May 10, 2010 (FinancialWire) — Advanced Battery Technologies, Inc. (NASDAQ: ABAT), a maker of batteries and electric vehicles, said it has obtained around $1.7 million in new orders for electric vehicles during the International Bicycle Expo held in Shanghai from April 27 to 30, 2010.

The company said it signed sales contracts during the expo totaling around $1.7 million (or 2,500 electric scooters) with five customers from Europe, including Germany, Denmark, and Netherlands.

Advanced Battery said it will deliver lithium ion LiFePO4 battery-powered scooters to these European customers within the next twelve months. Company management said it expects to receive additional orders from these new customers after they become more familiar with the quality of our products.

China-based Advanced Battery Technologies was founded in September 2002. The firm develops, manufactures and distributes rechargeable polymer lithium-ion batteries. The company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices.

Early in 2009, the company acquired Wuxi Angell Autocycle Co. Ltd., an electric vehicle business, and renamed it Wuxi Zhongqiang Autocycle Co., Ltd.

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