhen BAK Power Battery Co., Ltd. for approximately $35.6M. The company and its subsidiaries also received at least $7.5M in subsidies from Chinese government bodies such as the National Development and Reform Commission and the Ministry of Industry and Information Technology, supporting high-power lithium battery projects.
