China Bak Battery
China BAK Battery is one of the largest manufacturers of lithium-based battery cells in the world, as measured by production output. It produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics, such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs.
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China BAK Signs Lithium Battery Supply Contract with Geoby Electric
China BAK Battery (Nasdaq: CBAK), a global manufacturer of lithium-based battery cells, said Monday that its Tianjin facility was awarded a new contract to supply lithium-ion batteries to e-bike manufacturer Geoby Electric Vehicle, in China.
Under the terms of the contract, China BAK will supply 1,000 units of lithium-ion high-power batteries, which will be used by Geoby Electric to manufacture electric bicycles.
The company expects to receive more orders from Geoby following integration and performance testing, it said.
"We are pleased to work with Geoby Electric to support their efforts in delivering world-class electric bicycles to consumers. We look forward to working with our valued customers as China's electric vehicle sector continues to evolve," said China BAK CEO Mr. Xiangqian Li.
Geoby Electric Vehicle manufactures and distributes electric bicycles, power wheelchairs and scooters to the healthcare and sporting industries in China.
China BAK Battery produces battery cells that are the main component of rechargeable batteries used in cell phones, laptops and portable electronic devices, such as digital media devices, audio players and gaming devices.
