JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Tesla building China factory a rumor news says. Good news for JB&ZJMY imo.

I do get PMs btw, I just can't respond.

http://news.cnev.cn/Info_95620.html

Rumors are finally broken in clarification.

The latest news shows that Tesla's official response, Tesla is working with the Shanghai municipal government to explore the possibility of establishing a local automobile manufacturing plant, Tesla will continue to assess the potential factory site.

This means that the fact is not the same as the media reported the first week ago.

June 20, the media quoted Bloomberg news that Tesla has reached an agreement with the Shanghai municipal government, Tesla's first Chinese factory will be settled in Shanghai Port Development Zone. The news came out, then detonated friends circle.

Two days later at noon, the news about the construction of Tesla in China to upgrade again. (Hereinafter referred to as the "Electric Group"), which will be linked to the Shanghai Electric (7.570, 0.00, 0.00%) Group Co., Ltd. (hereinafter referred to as the "Electric Group"), Set up a joint venture news.

However, the story was a big reversal in the evening.

That evening, Shanghai Lingang Holdings issued a clarification announcement; the next day, the electrical group followed, issued a clarification announcement. Both deny and Tesla cooperation matters.

At this point, "Tesla in China to build factories," the issue of cooperation to the current object and the factory is still undetermined as a final outcome.

Tesla would have to do a joint venture to build factory in China, and own less than 50%!

Here is an excerpt from the interesting article:

Tesla's troubles

However, a number of interviewed industry insiders said that although the situation in China to build factories, but Tesla's choice is not easy, it has become its "trouble."

"It is not a compromise company, so it is not easy to adapt to China's joint venture policy," said Tesla, who has never been finalized. "Liu Qi said.

The truth is true. According to China's relevant policies and regulations, Tesla and other foreign investment and investment in China need to cooperate with at least one Chinese partner, and the proportion of foreign ownership shall not exceed 50%.

In Liu Qi view, obstruct Tesla construction of the problem there are three. "First of all, it does not want to joint venture with state - owned enterprises; In addition, the local government 's preferential conditions are not satisfied; the same time, financial constraints, can not afford the world' s second factory, these three issues, in fact, very realistic, not speculation.

"Tesla to accept a joint venture with state-owned enterprises, and then in the brand with a local brand bundled (such as SAIC, Dongfeng Honda, Beijing Benz), this thing itself is difficult." Liu Qi, for example, the company with China How the national conditions are incompatible, from three years ago Tesla in the day cat two eleven engage in promotional activities, and then by the US headquarters of the emergency halt can be seen.

"Imagine a challenge to the traditional automotive industry rules of the emerging electric car brand, with a Chinese state-owned joint venture, which is not only Tesla tail tag what the word, it is a series of challenges Tesla principles and bottom line problems. "With the cooperation of state-owned enterprises, Tesla will lose its exclusive rights and its personality will compromise, which may be unacceptable to Elon Musk," he said.

In fact, in addition to choose the right Chinese partner is a headache, in the preferential policy access, but also a enough to make Tesla trouble.

For example, according to the relevant provisions of the policy, the use of China's domestic production of batteries is required to apply for new energy qualification conditions.

"Tesla's body can be made, this is no problem, car glass, seals, seats, sound insulation materials can be purchased from the domestic." Liu Qi introduced, "But, only the most critical battery pack, can only take SKD Because the batteries of the batteries, only Tesla Nevada super factory in production, in other words, the factory is' a water for the world ', Tesla can not purchase China' s local battery type.

This means that in China to build factories, if you continue to use the super battery factory production of batteries, Tesla is not get new energy qualification, more difficult policy subsidies.
...


Also a couple of events upcoming JBZJMY probably will attend.

To promote the development of new energy vehicles in the market development process, the establishment of users, operators, vehicle companies, supporting the closer ties between the business, July 29 , the new energy automotive industry alliance will be held in Hangzhou, Zhejiang Province.

The meeting will also hold the 2017 China Green Logistics Supply Chain Industry Summit . Invited the outstanding representatives of the whole industry chain, to discuss the new background and the situation, the new energy logistics car industry how to face the pressure and challenges of subsidies such as land reclamation? How to better play a new energy logistics vehicles in the city distribution of the advantages and status? How to deal with the relationship between vehicle companies, operators, end users?