> China Bak Board Member & CTO Mao Huanyu’s Speech On May 15 in Beijing
> Event: China Energy Investment Opportunity Conference
> Time: 3:45 PM, May 15, 2009 Beijing time

> "Now China Bak is honored to declair it has just signed a contract for
> auto batteries. The preliminary arrangement is to deliver LiFeFO4
> battrey packs by the end of June 2009."

> Link:

> http://finance.jrj.com.cn/focus/nengyuan...

> Translation:

> http://www.worldlingo.com/SjGle6L45449J5mtph280uuFrw2n_8,Cb/msowin11?...

>>China will give 43,000 yuan ($6,300) in subsidies to buyers of hybrid car buyers in the southwestern city of Chongqing, the first state initiative for private cars, the Shanghai Securities News said on Friday.

> Maybe I'm losing something in the translation but it appears to me
> that this information took place back in early 2008.  I appreciate the
> translation from
> Chinese character to English but I like to see original communication
> for validation.  The best would be for CBAK to put official PR on
> their website.
> Hey, by all means, if they locked some deals - Bingo!  I'm all for
> it.  But I just am not sold into the speculation without true facts.
> Just like before when
> someone issued a "false" Chinese article on CBAK, CBAK issued a PR
> statement on their website to correct.  When I can see "original"
> communication,
> in English, then I will feel better and confident about what CBAK is
> really doing.  Until then, I think, all of us "experts" need to be
> patient.  If I'm missing something,
> please help me with clarification. ( I wish I could read Chinese ).

>>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> A second city in China, Chongqing, is also offering incentives: 36,000
> yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> 140,000 yuan.<<

> Good info- thanks for the follow thru-  I too saw the yahoo blog and
> followed the links. Was skeptical as well and wanted to see for
> myself. Pasted the characters into MS Word and used the "tools"
> feature to translate to english. A lot is lost in the translation-
> choppy sentences, etc. but I think the gist is there...which is good
> news for CBAK going forward. Just wanted to post here to share with
> everyone. Disclosure; CBAK is the largest position I currently own-
> been long for over a year now. Also own GRRF FTEK YZC for other China
> plays. GLTA!

> On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > A second city in China, Chongqing, is also offering incentives: 36,000
> > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > 140,000 yuan.<<

> Hey guys........after searching around, and reading all your posts,
> could you guys give me a summary of what exactly you think is going on
> with CBAK.........just want to see if I'm getting the same thing you
> all are.....thanks........

> On May 18, 8:23 am, stephanbrueck...@yahoo.com wrote:

> > Good info- thanks for the follow thru-  I too saw the yahoo blog and
> > followed the links. Was skeptical as well and wanted to see for
> > myself. Pasted the characters into MS Word and used the "tools"
> > feature to translate to english. A lot is lost in the translation-
> > choppy sentences, etc. but I think the gist is there...which is good
> > news for CBAK going forward. Just wanted to post here to share with
> > everyone. Disclosure; CBAK is the largest position I currently own-
> > been long for over a year now. Also own GRRF FTEK YZC for other China
> > plays. GLTA!

> > On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > > A second city in China, Chongqing, is also offering incentives: 36,000
> > > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > > 140,000 yuan.<<- Hide quoted text -

> - Show quoted text -

> Hey guys........after searching around, and reading all your posts,
> could you guys give me a summary of what exactly you think is going on
> with CBAK.........just want to see if I'm getting the same thing you
> all are.....thanks........

> On May 18, 8:23 am, stephanbrueck...@yahoo.com wrote:

> > Good info- thanks for the follow thru-  I too saw the yahoo blog and
> > followed the links. Was skeptical as well and wanted to see for
> > myself. Pasted the characters into MS Word and used the "tools"
> > feature to translate to english. A lot is lost in the translation-
> > choppy sentences, etc. but I think the gist is there...which is good
> > news for CBAK going forward. Just wanted to post here to share with
> > everyone. Disclosure; CBAK is the largest position I currently own-
> > been long for over a year now. Also own GRRF FTEK YZC for other China
> > plays. GLTA!

