JB and ZJMY Holding Co (JBZY)

[Navin R. Johnson]

Impact of ZJMY EV fleet swapping program:

https://www.smartcitiesdive.com/news/electric-taxi-fleet-shenzhen-china/545347/

95%, or 21K, of Shenzhen taxis are currently EVs and BYD is the primary make for these units. Now consider what Han Zhiming had to say regarding the viability of competitors in the charging station arena-

"Q: Do you have any competition in China, with same or similar concept?"

"A: Right now in China, Swapping station with our level there is none, zero. Earlier BAIC, including BYD, built some stations in Shenzheng, they are closed, because they used Israeli model, could not be commercialized. We break away from their model, make operator profitable. "

I have to believe BYD representatives were extremely interested in what Han had to say about the ZJMY charging station in Beijing this week!