JB and ZJMY Holding Co (JBZY)

[Spykes]

"China puts a stop to electric-car gold rush"

https://www.ft.com/content/891d8264-5016-11e7-bfb8-997009366969

Was this posted before? Considering China already produces most of the world's EVs via their established, huge car companies...does this company have a chance? Sounds like the gov doesnt want start-ups (aka this company) to succeed. Also it seems there's a ton of scam in the chinese EV industry in general :/

Warren Buffet made the big play in 2009; bought 10% of BYD Auto for 250mil (IIRC). BYD already produces tons of EVs.

Considering this company has no production line yet (they used Chery last year while making these prototypes). And they have no experience in auto production yet. jinbos background is multi-level marketing via eCommerce

it's going to be an uphill battle. i've watched it since june but not buying in yet.

what are your thoughts?