Last $0.38 USD
Change Today -0.02 / -5.00%
Volume 43.2K
ABAT On Other Exchanges
As of 5:20 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

advanced battery technologie (ABAT) Snapshot

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52 Week High
03/6/14 - $1.10
52 Week Low
05/8/14 - $0.17
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advanced battery technologie (ABAT) Details

Advanced Battery Technologies, Inc., through its subsidiaries, designs, manufactures, markets, and distributes rechargeable polymer lithium-ion (PLI) batteries. The company provides commercial e-vehicle batteries, industrial batteries, storage batteries, and transportation batteries, as well as batteries for medical equipment and smart phones, notebook computers, tablets, solar lamps, and other personal electronic products. It also offers light electric vehicles comprising electric scooters and bikes; and electric motors and controller plastic parts. The company was founded in 1984 and is headquartered in New York, New York.

1,176 Employees
Last Reported Date: 03/16/11
Founded in 1984

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advanced battery technologie (ABAT) Key Developments

Advanced Battery Technologies Signs Strategic Agreement with Chengdu Xundi Electric Vehicle Manufacturing Co., Limited

Advanced Battery Technologies, Inc. announced that the company has signed a strategic agreement with Chengdu Xundi Electric Vehicle Manufacturing Co. Ltd. (Chengdu Xundi). ABAT and Chengdu Xundi signed a strategic agreement to jointly develop a fast charging battery, which enables a one-time charge to supply a driving range above 400 kilometers (equivalent to 248.5 miles) for electric cars. The three-year agreement signed on December 5, 2014, strategically positions ABAT to develop and supply the fast charging batteries to Chengdu Xundi. Chengdu Xundi will use ABAT's batteries and leverage its advanced vehicle technology to produce electric vehicles to meet the new energy automotive sector standards.

Advanced Battery Technologies, Inc. Announce Multi-Year Distribution Contracts from New Product Launch

Advanced Battery Technologies, Inc. announced that Wuxi Angel Automatic Vehicle Company, its wholly owned subsidiary, has signed two new multi-year distribution contracts to market and sell its newly launched pure lithium battery powered electrical vehicles. Wuxi Angel designed and developed three series of new products: eco-friendly cleaning vehicles, senior scooters and leisure vehicles. These vehicles, all powered by the Company's new fast charging pure lithium batteries, have zero emission to the environment. Based on the market changes and product demand, Wuxi Angel has developed a new series of innovative eco-friendly vehicles. These new electric vehicles fall into three categories. Eco-friendly Cleaning Vehicles; Street Sweepers - this series of electrical powered light vehicles are mainly used in cleaning roads and sweeping courtyards; Floor Washers - this series is mainly used for indoor floor washing and cleaning; Refuse Vehicles - this series of eco-friendly light refuse vehicles are used for the transportation of waste collection; Senior Scooters - this series of senior scooters are used for leisure travel of senior and elderly citizens; and Leisure Vehicles - this series of leisure vehicles include two-wheel electric scooter for leisure and fitness.

Advanced Battery Technologies, Inc. Appoints Paritz & Company, P. A. by Replacing EFP Rotenberg, LLP as Independent Registered Public Accounting Firm

On October 20, 2014 Advanced Battery Technologies, Inc. dismissed EFP Rotenberg LLP from its position as the company’s independent registered public accounting firm. The Audit Committee of the company’s Board of Directors approved the dismissal. On October 20, 2014 the company retained the firm of Paritz & Company, P.A. to audit the company’s financial statements for the years ended December 31, 2011, 2012, 2013 and 2014.


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Price/Cash Flow 0.7x
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