Zongshen power join hands with Boston to build company into car batteries

Zongshen Power today announced the signing of the memorandum of cooperation with the United States Boston Battery Company, the two sides agreed to be in the field of power battery pack and power system integration cooperation. According to the bulletin, the U.S. Boston Battery Company was founded in 2005, in Massachusetts, the company's high-energy lithium-ion batteries long-lasting, flexible, safe and environmentally friendly, currently listed products are mainly two: Sonata (for laptops and portable electronic equipment design); Swing (for electric cars,　　Industrial and government demand design). According to the memo, the two sides agreed to form a joint venture in Chongqing to produce automotive powered battery pack products, supply electric two-wheeled vehicles, tricycles and four-wheeler market. According to the two parties ' preliminary work plan, after signing the memorandum of cooperation between the two parties, from April 2010 to May, the company provided samples to the Boston Battery Company in accordance with the "Development sample purchase Agreement". By the end of October 2010, the two sides signed the formal joint venture agreement And will join the global electric car Fair in Shenzhen in November 2010.　　Currently, the company is testing the samples provided by the US Boston Battery Company.　　The company said that the cooperation with the United States Boston Battery Company is still in the planning stage, there is great uncertainty. Last November 28, Zongshen Power Chairman Zaozongshen in the first dynamic forum announced High-profile, the company will be fully involved in electric power, lithium batteries, vanadium batteries, titanium batteries and Super capacitor new technology, full access to new power and new energy. Soon, the market will spread the news of Buffett bullish on the new energy motorcycle, the company's shares rose to 22.11 yuan per share of the high. Since then, the company and the United States Burritos Motors signed a memorandum of cooperation, the two sides will be in the promotion of electric power systems and other fields to establish deep relations of cooperation, and ready to plan by the Zongshen Power holding the company, such as a series of follow-up cooperation matters.