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Folks, no need to panic. The TA made a (HUGE) error updating the Authorized Shares today. In fact, the Authorized Shares have been reduced down to 500 million instead of an increase to 500 billion shares. Just go to the Wyoming SOS page for Ecoplus, Inc for the correct number of authorized shares which is 500 million. A HUGE decrease of shares from 100 billion authorized shares: https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=216189113100097139066005037201169196160161204079
And, here's a response from Synergy Management to me confirming that TA made an error today updating ECPL share count.
"I don’t lie or put out information that is incorrect. I have filed and submitted everything properly. Check the state sos. It is all public knowledge. They (TA) obviously put it in incorrectly and I’m sure they will fix it as soon as they can. I brought it to their attention."
https://imgur.com/XEFfQk0
PVDG NEWS: Poverty Dignified, Inc. Soon To Be VirExit Technologies, Inc. Partners With The Medical Wellness Association
Wednesday, April 14, 2021 9:02 AM
Share this article now
Topic: Partnerships
VirExit will use MWA's sourcing and expertise to endorse select products with respect to their safety in all categories
RICHLAND, WA / ACCESSWIRE / April 14, 2021 / Poverty Dignified, Inc. soon to be renamed as VirExit Technologies, Inc. (OTC PINK:PVDG) has partnered with the Medical Wellness Association (MWA) and the Family Hygiene Institute to professionally review and endorse products used for safety and hygiene.
As a diversified company that is launching their Safer Place Marketplace for both business and consumer safety and hygiene products, VirExit Technologies has partnered with MWA to ensure all products found on the Safer Place Marketplace have a full certificate of review.
"We understand the importance of hygiene and safety during this difficult time," said James C. Katzaroff, President and CEO, Poverty Dignified, Inc. "Our team has researched and studied the real impact of removing harmful airborne weapons from our environments. In partnering with the Medical Wellness Association, we are ensuring that all products on our Safer Place Marketplace will carry their third party, independent seal of approval. This is simply another way we can look out for our customers, our families, and our world."
The Medical Wellness Association review will ensure that all products sourced by VirExit enhance safety, in all categories, for all users, whether at home, at work, travelling, or in a school environment. Having the MWA Certificate of Review is akin to a "Good Housekeeping Seal of Approval" but in the medical, wellness, and safety spaces.
NOTICE REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements that include the words believes, expects, anticipate or similar expressions. Such forward-looking statements involve known and unknown risks, and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
About Poverty Dignified, Inc.
Poverty Dignified, Inc. (PVDG) is a diversified company with ownership of Sun Ovens, Inc., a company that decades ago, pioneered solar oven technology and produces, markets, and sells solar ovens and accessories. In 2020, PVDG acquired the registered brand, VirExit Technologies, Inc., along with other related intellectual property owned and developed by Patrick Netter. The VirExit brand pioneers innovative, effective, ethical, and safe products within the antiviral space. Also, during 2020, PVDG purchased Safer Place Technologies, LLC, whose purpose is to create a primary sales and marketing platform as a vertical online marketplace. This new acquisition seeks to provide a single source for buyers and sellers of protective products and services which resonate with the VirExit mission statement: Making the world a safer place with innovative, ethical and effective technologies. PVDG is anticipating a name change to VirExit Technologies, Inc. in the near future. For investor relations information please contact investorrelations@virexit.com.
About The Medical Wellness Association
The Medical Wellness Association promotes and integrates professional development of medical wellness programs, professionals, products, facilities and services. As the premier organization for medical wellness professionals, the Association provides proven expertise in leadership, education, guidelines, best practices and advances the integration of health promotion, medicine and wellness. More information is available at www.medicalwellnessassociation.com.
CONTACT
Brooke Greenwald
240-360-0866
Brooke@cornerstonepr.net https://www.accesswire.com/640323/Poverty-Dignified-Inc-Soon-To-Be-VirExit-Technologies-Inc-Partners-With-The-Medical-Wellness-Association
Great post SPORTYNORTY, thanks for sharing. Mods, could you please stickie SPORTYNORTY's post, thanks!
Another 844000 big block buy at .016. ZHUD Looking good here.
