JB and ZJMY Holding Co (JBZY)

[floridany]

How big is the EV battery swapping market in China?

According to CTO Han Jianfang's estimate, there are about three million commercial vehicles including taxi and hailing-sharing vehicles, which requires about 25000 standard size swapping station, plus back up batteries, total costs 14 million yuan for each station. The investment market alone will be mounting to 350 billion yuan, or roughly 50 billion USD. If the personal vehicles are included, the market will be way over one trillion yuan.

Right now many EV manufacturers are paying very close attention to ZJMY's Anyang swapping station, including BAIC, Dongfeng Nissan (https://en.wikipedia.org/wiki/Dongfeng_Motor_Co.,_Ltd.), Chery (https://en.wikipedia.org/wiki/Chery), and Haima Auto (https://en.wikipedia.org/wiki/Haima_Automobile). Some of them already have established strategical relation with ZJMY.

When Anyang swapping station model succeed, ZJMY will play a leading role in building swapping station and service network in China, and get a decent piece of the pie of trillion yuan.