29 Aug '12, 12pm

China BAK delivering lithium-ion batteries for FAW-Volkswagen

China BAK delivering lithium-ion batteries for FAW-Volkswagen

China BAK to Supply Lithium-ion Batteries to FAW-Volkswagen Automotive Co., Ltd. SHENZHEN, China , Aug. 23, 2012 /PRNewswire-Asia/ -- China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company has received a sample order to supply its lithium-ion batteries to FAW-Volkswagen Automotive Co., Ltd. ("FAW-Volkswagen"), a major passenger sedan joint-venture of FAW Group Corporation and Volkswagen AG . China BAK plans to deliver three lithium-ion battery units to FAW-Volkswagen by the end of September 2012. FAW-Volkswagen will utilize the Company's lithium-ion battery units to power its electric cars and to test the performance and reliability of the battery units. "FAW-Volkswagen is a leading passenger car manufacturer in China and we look forward to delivering our l...

Full article: http://green.autoblog.com/2012/08/29/china-bak-delivering...

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