Advanced Battery Technologies, Inc. (ABAT) announced that it has completed the transfer of assets relating to the purchased land and plant in Dongguan City, Guangdong Province and has now entered a phase of construction according to the company’s overall strategic business development plan.
The total project investment is approximately $83 million. The project investment has been approved by the Foreign Trade and Economic Council of Dongguan City, which was (2011) No.6 documents.