InvestorsHub Logo
Followers 743
Posts 61882
Boards Moderated 10
Alias Born 10/05/2009

Re: None

Thursday, 06/23/2011 10:04:58 AM

Thursday, June 23, 2011 10:04:58 AM

Post# of 301
China BAK Battery, Inc. ("China BAK" or the "Company") (NASDAQ: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that it was invited to attend the 2011 Ernst & Young Asia Cleantech Ignition Session in Beijing, on June 24, 2011, jointly hosted by the Ernst & Young Global Automotive Center, Global Power & Utilities Center and Global Cleantech Center.

The Global Automotive and Cleantech Centers co-host executive roundtables that convene key stakeholders across the electric vehicle (EV) value chain, including OEMs, suppliers, utilities and government, investors, consumer product companies and system integrators, focusing on the most important issues in the burgeoning cleantech market. For more information please visit: http://www.ey.com/Publication/vwLUAssets/roundtable_en/$FILE/Cleantech_Ignition_Session_Invitation_EN.pdf

Dr. Zhongyi Deng, China BAK's VP of Sales, will attend the session. "I look forward to sharing China BAK's EV battery supply experiences with the other attendees," commented Dr. Deng. "The Company has experienced strong interest from major vehicle manufacturers in the quality of its lithium-based batteries for electric vehicles. For example, China BAK's EV battery cells power a set of pure electric vehicles manufactured by Dongfeng-Yulon Motor Sales Co., Ltd., a joint venture between leading Taiwanese automaker Yulon Motor and Chinese automaker Dongfeng Automobile Co., Ltd. and delivered to the public transportation authority of the city of Hangzhou, China on June 17. At the same time, we think that one of the goals for the development of the EV industry is to find ways to reduce costs for all participants. I therefore look forward to discussing the Company's roadmap to attain this goal."

About China BAK Battery, Inc.

China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company 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. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet and have been recently expanded to support the production of larger batteries for various types of vehicles. For more information regarding China BAK Battery, Inc., please visit http://www.bak.com.cn.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!