Here is a copy of the speech at the signing Ceremo
Post# of 4081
Again, translation of the signing ceremony with Wang Jinlai, Han Zhiming, Han Jianfang, and Professor Fan discussing why JB & Zhong Ji Ming Yang were coming to the US Markets - and how the technology would change the world.....
Quote:
Host: Now I would like to announce the signing ceremony for the list in U.S of Jin BO, Zhong Ji Ming Yang New Energy Technology Co., Ltd is now begin, The headquarter of JinBO investment holding group headquarters locates in Shenzhen, and focus on high technology, mobile internet, and research and development of mobile intelligent terminal products. The mobile terminal intelligent product developed by the company won about nine technology patent of the state. It took 11 years to lay a solid foundation. Our company now has the operations center in so many provinces like Beijing, Shenzhen, Tianjin, Guangxi, Shandong, Zhejiang, Hebei, Guizhou, Chengdu, Liaoning, Shanxi, Heilongjiang, Yunnan, Jiangsu, and has more than 100 agents, and has more than 400 thousand terminal customer. The business is The business is based at home, projecting global. Our vision is to integrate relevant industrial resources and become the industry leading modern service new energy industry park investment operator. As a responsible company, we make efforts and contributions to scientific research and innovation of China's new energy industry, public utilities, such as culture, science and technology, education, conduct more public welfare.
CEO of Jin Bo Corporation: Good Morning, Ladies and Gentlemen. Today we are happy to gather in this Beautiful prairie, and join the new era, new trend, new opportunity finance summit. I believe that the bell of our company will be ringing in the near future in the Wall Street in USA. Lets us hand in hand and create brilliant.
Host: Under the fierce competition, and we really need to sit down and discuss how to integrate the platform strategy, jointly create the market channel, and access to the capital market. Now lets welcome Han Zhiming, the chairman of Zhong Ji Ming Yang New Energy Technology Co., Ltd coming to the stage and make a speech.
Han Zhiming: Good morning, ladies and gentlemen. I believe all of us learn lots of knowledge in the past few days from the training course, and our company is now become a Quasi-listed enterprise. We're going to go to Wall Street, and we're going to have to get our wealth through the power of capital. We are very pleased to have senior us brokerages to help our company go public. They are very professional. Just a moment ago Mr Frand told me that he welcome us to go public in the United States. Because we are engaged in the new energy automobile industry is a sunrise industry, the automobile industry, is the pillar industry of the national economy, plays an important role in the national economic and social development.
With the rapid development of our economy and the rapid progress of urbanization, the demand for cars will continue to grow for a long time to come, but the resulting energy strain and environmental pollution problems will be more prominent, speeding up new energy vehicles, which will effectively relieve energy and environmental pressures. For this reason, We will promote the upgrading of the automobile industry and foster new growth areas and new international competitive advantages.
Our company us the team of tsinghua university is to develop, promote and operate the core business of the new energy electric vehicle project. April 4, 2009, the National People's Congress congress shows the development of Chinese electric cars can't comply with the development of the western route, and should be based on its technology platform and the superiority industry, and foster strengths and circumvent weaknesses, out of our own road. Central high-level made to strengthen the electric car route and policy goals important instructions, and then we made up tsinghua university electric car project, launched on the development of the new energy electric vehicles.
In seven years, in the process of research and development, I tasted the hardship, taste the taste of the suantiankula, failed again and again, again and again disappointment, developing step by step, we finally broke the long plagued the industry at home and abroad last year many problems such as the battery life is not long, now the success of research and development to solve all the problems of our electric cars, let the car manufacturing costs drastically, realize the maximization of the profit of the car companies.
Supplied with charge carriers battery put in service, battery maintenance services, ensure the service life of batteries, reduced the work cost, make the owner won than gasoline-powered cars more considerate service, every time in electricity and charging only need one and a half to five minutes. As the charging operators have professional technology, the battery life will be greatly improved with the upgrading of the technology and the artificial maintenance.
Recharging operators will be a high-yielding industry. Because all the problem has been solved, so will enter a large-scale promotion space, make the car the maturity of rapid rise, here I ask you to support our product development, the leadership of the partners, all employees and agents to express our heartfelt thanks to you for.
Host: The company is confident that within five years, it will achieve the goal of producing 150,000 electric vehicles with an annual output of 1 million electric vehicles and become the first brand of electric vehicles in the world.
