China BAK (CBAK) Gets Battery Supply Contract from Korean Electric Motor Maker
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China BAK Battery, Inc. (Nasdaq: CBAK), announced that the Company received a new contract to supply its high-power lithium-ion batteries to a major Korean electric motor manufacturer.
Under the contract, China BAK will deliver 300 high-power lithium-ion battery units to the Korean manufacturer by April 2012 to power its electric motors. The customer previously tested and provided feedback on a sample set of China BAK's lithium-ion high power batteries.
Under the contract, China BAK will deliver 300 high-power lithium-ion battery units to the Korean manufacturer by April 2012 to power its electric motors. The customer previously tested and provided feedback on a sample set of China BAK's lithium-ion high power batteries.
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