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China BAK Battery awarded contract to supply high-power lithium-ion batteries

China BAK Battery announced that the company received a new contract to supply its high-power lithium-ion batteries to a major Korean electric motor manufacturer. Under the contract, China BAK will deliver 300 high-power lithium-ion battery units to the Korean manufacturer by April 2012 to power its electric motors. The customer previously tested and provided feedback on a sample set of China BAK's lithium-ion high power batteries.