NEW YORK, USA: Advanced Battery Technologies Inc., a leading developer, manufacturer and distributor of rechargeable polymer Li-ion (PLI) batteries, has signed a polymer lithium-ion phosphate battery supply contract with Beijing-based U Long Run Sheng Technology Development Co. Ltd.
The contract amount is RMB60 million (approximately $8.7 million) and is deliverable over the next 12 months. ABAT will supply two kinds of polymer lithium-ion phosphate battery pack: 48V15Ah battery applied to electric motorcycles and 72V50Ah battery applied to other electric vehicles.
U Long Run Sheng is primarily engaged in lithium-battery pack assembly and power management system production and sales. Its products require the safety performance, superior discharge rate and longer cycle life (over 2,000 cycles) of ABAT's lithium-ion phosphate batteries.
Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, stated: "We are very excited about the new battery order. We believe that it speaks to the quality of our products and services. The management team at U Long Run Sheng compared similar products available in the market and determined that ABAT's polymer lithium-ion batteries provided the best performance and value. We view this as validation of our commitment to research and development, and will strive to create even better battery products and solutions."
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