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California Firm Betting on Electric Technology

February 21, 2011 by · Leave a Comment 

Winston Chung

Winston Chung

A Harbor City, Calif.,  manufacturer of all-electric trucks and tractors has signed a $16 million deal to build 300 drive systems for inner-city buses in China, the Long Beach Press-Telegram reported.

The deal is the latest expansion of Balqon Corp.’s growing global presence in electric vehicles, boats, motorhomes and power storage systems.

Balqon, which began building electric drayage trucks for use in local ports in early 2009, plans to expand its Harbor City assembly plant and hire 150 new workers to meet demand.

“We’re seeing major evolutions and advancements in the electric vehicle industry, with new generations of batteries coming out about every 18 months and each gaining tremendously on the previous generation,” said Balwinder Samra, Balqon president and CEO.

“It’s developing like the personal computer did a few years ago, with rapid advancements in (mileage) range, storage capacity, size and application.”

The new agreement between Balqon and Winston Global Energy, a Chinese lithium-ion battery maker, gives the partnership exclusive contracts to build electric buses, trucks, motorhomes and even marine vessels throughout much of North and South America, Asia and the Middle East.

The drive systems being built at the Harbor City assembly plant cost about $53,000 each and will be exported to China during the next 18 months.

Samra has doubled his work force to more than 60 since mid-January and plans to hire another 100 or so by summer.

He sees rising oil prices, better batteries and rising demand converging around 2015 to make all-electric vehicles economically competitive with traditional diesel, gasoline and hybrid cars and trucks.

“It’s moving forward faster than anyone predicted,” Samra said. “Places like China and India in particular are really pushing research and development into battery and electric technology because they see the drain that oil (price) fluctuations can have on an economy, and they don’t want to have oil prices being a drag on their economies like they’ve seen in America and Europe. It’s smart planning. You can’t run an economy where a single commodity can swing you from growth to recession.”

The new drive systems improve on the line of electric container trucks and yard tractors Balqon began building for the Port of Los Angeles in early 2009 with $500,000 in seed money from the port and South Coast Air Quality Management District.

Since then, about 25 such vehicles have been ordered for use in local ports, with dozens more electric drive systems and motors purchased by public and private firms around the globe.

Using Winston Global’s lithium batteries and Balqon’s drive trains, the two companies tentatively plan to build 1,000 zero-emission buses for use in China within a few years.

Winston Global’s CEO Henry Chung is also working with Balqon to develop electric motorhomes.

The first one, a 45-foot prototype, was completed in September.

Another of Chung’s companies, MVP RV of Riverside, plans to manufacture 30,000 motorhomes using Balqon drive trains in the Inland Empire in coming years and export them to China.

Chung, a rising electric-vehicle tycoon, also recently announced a $10 million donation to the University of California, Riverside Department of Engineering.

“As soon as you get those batteries capable of maintaining a range of around 350 to 400 miles, which I believe will happen in the next 36 months, you’ll see interest explode,” Samra said. “The electric motor has already proven itself in terms of power and propulsion … meeting or exceeding the capability of diesel or gasoline, so the only remaining issue is battery capacity.”

If Samra’s forecasts hold, his 26,000-square-foot plant in Harbor City, nestled in an industrial neighborhood between Long Beach and San Pedro, could become one of California’s largest and only remaining auto assembly plants.

A Toyota truck assembly plant in North Long Beach shuttered most operations a few years ago, and a joint Toyota-General Motors plant known as the New United Motor Manufacturing Inc., or NUMMI, was shuttered in 2010.

Tesla Motors, an electric sports car manufacturer, has since taken over the NUMMI site and plans to build an electric-powered sedan there beginning in 2012.

“We believe that combining our lithium battery and fast-charging technology with Balqon’s proprietary electric drive systems will enable us to provide cost-competitive zero-emissions solution to a growing global demand for electric vehicles,” Chung said in an e-mail statement.

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Mike Thompson RV Sells First Impact SURV

February 18, 2011 by · Leave a Comment 

Mike Thompson RV Superstores delivered the first MVP RV Inc. Impact toyhauler trailer this week fresh off the assembly line.

