One order is for 12,000 electric bikes with an aggregate value of $2.3 million. The second order is for 2,000 electric scooters with an aggregate value of $1.1 million. Delivery on both orders is expected to occur within one month.
Commenting on the vehicle order, Mr. Zhiguo Fu, Chairman and CEO of ABAT, stated, "We are excited to announce the electric vehicle orders as it further demonstrates the expanding international scope of our operations. Equally satisfying is that these orders follow smaller orders from the customers who were satisfied with the quality, price and customer service of Wuxi ZQ. We continue to believe that ABAT and Wuxi ZQ are poised to benefit from the growing trend of consumers seeking electric and hybrid electric vehicles for their transportation needs."
ABAT will put large capacity and the high power discharging battery as its leading products to meet the high demands of the society today and future.
ABAT will continue to focus on development for a wide application of its batteries to meet the customers’ needs and ensure a wider range of voltage platform and application and higher energy density.
ABAT has grasped the good opportunity for nanometer material development for there’s a promising future ahead, and it takes initiative actions to R&D, manufacture this kind of nanometer material batteries which features by fast recharging time (6mins) and long life cycle that can reach as long as 4000 times.
By the help of the development of anode material, our company will put considerable energies into new products development for higher voltage platform and energy density.
About Advanced Battery Technologies, Inc
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company’s products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT’s batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. Wuxi ZhongQiang Autocycle Co., Ltd, founded in 2002, develops and manufactures various types of electric vehicles.
Wuxi ZhongQiang owns three types of products listed in the E-Bike directory, with more than 20 varieties: electric bikes; agricultural transport vehicles for practical transportation; sport utility e-vehicles such as scooters, off-road vehicles, go-karts, snow scooters, sea scooters, as well as underwater propeller vehicles. Wuxi ZhongQiang products are exported to countries and regions in Europe, the United States and Asia. The Company has a New York office, with its executive offices and manufacturing facilities in China. For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: