Advanced Battery Technologies to Ring the NASDAQ Opening Bell

Market Wire, May, 2008

Advanced Battery Technologies, Inc. (NASDAQ: ABAT) today announced that ABAT management will be ringing the opening bell on the NASDAQ on Friday, May 2, 2008. Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. Advanced Battery Technologies, Inc., products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices.

Mr. Zhiguo Fu, Advanced Battery Technologies Chairman and CEO, said, "As we head into the historic event of the Beijing Olympics, we are pleased to be ringing the NASDAQ opening bell. Hosting our previously announced cultural exhibit at the Beijing Olympics will be a world-class forum for us to display our battery's capabilities."

About Advanced Battery Technologies, Inc.

Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. The Company has a New York office, with its executive offices and manufacturing facilities in China. For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: http://www.abat.com.cn .

Safe Harbor Statement:

Under the Private Securities Litigation Reform Act of 1995 this news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, risks that the results of future performance will not be consistent with the forward-looking statements, risks that the backlog will not be fulfilled due to reasons of either the Company or the customer, and the risks that the batteries of competitors receive better market acceptance than those of the Company's PLI batteries. We undertake no obligation to revise or update publicly any forward-looking statements.

Contact: John Tsemberides 44 Wall Street, 12th floor New York, NY 10005 (212) 400-2337 (917) 734-1524 john@informedir.com