Advanced Battery (ABAT)’s subsidiary Wuxi ZhongQiang (Autcycle) has signed two contracts this morning totaling $3.3 million for customers in Denmark and Indonesia.   One order is for 12,000 electric bikes with a contract value of $2.3 million and the 2nd order is for 2000 electric scooters with a total value of $1.1 million.  Deliver of the order is expected within the month. 

Zhiguo Fu, CEO of ABAT, said, “We are excited to announce the electric vehicle … Read the rest