China Sun Group High-Tech Co. Provides Operational Update, Reaffirms Guidance

China Sun Group High-Tech Co. (OTC:CSGH) provides an operational update and reaffirmed the company’s guidance for the fiscal year ending May 31, 2011.

The press release is quoted as saying:

In the context of further demand for lithium ion batteries and their components driven by China’s goal of building one million electric vehicles by 2015, the Company is targeting eventual LIP capacity expansion to 4,000 tons per annum and is also planning to launch its own production of electric-car batteries by 2013.

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