MVP RV launched its newest product at Mike Thompson RV in December.

The new owner, identified only as “Mr. Glenn” of Southern California, is the first new owner of the Impact toyhauler trailer and was very excited to take delivery of the unit he purchased in December, according to a news release. He has been anxiously waiting for the toyhauler to arrive.

“I’ve been searching Toyhauler Travel Trailer when I came upon the new Impact displayed at the I5 show. It had everything I was looking for and more,” he said. “I was blown away that the Impact has 40 gallons of fuel on board, the insulated floor are more than I expected and the list goes on and on.”

The Impact launched with two models with four more to follow. The 18SS features a front side bed, side bath, and two facing sofas in the rear creating maximum sleeping capacity. The 22SS includes the same features and in addition two rear electric beds. Both are equipped with a generator, microwave, awning, fuel station, and much more.

The Impact is now available at all Mike Thompson’s RV locations. Mike Thompson RV staff is very excited to see the market growing and introducing new products for their customers.

Mike Thompson RV Superstores has five Southern California locations. For more information visit www.mikethompson.com.

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Mike Thompson’s RV Adds MVP RV’s Tahoe

February 7, 2011 by · Leave a Comment 

MVP RV's 2011 Tahor Class C

MVP RV's 2011 Tahor Class C

MVP RV Inc. today (Feb. 7) announced that it has reached an agreement with Mike Thompson’s RV Superstores (MTRV).

MTRV will be the exclusive Tahoe Class C dealer for their four southern California locations, located in Fountain Valley, Santa Fe Springs, Colton and Cathedral City, according to a news release.

“We are very excited about this new line,” said Frank DeGelas, MTRV general manager. “We took our time during our due diligence process before making this decision. We visited their facility several times, walked their production line, test drove the product and met with their senior leadership team. In the end, we truly believe this is the best fit for Mike Thompson’s RV. The Tahoe fills a segment of the market we have not been participating in for several years.”

“We are proud to add Mike Thompson’s to our growing MVP RV family,” said Niles Whitehouse, Tahoe’s national sales and product manager. “MTRV is a family owned and operated RV dealership that has been in business for almost 40 years. Their companywide integrity, commitment to customer service and reputation for selling quality products made them the obvious choice for us.”

The all-new 2011Tahoe comes standard with a 4.0 Onan generator, three-burner range with oven, deep double bowl stainless steel galley sink, 83-inch interior height throughout, hard wood drawers with full extension roller bearing guides, pass-through storage on all models, Ford V-10 engine and 32-inch LCD TV. MSRP starting at $61,544.

MVP RV inc. builds travel trailers under the brand names Coast and Summit, fifth-wheels under the brand names Jazz and Destiny, and toy haulers under the brand names Impact, Vortex and Envy. For more information about MVP RV’s products, please go to www.mvprv.com.

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RV Travel Conflicts with Chinese Culture?

January 25, 2011 by · 1 Comment 

Amid all the publicity surrounding MVP RV Inc.’s mammoth deal to build 30,000 motorhomes for  a growing market in China comes an alternative viewpoint from none other than Chinese travel experts.

The China People’s Daily reported today (Jan. 25) in its online edition that so far the country has less than 10,000 motorhomes, most of which are used in the entertainment business for mobile dressing rooms, said Shangguan Zhoudong, a Beijing-based independent auto analyst.

“People rarely use RVs as a way to travel long distances in China, because Chinese culture does not nurture a spirit of adventure, as most people value stability,” the auto analyst stated.

The Chinese are more accustomed to driving sedans or SUVs and staying overnight at hotels while traveling, said Cui Dongshu, deputy secretary-general of the National Passenger Car Association.

This report butts heads with a statement distributed today by the Los Angeles Times and attributed to MVP RV benefactor Winston Chung. The Times reported that Chug said the Chinese government has placed a focus on developing the RV industry as a cornerstone of the Chinese ideal of the happy home life.

“A family with an RV is a family more in harmony with each other,” he said, speaking through a translator. “During vacations, people can get into the RV and enjoy quality family time.”

