SOURCE: World Street Fundamentals

July 01, 2011 09:00 ET

Equity Research on China BAK Battery, Inc. and Highpower International, Inc. - The Energizer May Just Keep Going

HONG KONG--(Marketwire - Jul 1, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting China BAK Battery, Inc. (NASDAQ: CBAK) and Highpower International, Inc. (NASDAQ: HPJ). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

Performance in the industrial goods sector is largely driven by supply and demand -- residential, commercial and industrial -- as well as the demand for manufactured products. Many lithium research analysts believe the global recession places the industry into over-supply through 2013, with a return to balance expected through to 2017 considering existing supply. Regardless, lithium producers with established pipelines and secondary lithium users, such as manufacturing batteries, can still anticipate growth through the coming decade as they are able to leverage market position to their advantage.

World Street Fundamentals has highlighted China BAK Battery, Inc. as a global manufacturer of lithium-based battery cells. The Company produces battery cells that are a component of rechargeable batteries used to power applications, cellular phones and smart phones. Customer categories include original equipment manufacturer (OEM) customers and replacement battery manufacturers, notebook computers, portable consumer electronics, such as digital cameras, portable media players, portable gaming devices, personal digital assistants (PDAs), camcorders, digital cameras and Bluetooth headsets. The entire report on China BAK Battery, Inc. (NASDAQ: CBAK) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.

World Street has highlighted Highpower International, Inc. as it is engaged in investment holding activities. The Company's products include ready-to-use batteries, rapid charge batteries, consumer high capacity batteries, vacuum cleaner batteries, power tool batteries and electric bike batteries. As of September 30, 2010, HZ Highpower was inactive and GZ Highpower had not commenced its operations. Springpower International, Inc. (Springpower International) is an associate of the Company, which is engaged in the research and development of batteries. The entire report on Highpower International, Inc. (NASDAQ: HPJ) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.

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