Tag Archives: advanced battery tech

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) 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

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 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