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Chung: China Has Burgeoning RV Market

January 25, 2011 by · Leave a Comment 

Winston Chung

Winston Chung

China is hungry for the kind of recreational vehicles built in Southern California — at least according to the Chinese entrepreneur who struck a deal with a Riverside firm to build and export $5 billion worth of them.

The Chinese government has placed a focus on developing the RV industry as a cornerstone of the Chinese ideal of the happy home life, Winston Chung told the Los Angeles Times.

“A family with an RV is a family more in harmony with each other,” he said, speaking through a translator. “During vacations, people can get into the RV and enjoy quality family time.”

Under Chung’s agreement with MVP RV of Riverside, Calif., the company plans to manufacture the vehicles in the U.S.  and export them to China. However, Chung would not rule out moving operations to China in the future.

Chung spoke about the burgeoning market in China for the motorhomes after a news conference with UC Riverside Chancellor Timothy P. White, where they announced Chung’s $10-million donation to UCR’s Bourns College of Engineering.

Trailer decks at a holiday park in China.

Trailer decks at a holiday park in China.

In an interview with The Times, a smiling Chung cheerfully detailed his plans to build and export 30,000 diesel-powered motorhomes to China, and eventually to develop electric-powered RVs. Chung, 52, is the founder of battery maker Winston Global Energy.

The nascent Chinese RV industry has the potential for high profit margins, despite high taxes on gas-guzzling vehicles, Chung said. He added that the increasing value of the yuan, the Chinese currency, will make buying an RV more affordable for families.

Headquartered in Shenzhen, China, Winston Global Energy produces batteries for electric bikes, electric motorcycles, electric automobiles and hybrid vehicles, and is currently the only company in the world engaged in mass production of rechargeable storage batteries for buses.

Last year, Chung became a majority owner in Riverside’s MVP RV Inc. The company hopes to soon begin manufacturing 10,000 tour-bus-style and 20,000 smaller recreational vehicles. They will be exported over the next three to four years. The company said it would hire 1,200 new workers, primarily in production line jobs.

Holiday Beach camping site in China.

Holiday Beach camping site in China.

Formed in 2008, MVP RV began producing primarily travel trailers but stopped production four months later when stifled by the recession. The company was exploring the idea of building electric cars when the owners were introduced to Chinese entrepreneur Chung.

He paid $18.6 million in July for the Riverside factories and headquarters that were once the home of Fleetwood Enterprises Inc., which filed for bankruptcy protection and left the area in 2009.

For now, the emphasis will be on gas-powered RVs, he said. The Chinese market “is really into gasoline RVs, so that is why we want to focus on that and trying to import it into China,” he said. “If we do move manufacturing to China, I would like it to be for the manufacturing of electric RVs.”

MVP RV has already created a prototype for the electric motorhome and Chung plans to invest more money in the development of the technology in the near future.

Chung’s interest in Southern California began with his initial investment in MVP RV, but he has business dealings in several Southland transportation firms. He hopes to begin developing an electric yacht and plans to invest in several boating companies in Southern California to do so.

Today (Jan. 25), a heavy-duty truck, tractor and electrical systems maker in Los Angeles County that is also owned partly by Chung will announce that he has ordered $15.9 million worth of electric vehicle drive systems made in Southern California for buses in China.

Balqon Corp., based in Harbor City near Long Beach, said it expects to hire 150 workers over the next 18 months to build 300 electric vehicle drive systems to power buses carrying 15 to 40 passengers each. The drive systems are being purchased by Chung’s company in China, Winston Global Energy.

“This order from Winston Global Energy validates the competitiveness of our technology in the global marketplace and will result in the creation of high-tech green jobs domestically,” said Balwinder Samra, Balqon chief executive. Chung is a major shareholder in Balqon, founded in 2005.

The UCR gift would be the largest in the school’s history, officials said. A building within the college of engineering will be renamed Winston Chung Hall and two professorships and a research center will be established in his name. The gift is to fund research related to clean battery power, solar energy and sustainable transportation, according to the university.

The research center, called the Winston Chung Global Energy Center, will focus on “life source rare earth lithium batteries,” a technology invented by Chung, bio-inspired technology and the development of clean energy and energy storage, according to the school.

