Highpower Delivers Electric Vehicle (EV) Battery System

Highpower, a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that the Company has successfully delivered an advanced electric vehicle ("EV") battery system to the Harbin Institute of Technology ("HIT"). The EV battery system was installed on an electric race car designed by HIT for Formula SAE China that was held in Xiangyang, Hubei Province from October 15th to October 18th, 2014.

Mr. George Pan, CEO of Highpower International, stated, "This is the second time we delivered complex EV battery systems to Harbin Institute of Technology for their electric race cars for the Annual Formula SAE competition. The Formula SAE China is a great forum to allow Highpower to demonstrate its technical capabilities for designing EV battery systems. Since earlier this year, we have already started shipping electric bus batteries to our domestic customers. We will continue to address the growing EV market in China and explore opportunities worldwide."

Mr. Wenliang Li, CTO of Highpower International, added, "Highpower's engineers designed a 7.3 KWh battery system with Li(NiCoMn)O2 lithium polymer batteries and a voltage at 400V for Harbin Institute of Technology. Our power battery system can achieve active energy balancing and has a real-time remote management system to track its working status. Highpower will continue to dedicate its R&D resources for the electric vehicle applications and we look forward to our continued progress."