Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emission heavy-duty electric vehicles, lithium battery energy storage products and drive systems, similar to companies A123 Systems, Inc. (Nasdaq: AONE) and Tesla Motors, Inc. (Nasdaq: TSLA), cracked open the Chinese market with its recent agreement with Winston Global Energy to export 300 electric drive systems.
Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emission heavy-duty electric vehicles, lithium battery energy storage products and drive systems, recently announced a deal to export 300 electric drive systems to China’s Winston Global Energy to power inner city buses. The move comes after demonstrating its drive and battery management system technologies in China during 2010, which the company sees as a jumping point into additional worldwide markets for inner city buses.
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About Balqon Corporation
Headquartered in Harbor City, California, Balqon Corporation (OTCBB: BLQN) a developer and manufacturer of lithium battery powered electric trucks, battery powered energy storage solutions and drive systems for 10 to 50 ton capacity vehicles and material handling equipment. Balqon product line includes 30 ton capacity yard tractors designed to transport containers at ports, warehouses, distribution centers and military facilities. The Company also manufactures complete electric drive systems for electric buses, medium duty trucks and tractors. For more information about Balqon Corporation, visit www.balqon.com.