Nice 896500 block buy at .0153 at 9:44 am. The bottom is in. PAUL market maker bidding as well. ZHUD
Government of Canada announces major steps in treating and preventing COVID-19 through vaccines and therapies
https://www.canada.ca/en/innovation-science-economic-development/news/2020/08/government-of-canada-announces-major-steps-in-treating-and-preventing-covid-19-through-vaccines-and-therapies.html
News release
August 5, 2020 – Ottawa, Ontario
The Government of Canada is aggressively pursuing the purchase and development of COVID-19 vaccines, treatments and related supplies to protect Canadians and is working to strengthen Canada’s biomanufacturing sector. This includes engaging with international and domestic scientists and with businesses and manufacturers that are stepping up to fight COVID-19. The Government of Canada is investing in projects that will position Canada at the forefront of the global race to find a treatment and a vaccine for COVID-19, while building domestic capabilities to fight future pandemics.
The Honourable Navdeep Bains, Minister of Innovation, Science and Industry (ISED), and the Honourable Anita Anand, Minister of Public Services and Procurement (PSPC), today announced several measures being taken by the Government of Canada to secure a future supply of COVID-19 vaccine and therapies.
Minister Bains unveiled the members of the COVID-19 Vaccine Task Force, who are advising the Government on how best to support vaccine research in Canada and help ensure Canadian leadership in vaccine development, related bio-manufacturing and international partnerships to secure access for Canadians to safe and effective products.
The Vaccine Task Force includes vaccine and immunology experts, as well as industry leaders with a proven ability in developing and commercializing vaccines. The co-chairs are Joanne Langley, Head of Infectious Diseases at the IWK Health Centre in Halifax and Professor in the Department of Community Health and Epidemiology at Dalhousie University, and J. Mark Lievonen, former President of Sanofi Pasteur Limited in Canada.
Task Force members have reviewed vaccine and bio-manufacturing applications from domestic candidates for which it has provided advice to the ministers of ISED and Health on the most promising options aimed at providing Canadians with safe, effective vaccines as soon as possible, as well as a robust manufacturing sector to increase secure access to vaccine production. The Task Force has also provided scientific and technical advice to the government on a portfolio of leading international vaccine candidates.
Minister Anand announced that, following the careful review and recommendation of the COVID-19 Vaccine Task Force, the Government of Canada has entered into two agreements with Pfizer and Moderna to secure millions of doses of COVID-19 vaccine candidates. Pfizer will supply its BNT162 mRNA-based vaccine candidate, while Moderna will provide its mRNA-1273 vaccine candidate. All potential vaccines will require Health Canada regulatory approval prior to being used to vaccinate Canadians. Active negotiations with other potential vaccine suppliers are also under way.
The Government is negotiating and signing agreements with a number of leading pharmaceutical companies to establish a guaranteed supply base of potential vaccine candidates.
PSPC is also procuring the equipment and supplies that will be needed to perform the final manufacturing and packaging stages of vaccine production in Canada, as well as the materials needed to support safe, efficient immunization such as syringes, needles, alcohol swabs and other supplies.
In addition, following the recommendation of the COVID-19 Vaccine Task Force, Minister Bains announced an investment of up to $56 million to support clinical trials for a COVID-related vaccine candidate from Variation Biotechnologies Inc. (VBI) through the Strategic Innovation Fund. VBI’s project is in direct response to the global fight against COVID-19 and contributes to Canada’s ability to secure an effective vaccine. This investment is funded from the Government’s $600 million to support COVID-19–related vaccine and therapy clinical trials led by the private sector and to support Canadian bio-manufacturing opportunities. Other projects are still under consideration.
Minister Bains also announced the members of the COVID-19 Therapeutics Task Force. The Therapeutics Task Force is providing expert advice to the Government on the development of COVID-19 treatments, including how best to prioritize financial support for promising COVID-19 treatment projects. The Task Force includes experts drawn from research and industry who have a proven ability to develop and bring new therapies to market in Canada. The Therapeutics Task Force is co-chaired by Nancy Harrison, Director and Past Chair of LifeSciences BC, and Cédric Bisson, Partner at Teralys Capital.
From the beginning, the Government has worked across all departments and agencies to meet the challenges posed by COVID-19 with the goal of protecting the health of all Canadians. Today, the Government also announced investments that will help support the development of and access to treatments for COVID-19, including:
Support of more than $3 million for Nova Scotia-based IMV Inc. to advance clinical development of its vaccine candidate for the prevention of COVID-19 infection. This support is being provided with contributions from the National Research Council of Canada Industrial Research Assistance Program and the Next Generation Manufacturing Canada Supercluster.
