SHANGHAI, Dec. 6 /PRNewswire/ -- The Frost & Sullivan 2009 Brand Leadership of the Year Award in Chinese New Energy Motive Battery Market is presented to Tianneng, for excellence in market performance, a unique product solution, good brand image and perfect after-sale service. The award recipient was identified by combining the result from these interviews with an analysis of such criteria as brand recognition, services offered before and after sale, revenues growth rate, market share, penetration into new energy battery markets, technology, customer satisfaction, customer loyalty, and environmental awareness.

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According to Frost & Sullivan's findings, the CAGR of e-bike battery market is expected to be at 26.8% from 2008 to 2013, which is driven by both newly manufactured e-bike market and replacement market. Tianneng is the market leader with the market share of 22.0% in 2008, increasing from 18.6% in 2007. The high growth rate is mainly attributed to the robust growth rate of secondary market. In 2008, the revenue generated by secondary market accounted for 65.8% of total sales revenue, up 83.2% over 2007. Tianneng has successfully secured its market position through its exclusive technology know-how and unique production process. The company has 4 national focal new products, 3 new products in National Torch Program, 60 provincial high-tech products and 47 tech patents.

Tianneng is devoted to be an environmentally friendly enterprise to contribute towards green energy by expediting the development of energy storing battery for wind and solar power application as well as smart grid application; speeding up the reclamation of disused battery to achieve both social and economical benefits; accelerating the development of motive battery applied in electric vehicle, including the development of lead acid battery, Ni-MH battery as well as Li-ion battery. Tianneng's three kinds of motive batteries applied in e-cars, e.g, 6V-180AH, 12V-120AH and 120-150AH, which are certificated through the examination of industrial authority organization.

About Tianneng

Tianneng Power International Limited, which was founded in 1986 as a collective enterprise, is a motive battery producer in China. At its beginning stage, Tianneng Power primarily produced emergence power source and starter battery. In the 1990s, Tianneng Power engaged in the production of lead-acid batteries used primarily in electrical bikes on account of the booming electrical-bike market in China, and began to expand in the market under the brand name "Tianneng." Since then, Tianneng batteries have become more and more popular with its revenues soaring. The company then concentrated on the production of lead-acid batteries. Tianneng has now become the largest motive battery producer in China. In June 2007, Tianneng was listed in Hong Kong.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.

Media Contact:

Riona Jin
Corporate Communications - China
P: +86 21 5407 5836
M: +86 139 169 87828
E: riona.jin@frost.com

SOURCE Frost & Sullivan

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