1. Michigan Firm Gets $1 Billion Chinese Contract

    Michigan Firm Gets $1 Billion Chinese Contract

    Earlier this week XALT said an agreement with the Hybrid Kinetic Group Ltd of China will mean the creation of 300 high-tech and manufacturing jobs in Midland, Michigan. Hiring has already started and 80 jobs are expected to be filled in April. Hybrid Kinetic leases electric buses to municipal transit companies in China and each will be outfitted with a high-performance XALT battery which recharges in less than 10 minutes.

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    1. I think this is just the beginning. This contract means we will be supplying thousands of buses with batteries. Of course, China has hundreds of thousands of buses. I think this will open up a huge market for us in China and Asia.
    2. Electric buses can help reduce greenhouse gas emissions substantially in China.
    3. XALT's high quality and cost competitive battery products fit very well with our group's strategy of launching all-electric public transit buses in large scale with our unique business model.
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