BAK Battery became the sole supplier of Chery Automobile lithium batteries

Posted by admin on November 19, 2010
Netbook

China BAK Battery (CBAK, 2.08, +1.46%) today announced that China BAK as Chery Automobile Co., Ltd. (“Chery”) at the 25th World Conference and Exhibition on Electric Vehicle’s Chery’s first electric car lithium Car seolin M1 high-power lithium batteries provide.

In addition to the new car market seolin M1 release, the Chery will also display the other four newly developed electric car models, including seolin X1, Chery A5, M1 seolin seolin G5 and extended range electric vehicle, the four new models all used the program for China BAK Battery Li-ion battery program. Car conference, will also have the opportunity to test drive electric vehicles seolin M1.

“We believe that the success of which Chery electric car lithium iron phosphate release is the electric vehicle industry in an important milestone in commercial applications,” China BAK Battery, CEO Mr. Li Xiangqian, “said the company has the international standard R & D capabilities to ensure high quality of our products, further expanding the company’s market share in electric vehicles. At present, we are electric cars with lithium batteries Chery sole supplier, we will further deepen the cooperation with Chery. In the future, the market demand continues to expand gradually increase battery production company, the company expects to obtain from the battery business, revenue and market share will be increased. “