ABAT touted a massive $85,000,000-dollar opening of its plant in Dongguan and was hyped in United States and Chinese media at the time.
Prior to ceasing operations, ABAT's scooter line contained numerous models and prototypes,[7] which were re-branded and sold under many brands such as Jinan Qingqi, Lynx, Ecobahn, Wuxi Huina and several others.
Other distributors and re-sellers are found in The Netherlands, Slovenia, Czech Republic, Italy, Turkey, India, and Singapore.
[8] In March 2011 anonymous bloggers who, by their own admission, stood to gain if ABAT's stock price declined, accused the company of fraudulently misrepresenting its business interests – pointing out discrepancies between Advanced Battery Technologies filings with the Securities and Exchange Commission and China's State Administration of Industry and Commerce, while also questioning the reliability of distributor relationships and related party transactions.
[11] While no fraud was ever proved, and a formal rebuttal was issued, the company failed to file its third quarter 2011 financial statements and was subsequently de-listed from trading on the NASDAQ exchange.