The gift is “a match of his passion with our ability,” White said. Chung added that this would be his first donation to the school, but he is in talks to continue donations to the school, specifically to medical research.

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MVP RV Backer Donates $10M to College

January 24, 2011 by · Leave a Comment 

Winston Chung

Winston Chung

The University of California, Riverside, announced today (Jan. 24) that Winston Chung, a Chinese battery technology scientist, inventor and entrepreneur, has expressed his intent to give $10 million to support clean battery power, solar energy and sustainable transportation research at the Bourns College of Engineering.

The bell tower at University of California, Riverside, campus.

The bell tower, a landmark at the University of California, Riverside, campus.

Chung and UC Riverside Chancellor Timothy P. White today will sign a memorandum of understanding that will lead to the gift, which will make Chung the largest individual donor to the campus in UC Riverside history, according to a university news release.

Chung is the founder of Winston Global Energy Limited and inventor of the rare earth lithium yttrium battery.

“The University of California, Riverside, welcomes Mr. Winston Chung as an integral partner in our educational and research mission,” White said. “His investment in this university will result in generations of students and faculty sharing their knowledge with local and global communities, and in new materials and new energy sources for an energy-hungry world. This gift is a wonderful testimony to the current strengths and aspirational future of the UCR Bourns College of Engineering.”

Reza Abbaschian, dean of the Bourns College of Engineering, said Chung’s work on electric vehicles is a perfect match with the Bourns College of Engineering-Center for Environmental Research & Technology (CE-CERT) and the Southern California Research Initiative for Solar Energy (SC-RISE) at UC Riverside.

“Mr. Chung has created a clean and efficient energy storage that is an expression of a sustainable future,” Abbaschian said. “We are talking about vehicles that go for 180 miles on a single charge and can be recharged in the time it takes to stop and drink a cup of coffee.” He said he is excited by the prospect of future research collaborations, and by the opportunities the gift would mean for engineering students.

When an endowed fund is created in Chung’s name, UC Riverside will:

  • Name the building currently known as Engineering Building II as Winston Chung Hall.
  • Support two named professorships in the Bourns College of Engineering: the Winston Chung Professorship in Energy Innovation and the Winston Chung Professorship in Sustainability.
  • Establish the Winston Chung Global Energy Center within CE-CERT. The center will initially focus on Life Source Rare Earth Lithium batteries, which Chung invented, bio-inspired technology and the development of clean energy and energy storage.

Since arriving in the United States, Winston Global Energy Ltd. announced it will provide $310 million to MVP RV, which is based in Riverside, to promote motorhome exports to China. Additional money will fund development of all-electric RVs and fast-charging electrical systems.

The deal was one of about 70 between the U.S. and China announced in connection with the official state visit by Chinese President Hu Jintao, in what was called a demonstration of cooperation between the two countries.

MVP RV expects to export more than 30,000 motorhomes, valued at approximately $5 billion, to China over the next three to four years. The joint venture will push the number jobs at MVP RV from 130 to more than 1,400.

In November, Balqon Corp., a California developer and manufacturer of zero-emission heavy-duty electric vehicles and drive systems, and Winston Battery jointly showcased their drive systems and battery technologies at The World Electric Vehicle Symposium and Exposition in China. The companies demonstrated the world’s first all-electric recreational vehicle, with a range of 200 km on a single charge. The 45-foot RV can be fully charged within 20 minutes, as compared to eight hours using traditional methods.

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MVP RV to Serve China’s ‘Untapped Market’

January 21, 2011 by · 1 Comment 

Winston Chung

Winston Chung

Riverside, Calif., motorhome maker MVP RV Inc. is ready to serve the “untapped market” for motorhomes in China and is expected to add 1,200 new jobs to the Inland Empire, an area hit hard by the recession, as it builds and exports 30,000 vehicles to China under an agreement with a Chinese entrepreneur, the Los Angeles Times reported

Under the deal with the businessman, Winston Chung, who last year became the RV firm’s majority owner, the company will build $5 billion worth of the diesel-powered vehicles. The agreement was highlighted at the White House as part of Chinese President Hu Jintao’s state visit this week.

