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    Galaxy to Produce Lithium Batteries for China

    Investing News Network
    Aug. 08, 2011 03:46PM PST
    Battery Metals
    Company News

    ABC News reports that Galaxy Resources (ASX:GXY) has signed a deal with one of the world’s largest battery manufacturers to develop electric bike batteries.

    ABC News reports that Galaxy Resources (ASX:GXY) has signed a deal with one of the world’s largest battery manufacturers to develop electric bike batteries.

    The market news is quoted as saying:

    The agreement will see Galaxy, which has a lithium mine in Ravensthorpe, use American company K2 Energy’s technology to create a lithium battery plant in China.

    Click here to access the entire news

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