We DO know from the filings that the cars were produced by a third party with OUR technology. You are correct about that. I misspoke. It is completely logical that this would be the way they would produce their prototype cars, prior to fullscale commercial production. No one builds a full scale production manufacturing site just for 3 cars.
The vehicles are not the main event right now, but more so the battery technology and battery swap stations. Imagine building a car before figuring out how they are going to get that car to move. The first thing to do is implement how these cars are going to be charged. Once they master the battery technology, and swap stations, the technology will then be released into the public for commercialization.
Do you think car companies just made a car and gas stations were a complete afterthought? No. Build the infrastructure to support the product. What they are doing is in the right order. It just takes time and a lot of government and corporate involvement.
In regards to Wang, the last filing clearly stated his involvement:
. Officers, Directors, and Control Persons
Names of Officers and Directors:
Wang DeQun
Chief Executive Officer (owns no common shares but owns 500,000 preferred shares).
Mr. Wang is the chairman of JB & ZJMY Co.,
In addition to the above, he is the controlling shareholder, President and sole director of the Company,
JB&ZJMY Holding Company (formerly Dolat Ventures, Inc.), which now serves as the holding company
for Mr. DeQun’s development stage company that focuses on the business of electrical cars and their
support systems. To date, the Company has produced prototypes, holds Chinese Patents, and anticipates
commercialization next year.
"The Company has developed a small, low-cost, fully automatic, multi-function rechargeable car
power plant recharge system. 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”. To the date of this report, the Company has sold three cars that were
manufactured for the Company by an unrelated third-party manufacturer. The Company is attempting to
obtain a license from the Chinese government to sell electric vehicles domestically but has not yet
succeeded in obtaining the license."
