Youshouldsell no guess!!! ASAP!
Sentiment: Strong Sell
."...... In general, if the news is press release worthy, it might very well be considered material, and there should be an 8-K filed within four (4) business days of the occurrence of the event."
Btw- there was no 8K filed for the "Strategic Partnership" with Lishen announcement either
#$%$ people drivezoyte electric and BYD electrics on street,they have tags and our registered vehicles. People have been to China more times then you have fingers and toes...stop with your #$%$ it ain't flying here...
Nothing surprises me with this company,despite all the mission statements,supposed ethics policies change of exec mgmt. Company still makes rookie blunders and is non compliant as a public company
Hey mr SEC regulator when do you fine companies for not following FD regulations?
The real problem is that the gov't of China does not recognize ZAP Jonway as an automobile manufacturer and the Chinese consumers do not recognize ZAP Jonway as a quality product.
I think you may talking about high speed EV cars. That's Jonway's A380. There're different policies in local governments. They're limited what model of EVs allowed in different provinces get preferred. But the central government is trying to break the bars to be fair to all EV models. I think that's why Jonway is not selling E380 in China now, they're waiting for central government policy.
I'm not sure if low speed car can be exclude from 10% tax. But those low speed cars usually using older model batteries, it's not expensive to build.
That's what people using now in China. Low speed EV bike and low speed EV cars, they're pretty good for daily local use, for China have limited fuel car licenses, it becomes popular.
Interesting question since it is a "utv" at best it really doesn't qualify for any special treatment. This vehicle is shown on the demo zap put out being driven on the sidewalks and a special company track. Did you notice they didn't drive it on the street with other licensed vehicles....we noticed lol
So if the Urbee does not require a drivers' license or a license plate will it be considered for exclusion from the 10% purchase tax by the PRC? Or is this just another subsidy that ZAP Jonway vehicles will not be able to qualify for?
China will exempt electric cars from purchase taxes as part of expanded government measures to combat pollution..Authorities will exclude new-energy autos -- China’s term for electric cars, plug-in hybrids and fuel-cell vehicles -- from the taxes starting September 1 this year until the end of 2017, according to a statement posted on the central government website yesterday, citing a State Council meeting.
The sheep aren't getting any money from the PRC to get them Out of the hole they created for themselves. For new factories,advertising,sales,engineering, blame Wang for this debacle. Now with no promised reimbursement $$$ where all the promised profits supposed to come from to investors when there is tepid demand ,many fully funded competitors:Nissan,Toyota,Zoyte,Kandi,BYD,VW,FORD,GM etc...Suzhou doesn't begin to answer that question...
Jonway's Urbee are low speed cars, there're no subsidy. But low speed cars are more popular in China now, since it's cheap and don't need a driver license. See the news 6 retired old people driving low speed EV from Beijing to Tibet.
Plug-in electric vehicle sales stood at only 17,600 in China last year, comprising 14,604 pure electrics and 3,038 plug-in hybrids.
How many of those were ZAP Jonway electric vehicles?
Management at ZAAP can't provide one cause they Get NO REIMBURSEMENT from the PRC cause they are NOT car manufacturers.. despite all the BS they have been feeding you 'investor/gamblers/suckers'...