China Sun Group Hi-Tech Co. (CSGH)

[Ecomike]

Two of CSGH's customers, ABAT and CBAK are reporting huge growth in the lithium iron phosphate battery sector of their business and building huge new plants right now to expand their lithium iron phosphate battery manufacturing capacity, That confirms the CSGH news, in part it seems because is it is inherently better than cobaltic oxide, as far as rapid charge discharge rates "C" rates go, and as far as fire/explosion safety are concerned if the battery is impacted, like in a vehicle accident. And one of the major applications for the lithium iron phosphate batteries is vehicles, from scooter-bikes to buses and trains. One of the reasons I invested in these three companies (recently at the rock bottom lows) was I could see the benefits of the new lithium iron phosphate designs 3 years ago when they were first being introduced, and rapidly growing sales in that sector are now confirming my earlier conclusions. Also cobalt is more expensive than iron!