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If you could read Chinese and read their Chinese website you would know there is no Amperex at all: http://zhongjimingyang.com/.
I guess Richard does not read Chinese either and dont understand the meaning of Zhong Ji Ming Yang, taking whatever Chinese party gives to him.
You are welcome. Always willing to help fellow believers.
It is a translation error. Check Amperex website. It directly translated into "New Energy" in Chinese. For some reason, "New Energy" was translated back into "Amperex" by computer. I will call the company to improve their website English translation.
I did that for you with 3 millions. Took very long time to fill though.
ZJMY's Technology Started from Wuhu Huabao Electric Car Company based on this document: http://wenku.baidu.com/view/cbc57af36394dd88d0d233d4b14e852458fb397e.html?from=search
As of now, ZJMY owns 70% of this company and the original owner Mr. HAN Jianfang (who now is CTO of ZJMY), owns 29% of this company. But as of May 20, 2016 (from context of above article), HAN Jianfang owns 90% of this company. Mr. Han had a proposal to invite investment for a 330KM electric taxi car business proposal.
HAN Jianfang and his team has been working on the EV for at least five years and developed patented technology and solved four major bottleneck technical problems all EV companies face.
On November 17, 2016, WANG DeQun and Jinbo Investment Group bought 99% of ZJMY.
On December 2, 2016, WANG DeQun bought DOLV for public listing in the US.
On December 13, ZJMY debuted their EV at Hainan show.
What I want to say is those smart business people when they see a great business, they will grab it and push product to the market very fast. It looks like the whole process from Han Jiangfan's proposal to US listing took only about 6-7 mouths. Especially for WANG DeQun, his move only took two months. I'm sure he and hid business associates have done their DD before all of this actions.
We are lucky to land on a billionaire's boat. Let him make some money for all of us.
I believe their approach of starting with electric Taxi cars and electric buses is a good approach for their business growth. These types of vehicles have less emphasis on brand name but more more performance and cost savings.
We already see an opportunity of selling 80 electric buses to Bahamas. God knows how many of these types of business opportunity will knock ZJMY's door in the coming months and years.
TESLA on the other hand is more on the personal cars side of business. But because of its shortcomings against ZJMY's long distance ans safety, mass market will gradually accept the vehicles from ZJMY the dark horse in the industry.
If I'm in the EV industry being a competitor (e.g. TESLA), I either buy a piece of the company to grow with them, or buy them out if I have deep pocket.
Congratulations to those who did their DD, trust their DD, and stick to their faith.
There are more to come, much bigger than today. Those of us have done home work know what to come.
They went into the agreement on December 2, 2016, and finalized the deal on January 11, 2017. On January 3 during its annual meeting, they announced the US listing was in process. The CEO knew it was a done deal, but instead said it was in the process and should have result very soon.
ZJMY publicly stated that they have an order of 100,000 taxi EV. I believe this order is in their pocket now. This order alone will generate roughly $4 billion revenue.
They have three major events/channels to promote their EVs: the Road Show (http://zhongjimingyang.com/index.asp#page5), Hainan Rendez-vous (http://www.autohome.com.cn/news/201612/100085357.html), and Entertainment TV Programs (http://digi.163.com/17/0330/11/CGP7RK31001680NS.html).
Those events could generate more orders which we will find out later.
There are no many shares left. When I first bought at 0.0003, they gave me block of millions. Look at last few days and today, the offers on the ask were very tiny. It was very difficult to accumulate a few millions without causing disturbance of PPS. Can't believe we are up 250% on less than 100 millions.
We nailed it.
There is one issue with the PR: It directly took the computer translated English company name JiMing Yang Amperex: It should be Zhong Ji Ming Yang New Energy Technology.
I called the company when we uncovered the RM entity, complaining about the English translation. They said they would work on it. It might take some time.
I see people are looking into Amperex. This is not Amperex. This is battery/EV company.
I hope the follow-up filings and PR correct this issue.
Sure. Let me do some home work and get back to you.
How East Point Global Holding is related to 3Powder Energy Group?
There are so many experts here they already deliberated the pros and cons of RM. My understanding is that RM takes short time and costs less than IPO.
please let me know.
