Tuesday, April 11, 2017 5:51:44 AM
http://www.chinadaily.com.cn/business/motoring/2017-02/06/content_28111037.htm
First, since China is offering substantial subsidies for EV cars, the article talks about how China is clamping down on cheaters in the EV industry. They have already punished 7 companies.
The ministry said on Feb 4 (2017) that the seven carmakers attempted to falsely claim government subsidies with electric cars that were either unfinished or installed with battery cells that failed to meet their claimed specifications.
This is great news because ZJMY is coming to market after this "clamping down". Assuming our company does not want to be punished by the Chinese government, it makes sense that they must have evidence of their battery life. Not to mention we have found evidence that our parent company, JinBo, has affiliations with the Chinese government.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130334569
The article then goes on to say:
The blueprint has set a target for electric cars to run 300 kilometers on a single charge by the end of the decade and 500 km by 2030.
So what does ZJMY say it can do?
From ZJMY's Company Description
https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://company.zhaopin.com/CC270802835.htm&prev=search
Zhong Ji Ming Yang New Energy Electric Vehicle Research Institute After five years of scientific research has achieved fruitful results: run the furthest (currently 500 km, and 600 km of new cars will soon come out), running the fastest (145 km / The minimum cost of service, the lowest cost of service, the construction of high-density service system can be achieved, the company has the best cost of electricity, Profit of the small recharge station; the highest energy density (has reached 180w / h, up to 220w / h), security, multiple protection, low price, to ensure that 1000 cycles of life, to ensure that travel 300,000 km, low overall cost In the fuel car 30% of the power battery is extremely grouped, maintenance technology.
From ZJMY's CTO:
https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.21cnev.com/html/201702/774771_1.html&prev=search
At present, the electric vehicle 3.0 technology has been in the prototype of the test data have been verified in the battery energy density below 250wh / KG under the premise of the use of 3.0 technology has been developed conditions exhausted 600 ~ 700Km, the maximum battery 800 ~ 900km Of the electric passenger car, which is 3.0 vehicle integration technology to bring the results.
But here's the best part... we are already under way in production according to him:
But the production also in the vehicle after the announcement, about the second half of this year can be listed on the sale. Therefore, the electric vehicle 3.0 technology system is the key to unlock the chain, although it is still "diving", but from the full stage of the market stage has been far away.
All of my posts are my opinion only and are not meant to be investment advice.
