Advanced Battery Technologies has released guidance for 2010.  The company expects revenue of $100 to $110 million and net income of $32 to $36 million this year, excluding any unforeseen impact from future acquisitions or fair value change of outstanding warrants.

In a press release, Mr. Zhiguo Fu, CEO of ABAT, commented on the news:

“Advanced Battery is acutely aware of the current global economic conditions and we have cautiously moved forward with our business … Read the rest