I can't remember when you first posted this Ilhabela, but I read through it before buying my first block of shares back around May 22(or the links contained in it, at least) I have referred to it several times since then. I know what I own and have been calculating proper valuation for this company since then, knowing they are following all the steps to take them to their stated goal. I am comfortable and confident in my position. I hope everyone, no matter what side of the fence they come down on feels the same.. and I REALLY mean that... I know where my sell target is, and it doesn't look like we'll be at that point anytime soon, but we will be much much higher than where we are now, VERY soon, imo...
Thanks You soooo much for compiling this. It has helped tremendously!!! I certainly appreciate your efforts!
Looks like Chery is taking Chery Cowin (Kay Wing) back under their wing (pun intended).
Kay Wing is an arm of Chery Holdings, founded in March 2014 as Wuhu Kay Wing Automobile Co., Ltd. It relies on Chery OEM. Kay Wing uses Chery's production platform. Kay Wing just calls the vehicles different names. According to the article, now Wuhu Kay Wing Auto (Kay Wing) will be coming back under Chery's direct control.
The article says the reasons for the return of Kay Wing to Chery "is not clear". I think it is abundantly clear to us. Chery put a lot of investment into the Kay Wing division and their sales are dipping. IMO, Chery is going try to revamp the slumping sales on the Kay Wing line by the partnership/OEM agreement with JB&ZJMY. JB&ZJMY will be(are currently) using Chery as an OEM to provide the V3 bodies and chassis (shells) and probably provide other shells too like the X3 or C3 in the future.Floridany has mentioned Chery will produce buses for JB&ZJMY as well.
Critical point in the form of a question from the article below V3 picture.
Why buy it? It is required by the government (Half taxis need to be EVs by 2020 (estimated 1 million EV taxis needed) and 12% of all cars produced in China need to be new energy vehicles by 2020). With JB&ZJMY using the SUV shell and making it a SU"EV", it fills the government's market demands and requirements for EV taxis and cars. The EVs are more expensive upfront from my research (Chery Tiggo Price starts at 93,900 yuan and ends at 150,900 yuan. Ours is 200,000 yuan after subsidies), but electricity and maintenance is much cheaper in the long term, making the EVs have a lower overall lifetime cost.
Most ANYTHING you would want to find about your investment... is within the links in this post. You just need to take the time to go through the multiple pages within each link.
Here are some links that will help those who don't know how to search with Chinese Characters or get the translations and search. It really helps to be using GOOGLE CHROME on a laptop or desktop PC as the ability to right click your mouse and do auto translate is wonderful.
Website/Blog from Taiwan China Urban Competitiveness Cultural Exchange Association, vice chairman: http://tinyurl.com/yctbp6gc
Our Company Logo (2-Tone Blue/Green, Bluer skies, greener grasses):
Richard Oravec in China. Richard was chosen by Wang Jinlai to help with the Reverse Merger of Zhongji Ming Yang New Energy JB&ZJMY into the DOLV shell. Anying Huang is the man second from the right of the picture. Now notice as well the man to the left of Huang. This is the same guy sitting next to Huang in the picture with Oravec sitting at the table below. Video footage from screen capture above http://v.youku.com/v_show/id_XMTU4MDQzMTE4NA====.html Video footage from screen capture above http://v.youku.com/v_show/id_XMTU4MDQ0MDkyNA====.html
Han JianFang (ZJMY Senior Scientist/chief engineer) left with Wang JinLai (CEO/President) of Jin Bo Group right. JB & ZJMY Holding Company, Inc. Han Zhiming President of Zhong Ji Ming Yang New Energy
Photo of the original all electric ZJMY prototype utilizing the Cowin/Chery C3 platform with ZJMY batteries/motor/drive electronics. Some V5's also in background
Some photo's of the Bahama Bus Meeting:
Some shots of the ZJMY/Cowin V3 SUV and ZJMY/Long Star V5 at Hainan Sanya's Haitian feast:
Photo's of the ZJMY Cheetah Police Patrol EV's donated to the Zhangjiakou Police force:
Photo's from the June 24th ASEAN One Belt One Road Conference and High-Speed Train Ceremony:
Photo's of floridany's trips to China to meet Wang Jinlai and Han Zhiming floridany behind the wheel of a brand new ZJMY V9 All electric Low-Speed vehicle in front of a Beijing Dealership