PowerGenix Hires Chinese Director

San Diego-based PowerGenix, a manufacturer of rechargeable, Nickel-Zinc (NiZn) batteries, said today that it has hired a managing director for its Asian operations. The firm said that Dr. Xu Gang, who the firm said is a leader in the Chinese Lithium-ion battery industry, will head up its Asian operations. Xu was most recently at Tianjin Lishen Battery. PowerGenix is venture backed by Advent International, Angeleno Investors, Bessemer Venture Partners, Braemar Energy Ventures, DFJ Element, GGV Capital, OnPoint Technologies, and Technology Partners.