JB and ZJMY Holding Co (JBZY)

[NoWayJones]

I did not see one of the Long Star low speeds. We were not in close proximity to the factory, even in Anyang. They aren't currently building high speed cars there yet, but ZJMY still has a 10% equity stake in the company, so they are still deriving revenue from the low speed production. The primary focus of the company at this time is to get the first swap station fully open, and then reproduce it many times over.

Here you can see this, this is from qichacha.com:



I did see the Chery Cowin high speed that they built for the company, and yes, I saw it drive. Remember, that one has been daily driven for a couple years now.

Here are some photos of that car. I think some of you will remember it because of the TRD stickers that some folks found sort of funny. I'm not sure if the young kid that drives it put those on there or if it came to them like that. For a long time I thought this was a one-off build that Chery had produced a few of for ZJMY to do R&D work on. It turns out that this was actually a gas job that they retrofit with their technology, which I assume is also why it is a manual transmission, or at least the shift linkage is still in place. In the future ZJMY still has plans to produce these on a large scale. You can see it's actually a pretty roomy car inside despite having a relatively modest exterior footprint. This should make it a winner over there, and maybe even in other markets in the future.





Interior:




I took some pics of the engine bay area too because in the past some people tried to assert that there was in fact still a gas engine in it. You can see here there is not, and it bears the dirtiness of some years of use in a dusty climate.




The car they had there for the swap demo was a BAIC EU300. It is important to note that there are 3 major manufacturers working with ZJMY and utilizing their battery design currently. They are BAIC, Dongfeng Nissan, and Chery. Chery is, at least in part, state-owned. The EU300 is a popular car for fleet services in China.

Here is a snap of the swap station I took on my way in:


Here are a few videos of the swap station. The first one is from several months back, Chairman Han sent it to me when I inquired about the progress of it. As you can see, at that time there was a lot of work still left to do. They didn't even have the swap equipment prototype in the building yet at that time.

For a few months earlier this year, the government in that region placed a ban on outdoor construction due to the dust it caused because of a dry season. Because of that, they were unable to resume construction until I believe April 15th. Now that they've been cleared to resume, the construction is wrapping up very quickly. These next 3 videos are just from within the last few weeks.

Few weeks ago:

This one was during my trip, I took it myself:

This one the company just sent me a couple days ago, you can see they've even made progress in the less than a week since I was there.

I do have a video of the inside of the station and the swap process too, however the company asked me not to publish them just yet as they would like me to wait until they have finished installing the equipment. The swap equipment and the delivery system that transports the batteries both have undergone some design revisions since they originally started testing them, as is to be expected with brand new technology. They are hoping to have all of that completed within a month or so.

Something else to note, because of the multitude of partnerships they have with the auto makers, they have to be able to service several different models of car. You'll notice there are 2 swap bays on the front of the building. Each one of them will be equipped to handle different model cars. The battery design is standard but the location isn't necessarily going to be.

Also, before anyone accepts some of the nonsense I have seen, let me post a few more pics from my trip over there to dispel any doubts any of you have:

Boarding passes:


Return boarding passes, and the plane ticket to Jiangsu Province:


I know the last leg isn't there from IAD to SYR, but that's because my 16 month old destroyed it since I was dumb enough to leave my bag on the floor when I got home.

Ticket for high speed rail from Jiangsu, room key envelope from the Beijing Zhongle 6 star hotel I stayed in while in Beijing (yes, you can google it):


Admittance tickets from some of the cultural sites I visited with ZJMY President Huo and Professor Han Jianfang:


The day I arrived:


The second day and our first meeting in the conference room at ZJMY HQ (sorry it's a little blurry, by the time I noticed we weren't there anymore):


The day we went to Jiangsu province for the business meeting:


The guy on the left is Professor Han for anyone who has never seen a picture of him before. You will see him on zjmy888.com.

That about covers it for now. Any questions?