Advanced Battery Technologies, Inc. has signed a contract with Wuxi Angell Autocycle Co., Ltd. to produce lithium-ion battery cells for 150,000 electric bicycles and motorcycles by the end of 2008.
Wuxi Angell Autocycle Co., Ltd. is a manufacturer of electric vehicles. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, mining equipment, and a variety of consumer electronics.
The battery cells will be used in electric bicycles and motorcycles produced by Wuxi for export to the A.T.U. Corporation of Germany. A.T.U. has a number of subsidiaries worldwide and 49 overseas sales distributors.
Advanced Battery Technologies develops, manufactures, and distributes PLI batteries using lithium cobalt oxide anodes.