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Advanced Battery Tech Receives First Commercial Order of PLI Battery From Bus Manufacturer

July 17, 2006 by Jeff Shepard

Advanced Battery Technologies, Inc. announced that it has received its first commercial order of five PLI battery packages for use in five electric buses from a bus manufacturer in China.

"This order is the hallmark that our large capacity PLI battery technology has started commercialization. To our knowledge, we are the only supplier of large capacity PLI batteries to power buses in the world so far. We not only focus on the R&D and manufacture of PLI batteries of a wide range of capacities, but also the development of a power management system for electric vehicles. This system is a joint venture project by the company and Beijing Institute of Technology. We expect it completed within the foreseeable future," said Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, Inc.