Support of more than $19 million in funding through the Natural Sciences and Engineering Research Council of Canada (NSERC), in collaboration with the Social Sciences and Humanities Research Council of Canada (SSHRC) and the Canadian Institutes of Health Research (CIHR), to leverage the expertise of researchers in the natural sciences and engineering and their partners across Canada to address this unprecedented crisis. This investment will support 369 COVID-19 research projects, including work related to vaccines.
Quotes
“The Government is committed to protecting the health and safety of Canadians. That’s why we are working hard on all possible fronts to deliver safe and effective treatments and vaccines against COVID-19 for Canadians as fast as possible. Guided by the expertise of these task forces, which has informed the VBI investment announced today, we are leaving no stone unturned in exploring every promising option to enhance our research and development capacity for long-term emergency preparedness.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Industry
“Since the beginning of the pandemic, we have been working diligently to secure the necessary personal protective equipment and supplies needed to protect frontline healthcare workers and combat COVID-19. While that work continues, we are now squarely focused on preparing Canada for an eventual vaccine. Given intense global competition, we are taking an aggressive approach to secure access to the most promising candidates so that we will be ready to vaccinate all Canadians as quickly as possible. We are extremely pleased to establish these agreements with Pfizer and Moderna. Canadians can rest assured that the Government will continue to do everything possible to keep them healthy and safe.”
– The Honourable Anita Anand, Minister of Public Services and Procurement
“Canada has flattened the curve, but COVID-19 remains dangerous without a vaccine. Over the last months, our government has been investing to fight this virus. We have been committing important funding toward research and preparedness to develop a vaccine and treatments. Today’s announcements will build on the work already started to support COVID-19 research in Canada and will give us more chances of having a vaccine and treatments.”
– The Honourable Patty Hajdu, Minister of Health
Quick facts
On April 23, 2020, the Government of Canada announced more than $1 billion in support of the Plan to Mobilize Science to fight COVID-19 that includes developing vaccines, producing treatments and tracking the virus. This includes $600 million through the Strategic Innovation Fund to support COVID-19 vaccine and therapy clinical trials led by the private sector, as well as to support Canadian biomanufacturing opportunities. The Strategic Innovation Fund contribution to VBI is part of this plan.
This investment in VBI is part of the Government of Canada’s ongoing commitment to protect the health and safety of Canadians and to Canada’s economy. This investment will help create and maintain up to 30 full-time jobs.
The COVID-19 Vaccine Task Force, with a secretariat supported by the National Research Council of Canada, is mandated to provide advice to the Government of Canada on developing and producing COVID-19 vaccines.
The COVID-19 Therapeutics Task Force, supported by a secretariat housed at Innovation, Science and Economic Development Canada, is mandated to provide advice to the Government of Canada on COVID-19 therapeutics.
At this time, there are no vaccines authorized for the prevention of COVID-19, but there are many in clinical trials or in development. For each candidate vaccine, once additional studies have been completed, Health Canada will review evidence of safety, efficacy and manufacturing quality to make a decision on whether the individual vaccines will be approved for use in Canada.
The Vaccine Task Force will be in place for at least twelve months, and the Therapeutics Task Force for at least six months, subject to extension at the discretion of the Government of Canada. Both task forces meet regularly as needed.
Public Services and Procurement Canada, the Public Health Agency of Canada, Health Canada, and Innovation, Science and Economic Development Canada are working together, along with the COVID-19 Vaccine Task Force, to prepare for the procurement of COVID-19 vaccines and related supplies.
As active negotiations with other potential vaccine suppliers are under way, the Government of Canada cannot disclose contract details at this time.
Pfizer is a biopharmaceutical company involved in the discovery, development and manufacture of health care products, including medicines and vaccines.
Moderna is a biotechnology company focused on the discovery and development of medicines and vaccines made of messenger RNA.
Revive Therapeutics Just Became A Serious Player In The Race To Treat COVID-19
$RVVTF - Revive Therapeutics Just Became A Serious Player In The Race To Treat COVID-19. https://t.co/rF8gcaXEBj #economy #finance #stocks
— Seeking Alpha (@SeekingAlpha) August 5, 2020
bb, you are a mod. Can you please stickie the post? Thanks.
This link should be stickied. Can one of you mods sticky this post? Thanks!
Do you have a screenshot of the conversation? Thanks.
