Published:
Advanced Battery Technologies Announces Letter of Intent With Chinese Electric Vehicle Manufacturer
Wuxi Anjiu's Products Available in 48 Countries Worldwide
Advanced Battery
Technologies, Inc. (OTCBB: ABAT) today announced that it has entered into a
cooperation agreement with Wuxi Anjiu Bicycle Co., Ltd. of China. Advanced
Battery Technologies, Inc. develops, manufactures, and distributes
rechargeable polymer lithium-ion (PLI) batteries.
The agreement is for ABAT to work with Wuxi to help it transition its
electric vehicle products from lead acid batteries to ABAT's advanced
rechargeable PLI batteries. Wuxi Anjiu produces 600,000 bicycles and
motorcycles annually for sale in 48 countries worldwide.
"We are extremely pleased to be working with Wuxi Anjiu," stated Mr. Zhiguo
Fu, C.E.O. of Advanced Battery Technologies. "As our PLI batteries are
gradually incorporated into Wuxi's bicycles and motorcycles, Wuxi's
substantial market reach assures broad recognition for our PLI batteries
and their superiority over existing types of batteries. This will be
extremely beneficial to ABAT as we advance our marketing efforts into new
countries," Mr. Fu concluded.
About Advanced Battery Technologies, Inc.
Founded in September 2002, Advanced Battery Technologies develops,
manufactures, and distributes PLI batteries using lithium cobalt oxide
anodes to overcome many of the shortcomings associated with other types of
rechargeable batteries. ABAT develops PLI batteries for use in electric
vehicles, mine lamps, and consumer electronics, including cellular
telephones, laptop computers, and digital cameras. ABAT maintains research
and development, and manufacturing facilities in Harbin, China, and
administrative offices in New York, New York. Additional information about
Advanced Battery Technologies is available at www.abat.com.cn.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,Automotive:Motorcycles, Energy and Utilities:AlternativeEnergy, EnergyandUtilities:Equipment, Retail:ConsumerElectronics, ,OTCBULLB,OTCBULLB,GA,HARBIN, CHINA and NEW YORK, NY
Search News
Daily News
