Straight from the Quarterly Report:
Products:
The Company is based in China and holds a number of Chinese pending patents and
pertaining to long lasting batteries ideal for use in electric automobiles. The Chinese electric
vehicle market – according to Bloomberg – became the world’s largest in 2015 with 507,000
cars sold, and is expected to reach 2 million vehicles by 2020. The Chinese government has
provided subsidies to help car makers achieve large scale production of electric vehicles, and has
encouraged taxi fleets and government agencies to use electric automobiles.
The company has developed a small, low-cost, fully automatic, multi-function
rechargeable car power plant recharge system. It is a new type of nickel-manganese multi-phase
lithium-ion battery: a new material system, a new process, the new battery structure, the energy
density per kilogram to 180W, 50% higher than the same specifications lithium iron phosphate
battery. JB has also developed a prototype SUV electric vehicle (“EV”) that is able to go up to
600 km (373 miles) on a single charge and is called the “Millet Ming Yang V3”.
I guess the press conference on Electric Vehicles was a misnomer and should have said EV batteries.
JB&ZJMY are launching vehicles in July. Expect to see wheels, tires, bodies, frames, windows, electric motors, batteries... all formed together into a nice looking vehicle.
Two guys won't be packing out a battery for the July EV launch. That would be awkward.
See my earlier post on Bus price point straight from the COMPANY website (very public information). They are planning to sell BUSES not just the battery.
I feel I am whipping a dead horse.
