Advanced Battery Technologies, Inc. Opens New Factory in China
Chinese Pioneer in Electric Vehicle Industry to resume production in its newly built factory with two new production lines
NEW YORK, April 12 -- Advanced Battery Technologies, Inc. (BULLETIN BOARD: ABAT) , a Chinese developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries, announced today that its subsidiary, Zhongqiang Power Tech (ZQPT), is resuming production in its newly built factory in Heilongjiang, China with three production lines, two of which are newly built.
The new factory has a daily PLI battery production capacity of 50,000 AH per 8-hour shift, ten times the capacity of the pre-existing plant. The old facility is being converted into an R&D laboratory. "We're pleased to see these production lines come online in time to meet an increasing demand for our products from both China and abroad," commented Mr. Zhiguo Fu, Chairman of ABAT.
About Advanced Battery Technologies, Inc.
ABAT 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 personal electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology, and overcome many of the shortcomings associated with other types of rechargeable batteries.
ABAT has accumulated a roster of pending patents for its battery technology and is developing unique energy related products. The Company operates in the highest growth sector of the battery industry, with PLI batteries projected to account for one fourth of the market for IT and communications devices by 2005.
For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: http://www.zqpt.com/zqenglish/index.htm