Harbin Electric and Advanced Battery Technology Play Important Role in China's Growth Plan
12 Agosto 2011 - 9:16AM
Marketwired
Favorable government incentives and green energy initiatives are
expected to make China the world leader in electric vehicles in the
near future. China's intention, in addition to creating a
world-leading industry that will produce jobs and exports, is to
reduce urban pollution and decrease its dependence on oil. The
Bedford Report examines the outlook for the Industrial Electric
Equipment Industry and provides equity research on Harbin Electric,
Inc. (NASDAQ: HRBN) and Advanced Battery Technologies, Inc.
(NASDAQ: ABAT). Access to the full company reports can be found at:
www.bedfordreport.com/HRBN
www.bedfordreport.com/ABAT
According to a consultant at World Bank, Chinese consumers may
purchase about 47 percent more electric vehicles than the US in a
decade. Oliver Hazimeh, a partner at PRTM, reports that Plug-in
electric vehicles that connect to a power-grid to store energy in
batteries will rise to 2.2 million, or 11 percent, of vehicles sold
in China in 2020.
China has committed about $15 billion for vehicle
electrification over the next five years where it will develop
infrastructure to promote electric vehicles, while the US has
agreed to provide $2 billion to $3 billion to promote
battery-powered vehicles.
The Bedford Report releases stock research on the Industrial
Electric Equipment Industry so investors can stay ahead of the
crowd and make the best investment decisions to maximize their
returns. Take a few minutes to register with us free at
www.bedfordreport.com and get exclusive access to our numerous
analyst reports and industry newsletters.
Harbin Electric is a leading developer and manufacturer of a
wide array of electric motors with a focus on innovative,
customized, and value-added products. Its major product lines
include industrial rotary motors, linear motors, and specialty
micro-motors. The Company recorded a net income attributable to
controlling interest of $17.2 million, or $0.55 per share in the
second quarter of 2011.
Advanced Battery Technologies is a leading manufacturer and
distributor of rechargeable polymer lithium-ion batteries. The
company is also involved in the development and manufacturing of
electric bikes, scooters and sports utility vehicles.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above-mentioned publicly traded companies. The Bedford Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.bedfordreport.com/disclaimer.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
Harbin Electric, Inc. (MM) (NASDAQ:HRBN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Harbin Electric, Inc. (MM) (NASDAQ:HRBN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024