China Sun Group High Tech Co. (OTC:CSGH) has announced new developments and alliances with key academic and government sectors for the commercialization of the company’s green batter component, lithium iron phosphate, li-ion. The Municipal Government of Dalian provided CSGH 600,000 RMB or $87,900 as a technology subsidy on September 22, 2009. The company operates through its wholly owned subsidiary, Dalian Xinyang High-Tech Development Co. Ltd.
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China Sun Group High Tech Co is engaged in producing and selling cobaltosic oxide and lithium cobalt oxide, both anode materials used in lithium ion rechargeable batters in the Peoples Republic of China. Dalian Xinyan High-Tech Development Co. Ltd (DLXY) is focused on the manufacture, and sale of cobalosic oxide products. The company’s products are manufactured, marketed and sold in the Peoples Republic of China.
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