News and Research on Advanced Battery Technologies Inc. (GBT)
Business Description
Advanced Battery Technologies, Inc., through its subsidiaries, Heilongjiang ZhongQiang Power-Tech Co., Ltd., engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries in the People’s Republic of China.
ZQ Power-Tech
ZQ Power-Tech’s offices and manufacturing facility are located in northern China, in the Province of Heilongjiang, in the Economy & High-Tech Development Zone of Shuangcheng, which is a suburb of Harbin. The location is approximately 1,000 km northeast of Beijing.
ZQ Power-Tech designs, manufactures and markets rechargeable polymer lithium-ion (PLI) batteries. PLI batteries produce an average of 3.8 volts per cell, which makes them attractive in terms of both weight and volume. ZQ Power-Tech’s batteries combine chemistry with polymer technology.
Vehicle Batteries
ZQ Power-Tech produced an automobile battery under a contract from the government of Harbin. This rechargeable PLI battery weighs approximately 500 pounds, and is designed for commuter vehicles. It permits a top speed of 120 mph, and a traveling distance of 240 miles per charge.
In July 2006 ZQ Power-Tech received its first commercial order for bus batteries, as a Chinese bus manufacturer ordered five PLI battery packages.
In October 2006 ZQ Power-Tech entered into a memorandum of understanding with Left Coast Conversions, which would use its PLI batteries in its gas-to-electric car conversions.
In March 2007 ZQ Power-Tech signed a sales contract with Beijing Guoqiang Global Technology Development Co. Ltd. to supply a total of 3,000 PLI battery sets for use in electric garbage trucks being designed for the 2008 Olympics.
Marketing
ZQ Power-Tech focused its initial marketing activities in Southeast Asia, primarily China, Taiwan and Japan.
History
Advanced Battery Technologies, Inc. was incorporated in 1984.
