China BAK Battery, Inc. announced that it has received approval to list its common stock on the Nasdaq National Market, and effective May 31, 2006, the company's common stock began trading on the Nasdaq National Market under the ticker symbol "CBAK" (this reflects a change from the previous trading symbol of "CBBT.")
China BAK is a commercial manufacturer of standard and customized Lithium Ion (Li-ion) rechargeable battery cells for use in various portable electronic applications, including cellular phones, MP3 players, laptop computers, bluetooth headsets, power tools, and other general industrial applications. BAK utilizes its 1.9 million square foot manufacturing operation in Shenzhen, PRC, which was recently expanded to produce new proprietary products. BAK is one of the largest Li-ion battery cell manufacturers in the world.
