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CANADA ADDS 90,400 JOBS IN APRIL, EXCEEDING EXPECTATIONS

Unemployment rate remains steady at 6.1%, says StatCan

Why CBAK Energy Stock Just Jumped 12%

Rich Smith, The Motley Fool
·2 min read
Why CBAK Energy Stock Just Jumped 12%

Shares of CBAK Energy Technology (NASDAQ: CBAT) stock jumped 12.3% as of 10 a.m. EDT Monday, after the Chinese maker of rechargeable batteries maker expressed an interest in trying its hand at fuel cells, too. This morning, CBAK announced it has signed a memorandum of cooperation with a "leading European hydrogen energy group with 100 years of operation history." The purpose of the cooperation, says CBAK, will be "to promote the development of hydrogen fuel cells ... including but not limited to such areas as hydrogen fuel cell production, hydrogen fuel cell stack, hydrogen transportation, hydrogen storage, hydrogen refueling stations, and more."

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