Opening of 1.2 million sqft Factory

Announcement Date: March 1, 2011

2011

Production of new 1.2 million sqft factory in Hangzhou, our largest factory so far, the third factory in Hangzhou. Production of high capacity Lithium Iron batteries begins. Production of progressive stamped connector parts begins. Establishment of high speed R&D lab in North America. Opening of new high-tech sheet metal stamping facility in TongXian. Obtained plating license for connector and Interconnect metal plating.