There are more facts:
6. HAN Zhiming was the majority owner of ZJMY before it was bought out by WANG Dequn. Among so many of Wang's business associates, HAN Zhiming is named officer in JBZJMY technology holding also points to the same conclusion.
7. HUANG Hua's appointment for US listing announced by Jinbo Investment Group and as an officer of Dolat as showing in myobiz.wy.gov unarguably points to the RM of Jinbo Investment Group into Dolat.
All the facts we know point to one possibility: JBZJMY going into DOLV first, then the rest might follow:
1. JBZJMY stands for Jin Bo Zhong Ji Ming Yang New Energy company. It is like winning a lottery ticket by random combination of Chinese characters comes up with that abbreviation.
2. JBZJMY technology holding registered at NVSOS.
3. JBZJMY is having roadshow for US listing and their EVs, which attracts media and competitions to validate their technology.
4. Jinbo CEO announced JBZJMY is in the process of going public in the US.
Yes. It looks like the most of his companies are in Shengzhen city, some are in Beijing.
With paid membership we can peek into all his companies.
Could you please pm your email? I will send you the graph by attachment.
There are much more companies than I previously thought owned by WANG Dequn.
http://www.tianyancha.com/company/2350754300?full=true
Please note that it might take some time for the computer to load the dynamic graph.
Just too many to count from this graph. The two yellow circles in the center represent WANG Dequn and ZENG Wenjing.
Business Plan of 330KM EV from Wuhu Huabao EV:
Wuhu Huabao is a subsidiary of ZJMY: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129923406
Found this piece of document from Baidu.com search: http://wenku.baidu.com/view/cbc57af36394dd88d0d233d4b14e852458fb397e.html?from=search
This is an undated file of Business Plan of 300KM Battery Swapping Electric Car Project, of Wuhu Huabao Electric Car Company, authored by HAN Jianfang. HAN Jianfang is ZJMY's CTO, and owns 29% of Wuhu Huabao.
Wuhu is an industrial city in Anhui Province: http://english.wh.cn/. Wuhu is not too far from Nanjing city.
This project is for 330 KM EV, before 500 EV. ZJMY has a 600 KM EV model still in development stage.
This business has several chapters: Project Summary, Company introduction, Research and development of main products, Industry and market, Marketing strategy, Product Manufacturing, Financing Explanation, and Financial estimation.
This article is too long and too technical for me to devour. Could someone here translate it chapter by chapter and upload to the board for sharing and discussion?
In the chapter of company introduction, they stated that Zhong Ji Ming Yang New Energy invested 69,000 RMB out of total 1909,000 RMB total assets. Based this statement, my guess this proposal was before ZJMY injected more money into Wuhu Huabao, and before WANG Dequn injected money into ZJMY. In the same chapter, the company stated that they were issued over 30 patents, of them 7 innovation patents, and more than 30 new patents being applied.
To be specific, it was January 3, 2017.
When I heard the CEO announced ZJMY's listing in the US was in procedure, I knew it was or was almost a done deal. This is how Chinese companies do business.
Yes. It is written on the wall.
One of Jinbo Investment Group's sub-company http://www.tianyancha.com/company/2349758851 listed on New Four Board (something like our otcbb) in China in June, 2016. This company is in online/mobile payment and processing business: https://vip.smaier.cn/
Jinbo CEO announced Zhong Ji Ming Yang (the EV company) was already in the procedure of getting listed in the US during 2016 annual meeting. Other two groups of companies were preparing or planning (intending) to be listed, as CEO stated.
HUANG Hua's appointment to facilitate US listing was announced during the annual meeting on Jan 3, 2107. On Jan 2, 2017, Zhongtou Jinbo Industry was registered. http://www.tianyancha.com/company/2990023943. HUANG Hua was listed as director in this company.
Jinbo is working toward uplisting smaier.cn to the main board in China.
Putting all these together, I'm confident that JBZJMY will be the first company to be merged into DOLV. Other companies might follow when they are ready. At the same time, some companies might be listed on different exchanges in China.
LU Wei and FAN Wenyi were introduced as distinguished guests during the annual meeting. Both LU and FAN are well experienced in bringing private companies in Taiwan and China. My opinion is that Mr. Lu was listed as a director because of his expertise in public listing, not necessarily his business will be brought into DOLV, but I could be wrong.
