China BAK Battery, Inc.
(BAK) has announced plans to develop and manufacture
lithium-ion batteries, commonly used in laptops and cell phones, but increasingly being sought after for hybrid
and plug-in electric vehicles
. BAK will build a new facility in which to undertake the research and is planning to produce advanced li-ion batteries with higher energy density and power, longer life cycle and shorter charge times as compared to other types of lithium-based batteries.
BAK expects that their first customers will be companies looking to utilise such li-ion batteries for use in Light Electric Vehicles (LEV) such as electric bikes. Large battery products, appropriate for hybrid electric vehicles are also planned. BAK's corporate profile reports that li-ion battery unit production increased by 30 times over the period 1994-2004.
[Source: Green Car Congress]