JB and ZJMY Holding Co (JBZY)

[floridany]

I just briefly read the article in original language. Here is what I got from it:

Chevy has a popular EV product on the market called "little ant", looks like the VW bug, with a range of 151km, one half of what ZJMY's 330KM EV car. http://www.pcauto.com.cn/nation/889/8897193.html

Chevy obtained a permit for EV production that is why they can produce EV for ZJMY.

Chevy says that they just retain 30% shares of the company. It will be very hard for JB to buy significant portion of this part of the company. Based on my understanding that the 100K taxi EV is for Beijing or neighboring city because of urgent requirement of replacing fuel taxi with EV taxi in Beijing city, it is reasonable to think that JB might look for partnership or buying shares in auto makers in Beijing for logistic reasons, for for finished cars and auto parts.


I don't smell catfish so I guess it comes from stinky web translator.