IGEN News: Statement of Changes in Beneficial Ownership (4)
IGEN CEO Chan Neil Gene bought five hundred thousand shares on 4/8/20 and one million shares on 4/9/20 in the open market.
http://ih.advfn.com/stock-market/USOTC/igen-networks-qb-IGEN/stock-news/82212192/statement-of-changes-in-beneficial-ownership-4
Awesome. Thank you!
Nice post. Could you please post the screenshot of the email? Thanks!
New Tweets: $MSPC has received approval from OTC Markets to file its financial statements as a Current Information Company and this have the “Stop” signed removed from the quoting system #uptick #otcqx #undervalued
5:55 AM - 15 Mar 2018
$MSPC has received approval from OTC Markets to file its financial statements as a Current Information Company and this have the “Stop” signed removed from the quoting system #uptick #otcqx #undervalued
— Metrospaces (@metrospaces) March 15, 2018
$MSPC is on track to meet its goal of becoming current with its financials #uptick #otcqx #Stockstowatch
— Metrospaces (@metrospaces) March 15, 2018
Bingo!
The company tweeted a couple of minutes ago:
"SkyFidelity engaged today with two large prospective residential building companies seeking quotes for WiFi and Smart Home applications for over 1600 condominium units. Successful CES show is starting to drive the visibility of the SkiQ as well as our Smart Home solutions!"
SkyFidelity engaged today with two large prospective residential building companies seeking quotes for WiFi and Smart Home applications for over 1600 condominium units. Successful CES show is starting to drive the visibility of the SkiQ as well as our Smart Home solutions!
— SkyFidelity, Inc (@Skyfidelity) February 1, 2018
FWIW, another tweet from PKGM a few minutes ago:
Now this is VERY interesting: https://t.co/l7vFVIsXo4
— Supplement Group (USA), Inc. (@GenTechHoldings) February 1, 2018
I love the weekly Wang JBZY
Verification Long JBZY
People need to realize that 95% of Chinese internet users use mobile devices to surf the internet. Thus, the reason why the logos have been photoshoped for a better view, as mobile users wouldn't be able to see the logo as well if the logos weren't enhanced.
https://www.emarketer.com/Article/More-than-95-of-Internet-Users-China-Use-Mobile-Devices-Go-Online/1015155
China Use Mobile Devices to Go Online
Mobile internet population in the country surpasses 695 million
February 2, 2017 | Advertising & Marketing | Mobile
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Mobile devices have almost completely conquered the internet landscape in China. According to the China Internet Network Information Center (CNNIC), 95.1% of internet users in the country used a mobile device to access the internet in 2016.
Mobile Internet Users and Penetration in China, 2007-2016 (millions and % of internet users)
The CNNIC, which released its annual “Statistical Report on Internet Development in China” in January 2017, found that mobile internet users in the country totaled 695.3 million last year—a figure that’s more than double the US population.
The CNNIC estimated the total number of internet users in China at roughly 731 million in 2016, up from around 688 million a year earlier. But internet use still has a long way to go before it reaches the penetration rate seen in more developed countries. According to the CNNIC, 53.2% of China’s population now goes online.
Looking at the US by comparison, eMarketer estimates the US will have an internet penetration rate of 83.7% by the end of this year.
China will likely see strong internet adoption in rural areas over the coming years. According to data from the National Bureau of Statistics China, just over half of the country’s population lived in urban areas as of the end of 2015. These city-dwellers make up a highly disproportionate element of internet users; the CNNIC’s data showed that 72.6% of internet users in China live in cities, with the balance residing in the countryside. However, internet adoption by those in rural areas has been slow.
Several companies have dedicated significant resources to hasten the adoption of the internet in rural China with an eye toward developing an even larger user base. For instance, Alibaba has launched an initiative called “Rural Taobao,” which looks to establish “service centers” in 100,000 villages over the next few years. These centers provide far-flung villages with internet access and a computer.
—Man-Chung Cheung
No problem DOGONE. I hope another mod could stickie his post then.
Nice. Could you please also stickie montana's latest post as well, thanks!
Thanks for sharing!!! The business cards misspelling of power(porwer) and the webaddress of the company prove that the new website is legit!!! Mods, please stickie this post, thanks!
300,000 Production NEWS is posted on the new website!!!
