April 11, 2012
China BAK Battery, a manufacturer of lithium-based battery cells, has announced that the company has received a US$1.9 million subsidy for its battery module project from the National Development and Reform Commission (NDRC) and Ministry of Industry and Information Technology (MIIT). Comprised of cylindrical cells that can be used in electric vehicles (EVs), electric motors, electric bicycles (e-bikes) and power storage, the government funds will be used to further develop the battery module's efficiency an