MVP RV hopes to begin soon manufacturing the 10,000 tour-bus style and 20,000 smaller recreational vehicles. They would be exported over the next three to four years.

China is an “untapped market” for motorhomes, said Scott Degnan, vice president of sales and marketing for MVP RV. The company has 150 employees and expects to hire about 1,200 new workers, primarily in blue-collar, production line jobs, he said.

The new jobs come at a crucial time for the region, said economist John Husing, an expert on the Inland Empire economy. “Having a major employer coming into the manufacturing base out here is huge,” he said.

In November, unemployment in the Inland Empire was at 14.3%. “This is a big deal,” Husing said.

Officials at the Recreation Vehicle Industry Association (RVIA) in Reston, Va., welcomed the announcement.

China is an “infant market … with tremendous potential,” senior director Bill Baker said. “You have Chinese consumers with more disposable income and more leisure time taking an interest in RVs.”

The deal will provide a boost for the RV industry, which was hit hard in recent years by spikes in gasoline prices and the recession. Recently the industry has been looking up, Baker said. As of November, manufacturers shipped 50% more vehicles to dealers than the year before, illustrating rising sales, he said.

China’s infrastructure is improving and more campgrounds are being built, said Degnan of MVP RV. Large motorhomes are still a rarity in China. But the smaller vehicles, which he described as “glorified vans,” are popular.

MVP RV is headquartered at factories vacated by Fleetwood Enterprises, which filed for bankruptcy protection and left the area in 2009.

Formed in 2008, MVP RV began producing primarily travel trailers, but stopped production four months later when stifled by the recession. The company was exploring the idea of building electric cars when the owners were introduced to Chinese entrepreneur Chung, now the firm’s majority owner.

Chung paid $18.6 million in July for the Riverside factories and headquarters. As part of the agreement announced this week, he will provide $310 million in financing to build the motorhomes.

Chung will also finance further development of an electric motorhome by the company, using “lithium rare-earth batteries,” Degnan said. The company created a prototype of the electric vehicle and shipped it to China, where Chung has displayed it at electric vehicle trade shows.

The deal was one of about 70 between the U.S. and China announced during Hu’s state visit, in what was called a demonstration of cooperation between the two countries.

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RVIA Applauds MVP RV Deal with Chinese

January 20, 2011 by · 1 Comment 

President Barack Obama with Chinese President Hu Jintao during the joint news conference in Washington on Wednesday.

President Barack Obama with Chinese President Hu Jintao during the joint news conference in Washington on Wednesday.

The Recreation Vehicle Industry Association (RVIA) applauded the announcement that MVP RV and China-based Winston Global Energy Ltd. will partner to promote motorhome exports to China as a significant step in the association’s work toward the development of the RV industry in China.

Under the agreement, Winston Global Energy Ltd. will provide $310 million in capital to MVP RV to promote motorhome exports to China. Additional capital will also be provided for the development of all-electric RVs and fast-charging electrical systems. It is expected that MVP RV will export more than 10,000 Class A motorhomes and 20,000 Class C motorhomes, valued at approximately $5 billion, to China over the next three to four years.

The joint venture will also push the number of jobs at MVP RV, based in Riverside, Calif., from 130 jobs to over 1,400 jobs.

Details of the deal were revealed Wednesday (Jan. 19) during a joint press conference involving President Barack Obama and Chinese President Hu Jintao.

“This is an exciting development for our company and the RV industry,” said Brad Williams, MVP RV president and CEO. “The work being done by RVIA to help promote American involvement in the Chinese RV industry helped set the stage for this to happen.”

“This agreement illustrates the potential of the Chinese RV market for U.S. manufacturers and suppliers,” said RVIA President Richard Coon. “It creates jobs here in America to build state-of-the-art RVs that will be exported to China to meet the growing demand for U.S.-manufactured RV products.”

There is strong support for a more focused development of the fledgling RV industry within China as China-based companies are seeking partnerships with American RV companies to build products for Chinese consumers who have more disposable income, more leisure time and a growing interest in RV travel and camping.

