Advanced Battery Technologies is a leading manufacturer and distributor of rechargeable polymer lithium-ion batteries. The company is also involved in the development and manufacturing of electric bikes, scooters and sports utility vehicles. Earlier this month the company said that its Chinese subsidiary, Wuxi Zhongqiang Autocycle signed a $14.7 million deal to supply electric vehicles, including motorized bicycles and scooters, to a Chinese company. The deal calls for Advanced Battery Technologies to provide 24,000 electric vehicles to Wuxi Hao Jie Vehicle Co.
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A123 Systems is a developer and manufacturer of advanced Nanophosphate lithium ion batteries. The company recently announced that it entered into a production agreement with Smith Electric Vehicles to supply battery modules for Smith’s portfolio ofelectric vehicles. A123 says that it will begin shipping its 5-kWh automotive-class prismatic modules to Smith for integration into battery packs in the second half of 2011.