Great DD by Kazi thanks for putting in the hard wo
Post# of 12541
It is refreshing when some one post DD that makes you more confident in your investment then before it posted.. Thanks
Notice not one Fox Ess manufacturing site listed or that going to be listed in the future for FoxEss will escape the US Tariffs.
Even those in Europe, Southeast Asia and South America. will BE OWNED by a Chinese company.
Meanwhile Fox ESS doesn't mention SNPW because SNPW will not be a FOX ESS company it will be a US manufacturer of rebranded Fox ESS batteries and inverters.
When the luxury vehicle company headquartered in Germany and a U.S. EV manufacturer want a Fox ESS batteries where do you think he will it from, one of Fox ESS many owned manufacturing facility where it will be subjected to a huge tariffs of a Fox Ess battery manufactured by a US manufacturing company that will be tariff free?
https://chinarept.com/upimage/affix/B.%20Glob...fering.pdf
page 223
Fantastic to know "For EV batteries, we have long-term cooperative relationships with automotive manufacturers," EV manufacturers in China and four of top five emerging EV manufacturers in China
page 223
Good to see that they are expanding "two joint ventures at Guangxi, Liuzhou (CHINA) with a wholly-owned sub-subsidiary of SAIC Motor (????) to build two production facilities"
page 218 -
Even better yet they have customer in the US all ready "" established vehicle company " a U.S. EV manufacturer" (I bet hey will prefer Tariff free batteries)
page 230
Nice to know they are in expansion mode "Our existing and planned production facilities are located in Wenzhou (China) and Jiashan in Zhejiang (CHINA), Foshan in Guangdong (CHINA) ,, Liuzhou in Guangxi and Chongqing,) (CHINA)
page 230
It make you feel like you made the right decision when you become a GLOBAL PARTNER to a company that is JUST STARTING TO expand around the GLOBAL :" We plan to establish production facilities i n regions such as Europe, Southeast Asia and South America."