Home > News > Lithium Ion Charges up China BAK Battery
July 1st, 2008
Lithium Ion Charges up China BAK Battery
Abstract:
"CBAK's basic business is already strong. The world loves its electronic doodads and that trend is only going to get bigger. However, the electric hybrid vehicle market is a new one for CBAK — and one that could shoot its profits to the moon.
"I knew before I arrived that CBAK was already working with General Motors on its A123 Systems batteries, a new generation lithium ion battery based on nanotechnology that can produce cars which get 150 MPG.
"But what I didn't know was that CBAK was also in talks with Japanese automakers. Between Chinese, American and Japanese automakers, CBAK should soon be making a mint from hybrid batteries — on top of its bread-and-butter consumer electronics business.
"The Wall Street crowd expects CBAK to make 29 cent a share of profits in 2008 , which means CBAK is trading for roughly 17 times this year's earnings. CBAK does, however, have 69 cents per share of cold, hard cash sitting in the bank. If you back out that cash, CBAK is really only selling for 14 times earnings — a bargain in my book."
Source:
istockanalyst.com
Bookmark:
| Related News Press |
News and information
Beyond wires: Bubble technology powers next-generation electronics:New laser-based bubble printing technique creates ultra-flexible liquid metal circuits November 8th, 2024
Nanoparticle bursts over the Amazon rainforest: Rainfall induces bursts of natural nanoparticles that can form clouds and further precipitation over the Amazon rainforest November 8th, 2024
Nanotechnology: Flexible biosensors with modular design November 8th, 2024
Exosomes: A potential biomarker and therapeutic target in diabetic cardiomyopathy November 8th, 2024
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers/Posters
Beyond wires: Bubble technology powers next-generation electronics:New laser-based bubble printing technique creates ultra-flexible liquid metal circuits November 8th, 2024
Nanoparticle bursts over the Amazon rainforest: Rainfall induces bursts of natural nanoparticles that can form clouds and further precipitation over the Amazon rainforest November 8th, 2024
Nanotechnology: Flexible biosensors with modular design November 8th, 2024
Exosomes: A potential biomarker and therapeutic target in diabetic cardiomyopathy November 8th, 2024
Automotive/Transportation
Researchers’ approach may protect quantum computers from attacks March 8th, 2024
Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage
What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||