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Zongshen Power and Boston-Power Signed Memorandum for Cooperation

21st May, 2010

Zongshen Power and USA Boston-Power Inc. signed the Memorandum for Cooperation on 8th May, 2010. The two parties agreed to cooperate in the field of power battery cells and power system integration.
According to the Memorandum, the two parties agreed to establish a joint venture in Chongqing to produce power battery cells for vehicles, which are to be supplied to the markets of electric two-wheel, three-wheel, and four-wheel motorcycles. At present, the Company is testing samples supplied by USA Boston-Power.

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