> > On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > > A second city in China, Chongqing, is also offering incentives: 36,000
> > > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > > 140,000 yuan.<<

> Well my thoughts, for whatever the going rate happens to be -

> CBAK is a major Chinese battery company that has been moving from a
> low margin/high volume cell phone battery replacement line into higher
> margin segments. It is benefiting from lower materials cost right now
> but its growth into those higher margin lines has been detoured by the
> global recession. As the East (and in particular) China emerges from
> the recession and laptop purchases tick back up there they will make
> better use of their production capacity and become quite profitable in
> short order. HP's announcement, whenever it finally comes (as they
> feel confident that China is coming back out the other side) will pop
> it up very quickly. When will it come? Who knows? But as I've said
> before - I do not want to risk missing that pop.

> So that's one reason to like the company - China's rapid growth has
> had a detour but laptop sales are likely to increase there again very
> soon and CBAK is in a great place to profit from that trend. This
> segment will be its driver for the next year or so at least, taking
> out the jumps up and down of day traders as news comes out and then
> their profit taking as others try to follow the momentum after the
> fact.

> Longer term is the attraction to the EV battery business.  If one
> believes that EVs (e-bikes, HEVs, PHEVs, EREVs, and BEVs all) are the
> major emerging auto line of the next decade or so (and I for one do),
> then there are only a few companies to play. Of course there are the
> big Japanese companies. You can, like Buffet has, buy some BYD.
> Advanced Battery Technologies (ABAT) has some real potential. ALTI
> isn't totally out of the EV market (but is a better albeit speculative
> play for its utility grade batteries). Valance (VLNC) is nice and so
> is EnerDel (HEV). But none is better positioned than CBAK to provide
> for vehicles produced in China by all makers whether for the Chinese
> domestic market or for other manufacturers who are looking for a
> reliable supplier for the global market. This will be the bigger
> segment over the moderate to longer term and will also be news that
> drives in the daytraders along the way. Including when a real official
> auto deal announcement is made in English media source with the auto
> maker named and amount of product contract elucidated. Hanging on
> through that volatility will be tough - has been tough - but it is
> easier than trying to outguess the speculators or predicting the news.

> Risks of this stock? Materials cost especially if higher margin lines
> do not materialize as quickly as we hope. Absorbing the cost of unused
> capacity while waiting for the high power business to take off. The
> risk that their technology will be eclipsed by better technology along
> the way or that they will fail to adequately compete with the big
> Japanese companies. Stock dilution if CBAK continues to raise funds by
> additional stock offerings. I have no idea how a return to the
> Shanghai market (a rumor expressed on Yahoo) would effect the stock.

> On balance I am convinced that it is a long term buy. And yes, it is a
> large position in my portfolio.

> On May 18, 1:20 pm, jfacci...@gmail.com wrote:

> > Hey guys........after searching around, and reading all your posts,
> > could you guys give me a summary of what exactly you think is going on
> > with CBAK.........just want to see if I'm getting the same thing you
> > all are.....thanks........

> > On May 18, 8:23 am, stephanbrueck...@yahoo.com wrote:

> > > Good info- thanks for the follow thru-  I too saw the yahoo blog and
> > > followed the links. Was skeptical as well and wanted to see for
> > > myself. Pasted the characters into MS Word and used the "tools"
> > > feature to translate to english. A lot is lost in the translation-
> > > choppy sentences, etc. but I think the gist is there...which is good
> > > news for CBAK going forward. Just wanted to post here to share with
> > > everyone. Disclosure; CBAK is the largest position I currently own-
> > > been long for over a year now. Also own GRRF FTEK YZC for other China
> > > plays. GLTA!

> > > On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > > > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > > > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > > > A second city in China, Chongqing, is also offering incentives: 36,000
> > > > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > > > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > > > 140,000 yuan.<<- Hide quoted text -

> - Show quoted text -

> Today's shareholder meeting announcement would tend to confirm the
> Chinese newspaper stories from 5/15.

