JB and ZJMY Holding Co (JBZY)

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Tianneng power -Jinbo- Here's the Factory Deal: 1.6B Yuan....

https://www.google.com/amp/m.scmp.com/business/companies/article/2053696/bicycle-battery-maker-tianneng-power-broadens-focus-include-power%3Famp%3D1

Dec 11th 2016
Bicycle battery maker Tianneng Power broadens focus to include power cells for green cars
Hong Kong-listed battery maker Tianneng Power set to open 1.6 billion yuan facility to build lead-acid battery cells for green vehicles

Tianneng Power International, the mainland’s largest maker of lead-acid batteries for electric bicycles, will expand production of batteries for electric cars in a bid to tap the country’s fast-growing environmentally friendly vehicle market.

The company became the latest major industrial player to unveil its ambitions of tapping the mainland’s “green” car sector amid Beijing’s push to protect the environment.

“We are determined to expand in the presently untapped segment,” Chen Minru, senior vice president of Tianneng, told the Post. “There’s a huge potential in the market and Tianneng has to rev up the expansion pace.”

The new production facility in Changxing will have an annual capacity of 15 million kilovolt-ampere-hours and is expected to generate sales of 6 billion yuan a year