Advanced Battery Technologies pens Strategic Partnership in China
Advanced Battery Technologies, Inc. has signed a strategic partnership agreement with Jiangsu Duke New Energy Automobile Co., Ltd. to supply its fast charging lithium batteries for Jiangsu Duke's 20,000 electronic sports cars in 2015. Jiangsu Duke New Energy Automobile is a high tech company that specializes in research and development, design and manufacture of its Supercar branded electric sports cars.
Jiangsu Duke New Energy Automobile's new energy project is authorized by the China Development and Reform Commission. It expects to produce 20,000 electric sports cars in 2015 and Advanced Battery Technologies will provide the fast-charging lithium batteries for all these vehicles.
Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, commented, "We are very pleased to announce this strategic partnership with Jiangsu Duke New Energy Automobile Company. The fact that Jiangsu Duke chose Advanced Battery Technologies to become its partner and will install our fast charging lithium batteries on all their electric cars further validates our superior battery technology. Our fast charging lithium battery is well recognized by the market and customers. We will continue to focus on developing new and innovative clean energy and environmentally friendly products for the industry."
