China BAK Battery to produce advanced lithium-ion batteries
China BAK Battery, Inc. (BAK) has announced plans to develop and manufacture lithium-ion batteries, commonly used in laptops and cell phones, but increasingly being sought after for hybrid and plug-in electric vehicles. BAK will build a new facility in which to undertake the research and is planning to produce advanced li-ion batteries with higher energy density and power, longer life cycle and shorter charge times as compared to other types of lithium-based batteries.
BAK expects that their first customers will be companies looking to utilise such li-ion batteries for use in Light Electric Vehicles (LEV) such as electric bikes. Large battery products, appropriate for hybrid electric vehicles are also planned. BAK's corporate profile reports that li-ion battery unit production increased by 30 times over the period 1994-2004.
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[Source: Green Car Congress]
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