Now please welcome Mr Han Jianfang, the chief engineer come to stage and has a speech.
Han Jianfang: Now national strategies and policies support the electric car industry, so many companies make electric cars. So how to survive in such a fierce environment, is a very serious challenge and test to our enterprise.
China already has dozens of companies that make electric cars, but there are few truly influential electric car companies, many of which represent the brands of China's electric car companies.
There are not many Chinese electric cars that can run more than 200 kilometers, and some of those that have been developed can run more than 200 kilometers without actually going public. The most influential electric car company is now byd
Now let's analyze the technical routes of all electric vehicles. Japan's first nuclear-powered car, with a very short range, is more than 100 kilometers, and the Japanese think that's enough, because they think it's driving to work and getting off work. Many companies in China like to imitate the nissan glide electric cars, more than a dozen domestic automobile enterprises, less to buy 5 nissan glide electric cars, many will buy 12 nissan glide electric cars, bought after the comprehensive analysis of the plane, dig out, according to hoist used that create their own electric cars, until now is nissan glide knockoffs, but this imitation version is now not line, can no longer be accepted by the market, because the battery can only walk more than 100 kilometers, so many Chinese companies are now giving up to imitate.
Electric cars are now three to four times as expensive as fuel cars, and that raises the question of the difficulty of getting electric cars without state subsidies. So I've seen some content on the Internet recently, and it's said that electric cars are rubbish. Although we are very disgusted with this assertion, this statement is generality, but also the key of electric car. The key is the range is short, have the range of mileage more? Yes, but the range is high, and the car is very expensive, not two or three times higher than the range of the car, but it's between four and five times as expensive. In other words, the length of the range and the low cost of the vehicle are not compatible. The other is that it's not convenient to replace the electricity. It takes hours to replace the electricity. The battery life of an electric car is serious, and many battery life is one to two years. As long as you use the battery, it always has a bad day. What if the car doesn't have a bad battery? Who will be responsible? Who will buy the order?
Then there is the safety issue, which was preceded by an electric car accident. So the security problem can't be solved, and electric cars will never be widely promoted.
There are two million taxis in China now, and the taxi market is so big that everyone wants to get a piece of the pie, but many electric car companies just fail in the taxi market. Reason is a lot of life is not so much as electric car companies boast, for example, said byd range can be 300 km, but many taxi as long as the open air conditioning, or an open central heating in the winter, found that only can run 100 kilometers. Another problem is the price, then your battery, let the taxi driver to take, simply can't afford to, must be international subsidies, subsidies but the country is only once, the battery is broken cannot subsidies.
Now many electric cars can only use one very bad method, namely guerrilla warfare, a city promotion, a shot to change a place. Many cities use electric vehicles more like making a show, using only a few cars to try electric cars, and will definitely not use most of the entire city and all of the cars for electric cars. So national promotion is very difficult.
What we're trying to do is pilot a city in a city that USES electric cars for the entire city, rather than a gun for other businesses. Therefore, China's electric vehicles must take the Chinese autonomous technology route, because we will follow the foreigners, we will go to the dead end, can not come out. Nissan has failed to run electric cars in Tokyo. Can we follow them out of the way?
Someone used a small battery to pull the car up, but the battery soon ran out, with a few dozen miles to run, a short range and a short battery life.
And NPC car batteries, battery life is very strong, can reach 500 kilometers, but there is a problem, the higher the ratio is the battery is not safe, to be equipped with 400 kilograms of cooling system, the cost is high. Battery owners know that the increase in energy density is inversely proportional to its safety. Samsung mobile phone explosion is the battery energy density because it is too high, you can think of, is the cell phone battery is so small can explode, if is the batteries of electric cars, that is the equivalent of thousands of mobile phone battery energy, once appear safety accidents, so what would be a result, so walk the road is absolutely not.
Our technical route is to use a lot of batteries to pull a very light car, not only running far, but not tired, the battery's load is very light. Our batteries have a lot of energy, and we use our unique motors. The batteries we use are low-temperature batteries, the temperature of our batteries is not rising at all, and the battery life has increased, the cost has been reduced and the energy consumption has gone down. We rely on a completely new technology system, which is why we win. We do not use batteries with low energy density and high energy density. We use high energy density batteries. Our endurance is about 500 to 600 kilometers, and we require that the battery pack should not exceed 25 percent of the weight of the entire car. Our electric car can guarantee very high energy conversion rate. We can run 120 to 130 kilometers per kilogram of battery, three times as much as other companies. We're replacing the battery for a minute and a half. The nissan lingfeng electric car is about 230,000 RMB, and our electric car is no more than 200,000 yuan, so we solved the problem of high price of electric car all at once. Our batteries are a lifetime quality assurance that no other company can ever do. Of course, our technology needs to continue upgrading, but the road has been opened and the light is in sight.
