Advanced Battery Technologies Announces $23.4 Million Contract With Wuxi Angell Autocycle
New York, NY & Harbin, China, Jan 07, 2008
Source: FoxBusiness.com
http://www.foxbusiness.com/markets/industries/industrials/article/
Advanced Battery Technologies, Inc. today announced the signing of a contract with Wuxi Angell Autocycle Co., Ltd. to produce battery cells for 150,000 electric bicycles and motorcycles by the end of 2008. Wuxi Angell Autocycle Co., Ltd. is a leading manufacturer of electric vehicles. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI: 1.74, -0.11, -5.94%) battery cells for use in electric vehicles, mining equipment, and a variety of consumer electronics.
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