Advanced Battery (ABAT) Announces Battery Supply Contract with U Long Run Sheng
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Advanced Battery Technologies, Inc. (Nasdaq: ABAT) 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.
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