CBAK Energy Technology, Inc. announced that it has reached a supply agreement with SimpliPhi Power Inc. Under the agreement, SimpliPhi undertakes to purchase from CBAK Energy for no less than 19 million units of 26650 lithium batteries in 3 years from 2019 to 2021, for use in Li-Ion based energy storage products. CBAK Energy will supply the batteries through its wholly-owned operating subsidiary, Dalian CBAK Power Battery Co. Ltd.