Zhongji Mingyang New Energy Technology Co., Ltd. and Qintang Qintang People's Government signed a strategic cooperation framework agreement
Recently, Zhongji Mingyang New Energy Technology Co., Ltd. signed a strategic cooperation framework agreement with annual output of 300,000 high-speed and new-energy automobile projects with Guantang District People's Government of Guigang, Guangxi Province. The estimated total investment of the project is about 1.5 billion yuan, covering about 500 acres, all built and put into operation, the annual sales of about 15 billion yuan, annual tax of 500 million yuan.
http://zjmyqc.com/newsShow.asp?id=3491
JBZY's new website is finally running during the market hours: http://zjmyqc.com/index.asp#1F The new website was never up and running during market hours until this morning. I think the company is ready to release the kraken!
China Has Shut Down Up to 40% of Its Factories in an Unprecedented Stand Against Pollution
by Science Alert on October 25, 2017 11918
Peter Dockrill
IN BRIEF
China has begun to severely crack down on factories that have been flouting their emissions regulations. The country has shut down 40 percent of its factories to battle the immense pollution levels in the nation.
China is in the midst of an all-out blitz on polluters flouting emissions standards, closing tens of thousands of factories in a massive effort to address the nation’s catastrophic pollution problems.
Estimates of the crackdown suggest as much as 40 percent of China’s factories have been temporarily closed by safety inspectors, with officials from more than 80,000 factories charged with criminal offences for breaching emissions limits over the past year.
The months-long campaign coincides with China announcing this week at its Communist Party congress its plan to cut the concentration of hazardous fine particulate matter (called PM2.5) from 47 micrograms per cubic metre in 2016 to 35 micrograms by 2035.
“It will be very difficult to reach the goal, and we need to make greater efforts to achieve it,” environmental protection minister Li Ganjie said at an event on Monday.
China’s modern efforts to tackle domestic pollution date back to 2013, when the nation announced 10 measures to clean up the country’s air, including reducing emissions from heavily polluting industries by 30 percent by the end of 2017.
To help hit its targets, China has ramped up factory and power plant inspections in the past two years across several provinces, to make sure thousands of companies aren’t breaching emissions laws.
“[B]asically, you’re seeing these inspectors go into factories for surprise inspections,” supply chain consultant Gary Huang from 80/20 Sourcing told NPR.
“They’re instituting daily fines, and sometimes – in the real severe cases – criminal enforcement. People are getting put in jail.”
The moves – which could carry with them the risk of harming China’s strong economic growth, despite the government’s claims otherwise – won’t just result in bluer skies.
It’s hoped that by cracking down on polluters, China will also see cleaner water and enjoy a vast range of ecological benefits – plus of course, breathe easier.
“For those areas that have suffered ecological damage, their leaders and cadres will be held responsible for life,” said deputy director of the Communist Party’s Office of the Central Leading Group on Financial and Economic Affairs, Yang Weimin, told The New York Times.
“Our people will be able to see stars at night and hear birds chirp.”
In previous winters, city officials have been directed to enforce closures for only a few weeks at a time, but with 2017’s end-of-year targets just months away, China is shuttering polluters at a rate Li calls “unprecedented”.
“These special campaigns are not a one-off, instead it is an exploration of long-term mechanisms,” Li announced this week.
“They have proven effective so we will continue with these measures.”
What this means for the industrial sector in China moving forward beyond 2017 isn’t yet exactly clear.
Power plants and factories are still adjusting to the new, unflinching enforcement of the environmental regime, and while thousands of companies are experiencing hardship right now, many think the industry will adapt with better, smarter, and safer ways of doing business that ultimately don’t endanger Chinese air – or the planet as a whole.
“It’s a huge event. It’s a serious event. I think many of us here believe it will become the new normal,” exporter Michael Crotty from China-based MKT & Associates told NPR.
“The consumers of China don’t want red and blue rivers. They don’t want to see grey skies every day.”
https://futurism.com/china-shut-down-factories-stand-against-pollution/
China Hastens the World Toward an Electric-Car Future
By KEITH BRADSHER OCT. 9, 2017
https://www.nytimes.com/2017/10/09/business/china-hastens-the-world-toward-an-electric-car-future.html?smid=fb-nytimes&smtyp=cur
SHENZHEN, China — There is a powerful reason that automakers worldwide are speeding up their efforts to develop electric vehicles — and that reason is China.
Propelled by vast amounts of government money and visions of dominating next-generation technologies, China has become the world’s biggest supporter of electric cars. That is forcing automakers from Detroit to Yokohama and Seoul to Stuttgart to pick up the pace of transformation or risk being left behind in the world’s largest car market.
