JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Great Work as always Floridany! Maybe I'm reading too much into this but Chery has a new energy division that looks like it is becoming almost entirely independent of the main Chery company with focus on EVs and new technology.

The Chrome translation is a little questionable at times. This article is from November and wondered if you already read it Floridany? Maybe you could clarify some of the translation.


http://www.evcheshi.com/evcar/zizhu/776.html

I like how they are projecting 200,000 cars 2020. I take it you read bar charts right to left in China?

I like that they mention buses in the article, since as I understand Chery would be making the bodies for the ZJMY EVs.

Here is an excerpt with the shakey chrome translation:

Now the production of qualified Chery new energy harvest cooperative enterprise olive branch is also reasonable things, after all, for the strong new energy sector, both cross-border Dong Mingzhu or uproar of the Internet repairer are very optimistic. July this year, the shape of the conch for the production of qualified reasons to give up the acquisition of new energy Chery, the current production of qualified Chery new energy is clearly already a strong bargaining chip. Sun Weijian said that the current Chery new energy is talking about new partners, at the appropriate time will be disclosed. The
The acquisition of production qualification is not only significant for the new energy Chery, the same for the new energy market. The state open new energy production qualification application, is to China's new energy automotive industry to introduce "catfish", to promote the development of the entire industry. Sun Weijian said that Chery new energy in the future will be based on their own development and positioning considerations, to develop in line with the country's rapid development strategy, so that the market and Chery new energy to achieve mutual benefit and win together to jointly promote the healthy and orderly development of new energy markets.


I like that they mention new partners "at the appropriate time will be disclosed." Maybe Chery new energy will be a partner or ZJMY will acquire them? Chery would want ZJMY to be successful if they are building the car and bus bodies for the ZJMY EVs.

As we know we have support from the State.

What is this "Catfish" they speak of.

Do EV companies have to pass an application process to qualify for production as a state sponsored(subsidized) EV company? Looks like July has some significance here as well (unless that was talking about last year).

Ok maybe too many questions here to draw any conclusions.