JB and ZJMY Holding Co (JBZY)

[Tengri]

How much impact will Chery alliance have on financials?

Soon see the results of DD we all found over a year ago..

ZJMY partnered up with Chery (dba Kaiwing) to develop an electric SUV with operating range 500 kilometers, and 60 kilometers constant speed range of 640 kilometers. It is currently the longest-running electric car in the list of new energy vehicles of the Ministry of Industry and Information Technology.

The electric SUV adopts a battery charge-and-change combination system. To meet the continuous operation of the system, the establishment of a charge-and-sweep operation company led by ZJMY has started the construction of a change station in Tianjin, Henan and Wuhu. Three cities operating as model cities.

The car has entered the mass production stage and is applying for a catalog of new energy vehicles. It is expected to be listed in July next year, and the price will be 288,000 yuan.

The target group of the Chery Kaiwing V3 electric vehicle is private car users and online dating car users. At present, it has signed an intentional order of about 100,000 vehicles with a car company in China.

http://www.glzh.net/h-nd-56.html#_np=158_647 (From Dec 2016)

P.S. Back of the envelope..

288,000 yuan = 45,125 dollar

$45K per car x 100,000 order = $4.5 billion revenues

.. Wonder how much of a cut ZJMY has received for supplying batteries and support systems to this multi-billion dollar alliance!

Probably not billions, but perhaps tens if not hundreds of millions.