Beijing has already called for one out of every five cars sold in China to run on alternative fuel by 2025. Last month, China issued new rules that would require the world’s carmakers to sell more alternative-energy cars here if they wanted to continue selling regular ones. A Chinese official recently said the country would eventually do away with the internal combustion engine in new cars.
“We are seeing ourselves at a crossroads in the development of the automobile industry in this country, with a global scale in mind,” said Jürgen Stackmann, Volkswagen’s top executive for VW brand sales and marketing, during a visit to Shanghai.
China has reshaped industries before — clothing, steel making, even lace — through a potent mix of government support and cheap labor. More recently it has transformed green-energy businesses like solar and wind power.
If China succeeds — and there is no guarantee — Beijing’s policy makers will be front and center reimagining the global auto industry, a business that has helped define communities, industries and people’s aspirations for more than a century. It is a role that was almost inconceivable just a few decades ago, when China was more closely associated with a different type of green transportation: the black, classic Flying Pigeon bicycle.
China feels it has little choice in pressing forward. While it is true that electric vehicles fit neatly into China’s plan to become the world leader in sci-fi technology like artificial intelligence, the country also fears a dark future — one where its cities remain cloaked in smog and it is beholden to foreign countries to sell it the oil it needs.
Beijing’s Third Ring Road in a heavy haze in 2014. China is pushing ahead with electric cars, but nearly three-quarters of the country’s power comes from coal, which emits more climate-changing gases than oil. Credit Jason Lee/Reuters
Already, China is the world’s largest maker and seller of electric cars. Chinese buyers are on track to snap up almost 300,000 of them this year, three times the number expected to be sold in the United States and more than the rest of the world combined.
The country’s market heft is considerable. China buys more General Motors-branded cars than Americans do. Even for Tesla, the still-small American maker of luxury electric sedans, China has become the second-largest market, even though China’s taxes on imported cars are 10 times as high as those in the United States. Tesla officials have said they are considering opening a factory in China.
A week ago, G.M. and Ford unveiled plans to add a combined 33 electric models to their lineups. Global manufacturers like G.M. and Volkswagen are also moving much of their research, development and production of electric cars to China. China in turn is pressuring them to share that technology with their Chinese partners.
Behind the scenes, China is recruiting some of the world’s best electrical engineering talent, even in the United States. China is also home to many smaller companies that make the parts essential to assembling electric cars. All this comes just as electric cars are finally starting to become competitive with gasoline- or diesel-powered cars on performance and cost.
Electric cars are an increasingly common sight in cities like Beijing, Shanghai and Shenzhen. For some drivers here, electric cars are all they know.
“I don’t plan to buy a gasoline car, since I heard they are going to be banned for sale,” said Xiong Jianghuai, a lawyer based in Shanghai, who has bought two made by Chery, a Chinese automaker. He said he was delighted that the operating cost was less than one-fifth of the cost of buying gasoline, even if the initial purchase price was a little higher.
“I think the future lies in electric cars,” Mr. Xiong said.
Many outside China — including some members of President Trump’s administration — say China is using unfair government support to create national champions that could eclipse their rivals abroad.
“In China, the entrepreneurs in the industrial sector are very lucky, because we have the foundation” from the government, said Li Bin, the founder and chairman of the NIO Company, a Chinese electric car manufacturer. “These opportunities are rare or impossible in any other country in the world.”
China’s ability to dominate electric cars is not ensured. China’s auto manufacturing skills are considerable, but it has yet to create a single car model that has become popular abroad.
Even in China, most car buyers still prefer Fords, Chevrolets and Volkswagens largely made by government-mandated joint ventures between global and Chinese companies. When it comes to electric cars, most Chinese models are inexpensive and boxy, unlike the sleek lines and looming falcon-wing doors of Tesla’s latest models.
Chinese officials have long called for electric cars to be practical, and not just luxuries.
“The central government has made a lot of strategies for the development of new energy vehicles,” said Song Qiuling, a deputy director at China’s Finance Ministry. “That is why we have seen the progress and development of new energy vehicles.”
Some players have already stumbled. Faraday Future, an electric car company based in the United States but owned by a Chinese company, scaled back after its parent hit hard financial times. China yanked electric-car subsidies away from a number of local companies after an investigation last year showed that many were overstating sales.
