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Saturday, July 01, 2017 3:54:47 PM
With Jinbo's assets and connections it is unlikely that JB&ZJMY needs funding for bus production. Some may be concerned with the crowdfunding part. Obviously, JB&ZJMY is a business and can't hand out buses that are around $400,000 a piece for free.
Could Jinbo finance the bus manufacturing? Sure, I believe so. However I think they want JB&ZJMY to be self-sustaining. Jinbo is pushing the entrepreneurial spirit in China with the internet/E-commerce/online payment business segment. I also believe they are trying to give financial opportunities for the locals in China, a way to keep some $ within the country. Again, win-win scenarios.
If JB&ZJMY wanted to fund all the buses, they could just post a company PR for DOLV (JB&ZJMY) showing a few hundred thousand orders and the price would go up to dollars imo. That does not seem to be how they run the business. They don't seem like they want to siphon off too much money off of DOLV investors for running the company (probably will some, but are keeping many other funding doors open). Their goal is Nasdaq.
I see the actual financing job as working with local governments, municipalities, larger industries and maybe even individuals to provide funding for the free public buses. From my understanding, the financing is not a charitable donation, as the job posting states a "signed revenue agreement."
I see it as investors(cities, local govs) help pay for the buses, sign a revenue agreement and then receive investment income until they are paid back some multiplier of the initial investment (maybe 10-20%). Some of the revenue could come from the battery swap stations imo, with other revenue from EV orders. JB&ZJMY wants to get Evs and buses on the ground and create residual income fro themselves as 1000's of EVs and buses come to swap out their batteries daily. Batteries will be leased,or there will be a payment before each battery swap. Remember the battery swap demo video where people swipe their credit card on Jinbo's point of sale, online payment system (ironically), and then get the battery swapped.
Residual income is how many millionaires become and stay millionaires. They can easily pay off their bus investors and then have all the money they need in a few short years.
I don't see it as an actual 100,000 bus order, but as a company target for the person who gets the financing job. Correct me if I'm wrong.
https://www.zhipin.com/job_detail/1412173228.html?ka=job-8
Description of job
10 million [100,000 translated by Flo] public service bus, the basic salary. The commission is calculated at 10% of the aggregate level. There are financing, p2p, fixed investment, funds, projects and other customer base priority. The company ensures that the investors are safe. (Five times the purchase of goods, signed a revenue agreement, the equivalent of pledged pledge and other multiple protection.) To ensure that all financing managers and investors to invest in investment safety and investment income.
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