With the tremendous potential represented by this new market, RVIA has been working for several years to help association members gain a foothold. The association has organized a trade mission to China, hosted Chinese trade groups at the National RV Trade Show and worked with business leaders, organizations and government contacts in China to discuss industry standards and other regulatory issues.

An official signing ceremony for the MVP RV and Winston Global Energy Ltd. agreement as well as for several other U.S.–China commercial partnerships will take place in Chicago on Friday at a trade event hosted by the Chicago Council on Global Affairs. The event will be attended by Winston Chung, founder of Winston Global Energy Ltd., Williams and Coon.

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Chinese Firm Injecting $310M into MVP RV

January 19, 2011 by · Leave a Comment 

China-based Winston Battery Ltd. plans a $310 million capital injection in MVP RV, Riverside, Calif., to promote motorhome exports to China, according to a White House release, Investor’s Business Daily has reported.

The U.S. company has an existing distributor relationship with privately-held Winston Battery Ltd., based in Shenzhen, China.

Additionally, Winston Battery Ltd. will provide capital for the development of all-electric recreation vehicles and charging systems. The goal is to export over 10,000 Class A motorhomes and 20,000 Class C  motorhomes to China in the next three to four years.

MVP estimates the value of these exports to be over $5 billion. The agreement specifies the intention to export vehicles to China through Winston and the eventual incorporation of an all-electric powertrain to future vehicles.

Click here to read a fact sheet from the White House announcing this and other U.S.-Chinese commercial relations.

As reported earlier by RVBUSIUNESS.com, MVP showed a prototype of an all-electric Class A motorhome in October at the 25th World Battery, Hybrid and Fuel Cell Symposium (EVS) in Shenzhen, China, at the behest of MVP RV investor Winston Chung, developer of the lithium-ion battery.

The 42-foot 44,000-pound GVWR all-electric prototype, named the ”Winston” and purchased by Chung, is powered by Thunder Sky batteries produced by Chung’s China-based Winston Battery LLC.

Inside, the quadslide, tag axle coach has the look and feel of a diesel motorhome with granite countertops and tile floors. ”The only difference is that it runs on batteries,” MVP President Scott Degnan said. ”It’s very quiet and has a lot of torque. It takes off like a golf cart.”

Degnan declined to specify the coach’s chassis or how many batteries it takes to power the Winston, which was developed on the hush-hush and isn’t likely to show up on the U.S. consumer market anytime soon. The prototype has no backup engine, gets only 180 miles on a charge and has a top speed of 70 mph. On the U.S. retail market, the Winston probably would cost in the range of $1 million, Degnan said.

”We are way ahead of the curve on this; we’re not ready for U.S. production,” Degnan said. ”It’s too expensive and America’s not ready for it. The diesel market in the U.S. has been hampered and this is more expensive than that.”

Another prototype, however, is in the works. ”We are going to build another one in Riverside in the near future and tighten it up a bit,” Dengan said.

The Winston was cited by Recreation Vehicle Industry (RVIA) President Richard Coon as evidence of forward thinking R&D in the RV industry during RVIA’s Outlook Breakfast Nov. 30 attended by more than 1,000 people as the Louisville show opened.

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Balqon Corp. Raises $5M for Vehicle Research

January 6, 2011 by · Leave a Comment 

logoBalqon Corp., a developer and manufacturer of zero-emissions heavy-duty electric vehicles, has signed an exclusive lithium battery distribution agreement with Winston Battery Ltd. and raised $5 million in a private equity placement, according to a news release.

Balqon completed the $5 million private placement of its common stock and warrants to purchase common stock on Dec. 14. The investor in the private placement was Seven One Ltd. Balqon filed a report on Form 8-K with the Securities and Exchange Commission (SEC) on Dec. 17 that provides further details of the transactions.

On Dec. 14, Balqon also entered in to a distribution agreement with Seven One Ltd. under which Balqon was appointed the exclusive distributor in the United States for lithium iron phosphate batteries and high voltage charging systems manufactured by Winston Battery Ltd.

