China BAK Battery (CBAK) posted disappointing results this morning, posting another quarterly loss. Analysts had expected the company to get back in the black, but instead they posted an .08/share loss. Net revenues were shy of the analyst estimate as well at $55.6 million (analysts expected $60 million).
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Most of their business comes from battery packs for mobile phones and other personal electronic devices … Read the rest
China BAK Battery (CBAK) is announcing this morning that it has won a new lithium battery contract with China’s leading e—bike manufacturer Geoby Electric and expects to win another supply deal should initial testing be successful. They will initially supply 1000 batteries. No word on the total value of the deal.
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"As the electric vehicles industry continues to experience significant growth, there is … Read the rest
By Sam Hopkins of GreenChipStocks.com
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With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest