CBAK Energy Technology, Inc. (NASDAQ:CBAT) Q4 2023 Earnings Call Transcript

Brian Lantier: Great. I appreciate that. The last question I have is, I guess on outside investment. If you could give us some sort of idea as to how advanced these negotiations are? Do you think this is a — we could hear something in the first-half of 2024 or the back half of 2024, either regarding high trends or a sodium investment?

Unidentified Company Representative: [Foreign Language]

Thierry Li: Well, let me respond to this question. We hope that we can announce something really positive in the first-half of 2024, but it’s really depending on the private equity investors. I can — the information I can share is that a lot of the investors from China are very interested in our sodium ion batteries, because we are almost the only one that can mass produce the largest synergical sodium ion batteries. But we’re also doing a lot of the math with them right now, because investing in a new battery plant is very expensive and we need to discuss with them about how much financing we need from them and what structure, which should the best need from ours and also doable for them. [Technical Difficulty] negotiation, but everyone is very interested.

Brian Lantier: Great, thank you.

Operator: Thank you for the questions. [Operator Instructions] Seeing no more questions in the queue. Let me turn the call back to Mr. Yunfei Li for closing remarks.

Yunfei Li: [Foreign Language] [Interpreted] Thank you. Thank you, operator, and thank you all for participating in today’s call and for your support. We appreciate your interest and look forward to reporting to you again next quarter on our progress.

Operator: Thank you all again. This concludes the call. You may now disconnect your lines.