Key Developments: China Bak Battery Inc (CBAK.W)
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19 Apr 2013
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Latest Key Developments (Source: Significant Developments)
China BAK Battery Inc Announces Termination Of CFO-Form 8-K
China BAK Battery Inc reported in its Form 8-K that on April 13, 2013, China BAK Battery, Inc. (Company) terminated the employment agreement with the Company’s Chief Financial Officer (CFO), Danny Pan, effective immediately. While the Company is seeking a new Chief Financial Officer, the Board of Directors of the Company has appointed Mr. Xiangqian Li, the Company’s Chief Executive Officer (CEO), to serve as the Company's Interim Chief Financial Officer (CFO), Treasurer and Secretary. Full Article
China BAK Battery Inc Appoints Danny Pan As New Chief Financial Officer-DJ
Dow Jones reported that China BAK Battery Inc has appointed Mr. Danny Pan as the Company's new Chief Financial Officer (CFO), treasurer and secretary, effective immediately. Full Article
China BAK Battery, Inc. Announces New Contract To Supply Cylindrical Battery Cells To AC Propulsion
China BAK Battery, Inc. announced that the Company has entered into a new contract to supply 0.5 million units of cylindrical battery cells to AC Propulsion, a producer of electric vehicle technology based in Shanghai and California. As per the contract, China BAK will deliver 540,000 units of cylindrical battery cells to AC Propulsion by the end of 2012, which will be used to power 100 electric cars. Full Article
China BAK Battery, Inc. Receives New Contract to Supply High-Power Batteries to Chery Automobile
China BAK Battery, Inc. announced that on February 10, 2012, the Company's Tianjin facility received a new contract to supply high-power batteries used in electric cars, Ruilin M1, to Chery Automobile Co., Ltd. ("Chery"), one of the Company's long-term partners in China. According to the contract, China BAK will supply 100 units of lithium-ion high-power batteries, which will be used to power Chery's electric cars in the first half of 2012. Ruilin M1 is Chery's first Lithium-ion solution EV which was officially launched at the 25th World Electric Vehicle Symposium and Exposition in November 2010. China BAK will deliver these batteries to Chery by the end of June 2012. Full Article
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