We consume 25% less electricity than our competitors. We are going to build a small unmanned substation to do technology and energy support for our cars. Power stations are not the first, but they are not successful because the technical route is wrong because they blindly copy Israel's technical route.
Our machine more than 50 kilowatts of power, can in the case of natural cold sealing, conversion rate reached 90%, the average efficiency is 94%, other competitors do not exceed 80%, automatic sealing cold also reduced the power of fan and water pump. So our car can achieve a series of ultra high performance indicators.
Now many companies want to cooperate with us, want to learn and make use of our technology, so the technology in the future we are open, also is likely to become the third generation of electric vehicle technology, that is to say, we still have a chance to be the mentor and the godfather of electric cars. So we have to fight against the clock and compete with our direct competitors.
Host: Now, Professor Fan has been invited to give a speech on the stage, and professor fan has helped many companies go public.
Professor Fan: It's a great pleasure to be here today. Why do companies go public? What are the benefits of going public? It is not easy to save money, but it is easy to say, you know it is easy, you don't understand it is very difficult, the so-called master lead the door, practice in the individual. If you get rich with people, you're screwed. America's capital markets are the grandfathers of the world's capital markets. One hundred percent of our capital markets are studied in the U.S. capital markets. The capital markets are priced by underwriters, investment Banks and financial advisers. We know that China has a geely automobile, geely automobile car with a $1.5 billion merger wowow, it didn't spend a penny, because it is a listed company, it find a company to do a financial adviser.
Benefits of listing:
1. Magnify the value of enterprise assets.
Only public companies can become great companies, and going public is to magnify the value of assets. A billion dollar assets, it's likely to become a billion, maybe even a billion
2. Improve the liquidity of enterprise assets. If you don't have a listing, you can save one piece per share, so if you go public, you can get 50 pieces, 100 pieces, $1,000, $10,000 per share.
Companies that are not listed are illiquid and can sell things, but not necessarily high. A listed company is actually a cash cow, shaking the money and falling down. So what do you do with all that money? To get so much money is to buy an asset, which is to buy it. The first thing many listed companies do when they go public is to make acquisitions.
Host: Now, Wang JinLai, the chairmen of Jin Bo Corporation has been invited to give a speech on the stage.
Ladies and gentlemen, I would like to express our heartfelt thanks and warm welcome to all of you at noon. Now the economic situation is grim and the business is difficult to do, but it is not completely impossible, there is no way out, the key is to have a good way. These days of training have mastered how to build great companies. Many people wonder why the meeting was chosen at ordos? Reason is that according to the perspective of the history of China's war in the north from the south direction, not a is a success, the success of all, from the north from the south to play, so I chose to start from the north. Our mission is to build one of the greatest companies in the world. I need to summarize the path and experience that has been passed by our predecessors and look at the growth trajectories of all successful companies in China and abroad.
Wang Jinlai: All the great companies have correctly chosen a good industry that fits the big trend of the future in the beginning stage of his career, so that he can make the most of his achievements and succeed in the future. When choosing an industry, our company must also meet the future development trend. We need to build a huge ecosystem around a core, so that it can be a world-class company. We develop mobile intelligent terminal to win the customer's warm welcome. We also made the 100 episodes of MAO zedong's documentary which enhanced the visibility of our enterprises. We also made the film "red youth" with the pearl river film studio, which was strongly supported by the government. We've also done the ghost valley, which will be officially open this year. We also have webcast. Each of our investments, every project, or not involved, will seize the commanding heights of the industry as long as we step in.
The new energy car is the future development direction, we are ready to invest heavily, we will introduce the latest high technology, I must do big and strong. The first thing I want to do is to make sure that we do well in the real estate industry. Second, we have to have finance. If there is no finance, it will not continue, because the continuous development of enterprises needs cash flow. We must develop finance vigorously. We also have good business logic and business planning. I believe that as long as we continue to improve ourselves, constantly summarize and improve, we will be able to become a world class great company, thank you!