JB and ZJMY Holding Co (JBZY)

[INTHEKNOW1]

The Company is based in China and holds
six C
hinese patents pertaining to batteries 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 i
s
expecte
d 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 h
as developed a small, low
-
cost, fully automatic, multi
-
function rechargeable car
power plant recharge s
ystem. 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”.