China BAK to Supply Li-ion Batteries for Electric Bus Project in China

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one of the largest lithium-ion battery cell manufacturers as measured by production output, has begun to execute a contract with Jilin Hi-tech Electric Vehicle Co., Ltd, an affiliated company of First Automobile Group Co., Ltd, one of the largest automobile manufacturers in China, to provide high-power lithium-phosphate batteries for use in its Electric Bus Project. In February 2006, China BAK Battery formed a contract manufacturing partnership with A123Systems.