China BAK Battery, Inc. Appoints J. Simon Xue Director
February 05, 2016 at 04:14 pm
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On February 1, 2016, the board of directors of China BAK Battery, Inc. appointed Dr. J. Simon Xue (Dr. Xue) as the company's director to fill the vacancy created by the resignation of Mr. Chunzhi Zhang on January 14, 2016. Dr. Xue was also appointed by the board to each of the Audit, Compensation and Nominating and Corporate Governance Committees and will act as the Chair of the Compensation Committee. Dr. Xue is currently the Senior Director of National Institute for Low-&-Clean Energy in China and a member of National Thousand Talent Plan and a member of Expert Committee for Chinese Industrial Association of Power Sources.
CBAK Energy Technology Inc is a China-based investment holding company. The Company primarily operates through two segments. The CBAK's segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. The Hitrans' segment mainly includes the development and manufacturing of NCM precursor and cathode materials. The Company's products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Its products are used in various applications, including electric vehicles (EV), such as electric cars, electric buses, hybrid electric cars and buses and light electric vehicles (LEV), such as electric bicycles, electric motors and sight-seeing cars, and electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications.