China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company has agreed to supply high-power batteries to Brilliance Auto Group, one of the largest state-owned automobile manufacturers in China. For more information regarding Brilliance Auto, please visit //en.brilliance-auto.com.
Under this arrangement, China BAK will deliver a sample order of five lithium-ion high-power battery units to Brilliance Auto by July 2012. Brilliance Auto will utilize the high-power battery units to power its electric cars to test the performance and reliability of the battery cells.
"Brilliance Auto is one of the distinguished automobile manufacturers in China and we are excited to deliver our sample battery units to power their electric cars. Our cooperation with Brilliance Auto demonstrates our market recognition and the strong commitment of our team to expand our customer base. Upon successful testing, we expect to receive additional orders and expand the scope of our cooperation," commented Mr. Xiangqian Li, CEO of China BAK.