The environmental benefits may be tough to realize any time soon. Nearly three-quarters of China’s power comes from coal, which emits more climate-changing gases than oil. Even on electricity, China’s cars are still burning dirty.
Customers waiting last week in the showroom of a car dealership selling electric vehicles in Beijing. Credit Gilles Sabrié for The New York Times China is also favoring battery electric technology that it can call its own. Foreign automakers already control much of the advanced technology behind fuel-sipping alternatives such as plug-in hybrids, like the Toyota Prius, which runs on both gasoline power and an electric battery.
Still, electric cars make particular sense in China. China’s dense and crowded cities often mean shorter driving distances, while its extensive high-speed rail system reduces the need for long-distance road trips.
Han Tao discovered the limits of electric cars the hard way. A 35-year-old stock investor in Beijing, he said he ran out of charge in July while driving to Shenzhen, 1,300 miles away. His Chinese-made BYD E6 electric sedan needed a tow.
Still, he said, he and his wife prefer the E6 over the gasoline-powered Chevrolet Cruze they bought four years earlier.
“It doesn’t have the oily smell and the noise from the engine,” Mr. Han said. “It accelerates way faster than gasoline cars. It feels like you are on a high-speed train.”
China’s push for electric cars shows how its industrial ambitions can endure big political shifts. China named a former Audi engineer, Wan Gang, its minister of science and technology in 2007, and he has kept the position and maintained the push despite the emergence of a new slate of Chinese leaders.
Wen Jiabao, China’s second-most-powerful official as premier from 2002-12, was an avid supporter of electric cars who came from Tianjin, the center of China’s battery industry. Mr. Wen’s successor as premier, Li Keqiang, has also turned government backing for high-tech industries into his signature accomplishment, while President Xi Jinping has strongly endorsed the effort.
“The development of new energy vehicles,” said Xu Chaoqian, a top aide to Mr. Wan, “has received a lot of support from President Xi, Premier Li and others.”
Follow Keith Bradsher on Twitter, @KeithBradsher.
Ailin Tang in Shanghai and Adam Wu contributed research from Beijing.
Excellent DD synopsis about Long Star and ZJMY connection. This post should be stickied and saved for future reference. Great job Stock Farmer!
Yes indeed! Great job guys!
Wow this is HUGE!!! If you guys could combine the two posts and merge into one, plus other DD useful info, that would be great! Thanks!
You can download WeChat app from iOS or Android. Then add Zhong Ji Ming Yang as one of your new contacts.
Zhong Ji Ming Yang news from their WeChat account today:
https://mp.weixin.qq.com/s/nZoPK6SBB0JWYVCxV8cUZA
Translated to English: https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Fmp.weixin.qq.com%2Fs%2FnZoPK6SBB0JWYVCxV8cUZA&edit-text=&act=url
Electric Cars Reach a Tipping Point
By David Fickling
Sep 10, 2017 10:40 PM EDT
Say goodbye to gasoline.
The world's slow drift toward electric cars is about to enter full flood.CHINA'S SHARE OF WORLD AUTO MARKET1/3China, one-third of the world's car market, is working on a timetable to end sales of fossil-fuel-based vehicles, the country's vice minister of industry and information technology, Xin Guobin, told an industry forum in Tianjin on Saturday. That would probably see the country join Norway, France and the U.K. in switching to a wholly electric fleet within the lifetime of most current drivers.
https://www.bloomberg.com/gadfly/articles/2017-09-11/electric-cars-reach-a-tipping-point?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
Great stuff!!!
I just want to point out that people need to stop complaining about the photoshopped logos. It's pretty clear that these were meant to be viewed on mobile devices, thus the need to enhance the logos for viewing. BTW, 95 percent of internet users in China are on mobile.
"As of December, 2016, China had 731 million internet users. That figure represents 53.2 percent of China’s population, meaning that it is almost on par with the population of Europe: 743 million people. But, perhaps more impressively, 95 percent of internet users are on mobile; that’s 695 million in total. That means that, for the first time, half of China’s 1.4 billion population use the internet on a mobile device." https://techcrunch.com/2017/01/23/china-internet-half-population-mobile/
That's what I am talking about. As I said the photo was intended to be viewed on mobile device, thus the logo being photoshoped for clarity. If you have done your DD, you know these cars are legit whether the logo is photoshoped or not on this particular photo.
the photos were intended to be viewed on mobile devices, thus photoshoped for clarity.
Thanks for confirming that the letter is LEGIT!!!