Advanced Battery Gets New Order From Wuxi ZhongQiang
September 24, 2009 (FinancialWire) — Advanced Battery Technologies, Inc. (NASDAQ: ABAT), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion batteries, announced its wholly-owned subsidiary, Wuxi ZhongQiang (Wuxi ZQ) has signed two contracts to provide electric vehicles to international customers in Indonesia and Denmark.
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.
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion batteries.
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