Some might think that JBZJMY is not big enough if the whole group is not into DOLV. The attractiveness of JBZJMY is its technology and the longest drive distance per battery charge among the competition. As Jinbo CEO stated, many companies at different sizes, some are national companies (company name starts with China), expressed interest in working with them. I assume money is not an issue, those companies could provide finance backing, or marketing and distribution. The one order known to us alone is 100,000 EV. In last year, China manufactured 39,270,000 cars. Even if ZJMY grabs one percent of production share, it will be about 400,000 EV, assuming each unit priced at 30,000 USD, that is 12,000,000,000 USD. Too many zeros, please check my math.
By the way, Mr. LU and Mr. FAN were together at Baitaochi.com website: http://www.taobaichi.cn/index.php/photo/index/g/c/id/3.html
The chief executive officer Mr. WANG Jinlai of Jinbo Investment Group had a speech at Jinbo's 2016 annual meeting in Hangzhou City on January 3, 2017. The video was generated by Jinbo's own media team. I don't know what you are talking about.
The CEO talked about having three listed companies in three years. ZJMY already enters the procedures of listing and will have result very soon. The second one is a group of companies in the area of ecommerce, smart phone, and online payment systems. This part of business is preparing for public listing. The third one is a baby formula company. This last one is in their plan of listing in three years. So naturally ZJMY will be the first one, which will be rolled into DOLV.
The words from CEO's mouth confirm that JBZJMY will go public first.
This new finding is nothing new , but corroborates our theory that JBZYJMY goes into DOLV.
This LU Wei might not be our LU Wei.
In the annual meeting address by CEO WANG Jinlai, the CEO introduced LU Wei by saying that Professor LU has brought his internet company to public in the US and at the same time the CEO mentioned Professor FAN Wenyi as special guest. In other word, LU Wei and FAN Wenyi are together at the meeting and they know each other.
We found LU and FAN were together at this event: http://lushang.sdnews.com.cn/zt/201603/t20160323_2056004.html
Mr .FAN:
Mr. LU:
Plus, Changchun Eco-power technology has nothing to do with ZJMY or Jinbo group.
Revisited Jinbo Group 2016 Annual Meeting Videos:
In this video at 11:03 they introduced Mr. HUANG Hua and announced his appointment for company listing in the US.
http://v.youku.com/v_show/id_XMTkyNzkyMDk0NA==.html?from=y1.7-1-102.4.19-1.8-1-2-18-0
In a separate video, http://v.youku.com/v_show/id_XMjUyMTk2NzIwMA==.html?spm=a2h0j.8191423.module_basic_relation.5~5!2~5~5!5~5~5~A, the CEO Mr. WANG Jinlai announced a few things in his final address to the meeting. Here are some points which I believe is pertained to our interest:
1. 14:34. Money-tree A9 smart phone is on the market. (Money-tree is my translation). The details can be found here: http://jinbojt.com/website/index.html
2. 17:39: Invited Mr. LI Nonghe as honorary chairman of the board. Mr. Li is the President of World Chinese Business Advancement Association. Mr. LI has extensive connections with businessmen and politicians in the world, especially chinese businessmen around the world.
3. 18:35: Discussed ZJMY's EV, comparing to BYD and Tesla. They have the most advanced battery technology and battery swap technology, through seven years of R&D with Tsinghua University. They believe that they are the technical leader of EV in the world.
4. 20:32: Their E-commerce platform subscription grows very fast.
5. 23:04: It took about ten years to build the foundation.
6. 24:04: ZJMY New Energy already started US listing procedures and will have results very soon.
7. Smart phone, anzipay, anzimall.com as a group is preparing for public listing. A baby formula company is also planning going public.
8. 28:00: Mentioned about their cooperation with LU Wei and his company.
9. 32:00: The CEO was talking about to have three public companies in three years. Since there are more than three companies involved, my understanding is that they will have three public entities within Jinbo group, not necessarily under one ticker or even one market.
This is the chief executive officer Mr. WANG Jinlai. I haven't heard any mentioning of their big boss in that video.
