China BAK signs purchase contract with Sysgration

China BAK Battery, Inc., a lithium battery manufacturer and electric energy solution provider, reached a purchase contract with Sysgration (Zhenjiang) Co., Ltd., a leading manufacturer of automotive electronics products and smart home devices.

Under the contract, Sysgration undertakes to purchase from China BAK for no less than 6 million units of 26650 high power lithium batteries in calendar year 2016, for use in Sysgration’s battery packs supplied to electric vehicles manufacturers. China BAK will supply the batteries through its wholly-owned operating subsidiary, Dalian BAK Power Battery Co., Ltd., a specialized high power battery provider in Dalian.

“We are glad to enter into the large-quantity purchase contract with Sysgration, which reflects the market recognition of our high power battery products for use in electric vehicles. It encourages us to continue investment on the R&D of high power lithium batteries and expansion of high power lithium battery production lines. It is a good beginning for year 2016, and with the surging electric vehicle markets, we believe we will enter into more lithium battery agreements with customers,” commented Mr. Yunfei Li, the CEO of China BAK.