Advanced Battery Technologies (ABAT) Announces New Order Contracts for Wuxi ZhongQiang Worth $3.4M
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Advanced Battery Technologies, Inc. (Nasdaq: ABAT) announced its wholly-owned subsidiary, Wuxi ZhongQianghas signed two contracts to provide electric vehicles to international customers in Indonesia and Denmark. One order is for 12,000 electric bikes with an aggregate value of $2.3 million. The second order is for 2,000 electric scooters with an aggregate value of $1.1 million. Delivery on both orders is expected to occur within one month.
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