Exhibit 21.1
LIST OF SUBSIDIARIES
| Jurisdiction of | ||||||
| Incorporation | ||||||
| or | Percentage of | |||||
| Name of Subsidiary | Organization | Ownership | ||||
| CBAK Energy Investments Holdings | Cayman Islands | 100 | % | |||
| CBAK Energy Lithium Battery Holdings Co., Ltd. | Cayman Islands | 100 | % | |||
| Hitrans Holdings Co., Ltd. | Cayman Islands | 100 | % | |||
| Hong Kong Nacell Holdings Company Limited | Hong Kong | 100 | % | |||
| China BAK Asia Holdings Limited | Hong Kong | 100 | % | |||
| Dalian CBAK New Energy Co., Ltd. | PRC | 100 | % | |||
| Dalian CBAK Power Battery Co., Ltd. | PRC | 100 | % | |||
| Dalian CBAK Energy Technology Co., Ltd. | PRC | 100 | % | |||
| CBAK New Energy (Suzhou) Co., Ltd. | PRC | 90 | % | |||
| BAK Asia Investments Limited | Hong Kong | 100 | % | |||
| CBAK New Energy (Nanjing) Co., Ltd | PRC | 100 | % | |||
| Nanjing BFD New Energy Technology Co., Ltd. | PRC | 100 | % | |||
| Nanjing CBAK New Energy Technology Co., Ltd | PRC | 100 | % | |||
| CBAK New Energy (Shangqiu) Co., Ltd. | PRC | 100 | % | |||
| Zhejiang Hitrans Lithium Battery Technology Co., Ltd (“Hitrans”) | PRC | 67.33 | % | |||
| Shaoxing Haisheng International Trading Co., Ltd. | PRC | 100% owned by Hitrans | ||||