Chisen Electric Corporation (OTC: CIEC) , a leading lead-acid motive battery producer for the electric bicycle market in the People’s Republic of China, announced today it has signed a series of agreements with local government officials, which provide relocation funding from the government for moving all current production within a year at its oldest plant (Plant A) at Jingyi Road in Changxing County to its nearby (1.5 km) Plant B where the Company also has been manufacturing lead-acid batteries since 2008.
The press release is quoted as saying:
Chisen Electric Corporation, incorporated in Nevada, USA, and headquartered in Zhejiang Province, the People’s Republic of China, is a leading lead-acid motive battery producer for China’s personal transportation device market. The Company’s battery products are sold under its own brand names and are predominantly used in electric bicycles.