Seven One Limited holds worldwide distribution rights with respect to the high-capacity lithium iron phosphate batteries and high voltage charging systems manufactured by Winston Battery Ltd. Both Seven One Ltd. and Winston Battery Ltd. are Shenzhen, China-based companies that are headed by leading battery technology scientist, inventor and entrepreneur Winston Chung.

“We have used batteries manufactured by Winston Battery along with our proprietary battery management systems since 2009, and have been highly impressed by their performance,” said Balwinder Samra, president and CEO of Balqon. “We believe this new distributor relationship and Seven One Limited’s substantial investment in our company will enhance our product offerings and allow us to jointly explore a number of growing market opportunities within the stationary backup power and energy storage markets.”

In November, Balqon and Winston Battery Ltd. jointly showcased their drive systems and battery technologies at the The World Electric Vehicle Symposium and Exposition (EVS 25)  organized by the World Electric Vehicle Association in China. The EVS 25 is recognized as the premier event for academic, government and industry professionals involved in electric drive technologies.

At the EVS 25, Balqon and Winston Battery Ltd. demonstrated the world’s first all-electric recreational vehicle with a range of aproximately 120 miles on a single charge. The 45-foot RV was manufactured by MVP RV Inc. of Riverside, Calif., in which Chung is a major investor. Using Winston Battery’s advanced charging technology in Balqon’s battery management system, the RV can be fully charged within 20 minutes as compared to eight hours using traditional methods.

“Working together with the Balqon team to develop the world’s first all-electric powered RV in record time revealed other opportunities we can jointly address across our respective continents using our complimentary expertise and experience,” said Chung. “We believe our synergistic portfolios of battery and vehicle drive control technologies will enable us to enter new developing electric vehicle markets, and provide Balqon a path to diversify from its market niche of heavy-duty electric vehicles.”

The issuance of securities in the private placement described above was not registered under the Securities Act of 1933, as amended (the “Securities Act”). Therefore, the securities may not be reoffered or resold by the investor absent registration or an applicable exemption from the registration requirements of the Securities Act.

About Balqon Corp.

Headquartered in Harbor City, Calif., Balqon is a leading developer of heavy-duty electric trucks, tractors and electric drive systems. The company uses its proprietary flux vector control technology to design propulsion systems for 10- to 50-ton capacity vehicles and material handling equipment. Balqon’s product line of tow tractors built on Autocar LLC chassis are designed to transport containers at ports, marine terminals, rail yards, warehouses, intermodal facilities, military bases and mail facilities. For more information about Balqon, visit www.balqon.com.

About Winston Battery Limited

Headquartered in Shenzhen, China, Winston Battery (formerly Thunder Sky Batteries) produces batteries for electric bikes, electric motorcycles, electric automobiles and hybrid vehicles, and is currently the only company in the world engaged in mass production of rechargeable storage batteries for micro- and e-busses. The company’s extensive patented battery and recharging technologies include a unique system for rapid charging (less than half an hour) and the ability to produce high capacity up to 700 Ah batteries. Winston Battery’s proprietary technology and manufacturing methods ensures its cost of production and market price is considerably lower than its competitors. Some of the world’s largest automotive companies, including Daimler Benz, Fiat, BMW and Citroen, as well as Nokia, are currently evaluating its technology.

Founded in the People’s Republic of China in 1998, Winston Battery is a high-tech manufacturer employing two production lines with annual capacity of 60 million Ah. At the end of 2009, Winston Battery launched an additional fully automated battery production line with the capacity of 100 million Ah annually. The company currently has assets exceeding $4 billion.

About Winston Battery’s Advanced Battery Technology

Winston Battery Limited was one of the first companies in the world to successfully replace PVDF binders in the production of high capacity lithium-ion batteries. The chemistry of these cells is Lithium Iron Phosphate (LiFePO4), or LFP. The main advantage of LFP batteries is that they do not have the volatile thermal issues that Li-ion batteries have, making LFP batteries much safer then Li-ion. The other advantage is that they have very high cycle life, up to 2000 cycles compared with Sealed Lead Acid (SLA) batteries that have a cycle life of about 400 cycles. This means that LFP cells can last five times longer then SLA batteries. Given the better cycle life, LFP batteries can be considerably less expensive to use than SLA batteries.

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