It’s being announced this morning that electric car manufacturer ZAP (OTC:ZAAP) will offer extended ranges and more vehicle power by incorporating Advanced Battery Tech’s (ABAT) large-format polymer lithium-ion battery technology. The company expects to use the technology in its popular line of Zappy3 electric scooters initially, then incorporate into other vehicles later. The battery may play an important role in ZAP’s extended range pickup, the shuttle van and the Alias roadster, offering better performance … Read the rest
Tag Archives: ABAT
China’s Explosion In Popularity Of Electric Bikes: Advanced Battery Tech (ABAT)
Pollution from automobiles is a rampant problem in developed societies around the world, and as emerging economies such as China and India become more prosperous, a larger percentage of the population is able to afford personal transportation. This might lead the environmentally conscious to worry about an immense explosion in the number of cars on the road –and indeed, the number is rising–. But unlike many western societies where the standard of personal transportation rests … Read the rest
Advanced Battery Tech (ABAT) Breaks Out With Big Volume
Yesterday, Advanced Battery Tech (ABAT) staged a firm breakout from a bullish consolidation pattern with heavy volume and appears poised for another leg higher in the coming weeks… possibly to the next level of resistance around the 6 level.
Full disclosure: I have been adding positions between 4 – 4.12 and remain long.
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Advanced Battery (ABAT) Providing Financial Guidance for Wuxi Autocycle
Advanced Battery Technologies (ABAT), which recently acquired Wuxi Autocycle to break into the electric bike biz is providing some financial guidance for Wuxi with 3 year projections. ..
Wuxi currently has 4 production lines in operation with production capability of 100 vehicles per day per line but is currently operating at lower than 20% of total capacity.
For the period of May through December of 2009, the company believes Wuxi will contribute revenue of $35.0 … Read the rest
Advanced Battery Tech (ABAT) So So Quarter
Advanced Battery Tech (ABAT) reported after the bell today results that weren’t all that impressive. I thought there might be a chance of a blowout quarter based on the fact the CEO recently purchase $1 million of ABAT shares, but that certainly wasn’t the case. The company reported an EPS of .07/share which was inline with low expectations. It’s a 13% drop from the year ago quarter. On the revenues side, the company didn’t … Read the rest
Green Stocks Insider Action: ABAT CEO Buys Million Shares, FSLR CFO Dumping
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest
Advanced Battery Tech (ABAT) Misses Estimates: "Difficult to Match 08 Growth in 09"
Advanced Battery Tech (ABAT), which manufacturers lithium ion batteries for cell phones, computers and electric cars continues to report revenue and earnings growth in a tough environment but wasn’t able to match analyst expectations last quarter. The company reported earnings of .06/share in the 4th quarter, missing estimates by .02/share on revenues of 10.7 million. Revenues increased by 42% in 2008 over 07 levels, but that growth decelerated every quarter culminating in just 4% growth … Read the rest
Hybrid-Electric Motorcycle From Advanced Battery Tech (ABAT) Debuts
Last week it was the electric bus that debuted in California and this weekend 3 hybrid-electric motorcycles developed by Advanced Battery Tech (ABAT) and Wuxi Angell Autocycle make their debut at the Dealer Expo in Indianopolis. The motorcycles are equipped with 48V lithium ion battery packs that are in use at low speeds but the bike kicks into the gasoline engine at higher speeds, recharging the battery as it does so. The companies claim a … Read the rest
Advanced Battery (ABAT) Announces Intent To Acquire EV Manufacturer Wuxi Angell
Last week, Advanced Battery Tech (ABAT) announced it has entered into a letter of intent to acquire 55% of Wuxi Angell, which it has been working closely with to develop and electric bike. ABAT will issue 2 million shares of common stock and pay out approximately 3.65 million in cash to acquire a majority portion of Wuxi Angell and the deal is expected to close in the first quarter of 2009.
Wuxi Angell makes … Read the rest
Advanced Battery Tech (ABAT) Electric Bike Passes Performance Test, Company Announces Share Repurchase Program
Advanced Battery Tech (ABAT) announced a few days ago that the deluxe model of its electric bike produced by Wuxi Angell Autocycle of China has passed performance tests conducted by the China North Vehicle Research Institute which is the most highly recognized electric vehicle testing center in China. ABAT is supplying the 48V, 15 amp lithium ion battery which improves the mileage per charge by 44% (69 km).
Mr. Zhiguo Fu, Chairman and CEO of … Read the rest