From what I read, they already have fund for expansion. National level companies (Company name starts with China, such as China Investment Corp, CIC) expressed strong interest in working with them, as revealed by Jinbo Group CEO during his 2016 annual meeting speech. The company wants increase its valuation and their financial backers. Situation over there is quite different from us, people or companies loaded with money are looking for opportunities to divest. If I have enough money I will beg them saying please take my money and make it bigger.
Sorry, my bad. It takes 90 SECONDS (one and half minutes) to swap a battery. My bad, didn't sleep much last night.
No. It is not charge time. After the car is positioned, the exhausted battery will be taken out and fulled charged one will be installed. All done mechanically by robot, not manually. This is their battery renting business model.
It was actually Jinbo Group's annual meeting. Jinbo is the parent company of JBZJMY.
I'm thanking you for asking the question about how much time it takes to swap battery. I went back to the ZJMY website and viewed the video again. At the end of video, it popped up links to the annual meeting videos.
To be precise, the CEO said that battery swapping takes 90 minutes, not two minutes.
There are a lot of information in that CEO's annual meeting speech. The most important message related to us is after 20:00. It was very late last night I hope I could have delivered the message in entirety and without personal opinion. Anyway, we are very lucky to find this jewel early before the mass.
I like their spirit of giving and hard work. The CEO mentioned that in their days of trials, some of their managers sold personal properties to pay salary for their employees. They are planning to build and support three hundreds of HOPE schools in poor areas in China.
You are a detective. Lets meet after the official announcement.
Because of noise I did not catch up the whole sentence. But I don heard that HUANG Hua is appointed for listing processing.
This was confirmed and elaborated in another video which is CEO WANG Jinlai addressing the 2016 annual meeting. http://v.youku.com/v_show/id_XMjUyMTk2NzIwMA==.html?spm=a2h0j.8191423.module_basic_relation.5~5!2~5~5!5~5~5~A
The CEO talked about ZJMY's 3rd generation EV's R&D history. It was the result of seven years of research and development by Tsinghua University and Collaboration with ZJMY. The new vehicle attracted many companies and investors, including national companies who want to work with Jinbo. This coincides with the formation of Zhongtou (CIC) Jinbo Investment Group in Jan 2017. He also mentioned that ZJMY is already in the process of preparing listing in the US. He also talked about their plan of 2017: There will be three groups of companies going public. My understanding is that there will be three different public entities, not under one umbrella. He said that the e-commerce and online payment companies are preparing to go public. Because of its distinctive business nature, i don't think this part of business will go along with ZJMY.
Tsinghua University if you never heard of it before, just think of it as China's MIT. http://www.tsinghua.edu.cn/publish/newthuen/
It is too late now, I will cover this video tomorrow if I have time.
From all these clues I say this: Jinbo is huge and the RM is real. If anyone listen to and understand the CEO's speech, and read all the DD we found so far, they should feel very fortunate to be in DOLV right now.
Above resource is also provided for Chinese investors as a starting point for DD.
In following video at 11:03 they announced HUANG Hua's appointment for US listing during Jinbo Investment Group's 2016 annual meeting in Hangzhou on January 3, 2017. Unfortunately due to the noise I can't hear the whole sentence.
http://v.youku.com/v_show/id_XMTkyNzkyMDk0NA==.html?from=y1.7-1-102.4.19-1.8-1-2-18-0
HUANG Hua is listed as secretary of DOLV at otcmarkets.com.
I'm still searching for the English name of the brand. I believe the electric V3 is produced under a brand with a "V" logo. http://image.baidu.com/search/index?tn=baiduimage&ct=201326592&lm=-1&cl=2&ie=gbk&word=%C6%E6%C8%F0%BF%AD%D2%ED&hs=2&xthttps=000000&fr=ala&ori_query=%E5%A5%87%E7%91%9E%E5%87%AF%E7%BF%BC&ala=0&alatpl=sp&pos=0
I saw somewhere saying it takes about two minutes to swap battery. It is not a manual process. It is done by a machine. You drive the car to a station like car wash and position it a equipment, battery will be swapped from the bottom of the car. I beleive you can find a demo video here: http://zhongjimingyang.com/index.asp#page5
Yes. That was March 28 morning 8AM in Beijing.