> No specific company names, but still good news nevertheless.

> I would submit (again) that the risk here is not being long the stock
> when it makes its move to the upside.

> Still trading below Book Value- hopefully our patience will be well
> rewarded.

> GLTA!!!

> On May 18, 4:01 pm, rkseid...@gmail.com wrote:

> > Well my thoughts, for whatever the going rate happens to be -

> > CBAK is a major Chinese battery company that has been moving from a
> > low margin/high volume cell phone battery replacement line into higher
> > margin segments. It is benefiting from lower materials cost right now
> > but its growth into those higher margin lines has been detoured by the
> > global recession. As the East (and in particular) China emerges from
> > the recession and laptop purchases tick back up there they will make
> > better use of their production capacity and become quite profitable in
> > short order. HP's announcement, whenever it finally comes (as they
> > feel confident that China is coming back out the other side) will pop
> > it up very quickly. When will it come? Who knows? But as I've said
> > before - I do not want to risk missing that pop.

> > So that's one reason to like the company - China's rapid growth has
> > had a detour but laptop sales are likely to increase there again very
> > soon and CBAK is in a great place to profit from that trend. This
> > segment will be its driver for the next year or so at least, taking
> > out the jumps up and down of day traders as news comes out and then
> > their profit taking as others try to follow the momentum after the
> > fact.

> > Longer term is the attraction to the EV battery business.  If one
> > believes that EVs (e-bikes, HEVs, PHEVs, EREVs, and BEVs all) are the
> > major emerging auto line of the next decade or so (and I for one do),
> > then there are only a few companies to play. Of course there are the
> > big Japanese companies. You can, like Buffet has, buy some BYD.
> > Advanced Battery Technologies (ABAT) has some real potential. ALTI
> > isn't totally out of the EV market (but is a better albeit speculative
> > play for its utility grade batteries). Valance (VLNC) is nice and so
> > is EnerDel (HEV). But none is better positioned than CBAK to provide
> > for vehicles produced in China by all makers whether for the Chinese
> > domestic market or for other manufacturers who are looking for a
> > reliable supplier for the global market. This will be the bigger
> > segment over the moderate to longer term and will also be news that
> > drives in the daytraders along the way. Including when a real official
> > auto deal announcement is made in English media source with the auto
> > maker named and amount of product contract elucidated. Hanging on
> > through that volatility will be tough - has been tough - but it is
> > easier than trying to outguess the speculators or predicting the news.

> > Risks of this stock? Materials cost especially if higher margin lines
> > do not materialize as quickly as we hope. Absorbing the cost of unused
> > capacity while waiting for the high power business to take off. The
> > risk that their technology will be eclipsed by better technology along
> > the way or that they will fail to adequately compete with the big
> > Japanese companies. Stock dilution if CBAK continues to raise funds by
> > additional stock offerings. I have no idea how a return to the
> > Shanghai market (a rumor expressed on Yahoo) would effect the stock.

> > On balance I am convinced that it is a long term buy. And yes, it is a
> > large position in my portfolio.

> > On May 18, 1:20 pm, jfacci...@gmail.com wrote:

> > > Hey guys........after searching around, and reading all your posts,
> > > could you guys give me a summary of what exactly you think is going on
> > > with CBAK.........just want to see if I'm getting the same thing you
> > > all are.....thanks........

> > > On May 18, 8:23 am, stephanbrueck...@yahoo.com wrote:

> > > > Good info- thanks for the follow thru-  I too saw the yahoo blog and
> > > > followed the links. Was skeptical as well and wanted to see for
> > > > myself. Pasted the characters into MS Word and used the "tools"
> > > > feature to translate to english. A lot is lost in the translation-
> > > > choppy sentences, etc. but I think the gist is there...which is good
> > > > news for CBAK going forward. Just wanted to post here to share with
> > > > everyone. Disclosure; CBAK is the largest position I currently own-
> > > > been long for over a year now. Also own GRRF FTEK YZC for other China
> > > > plays. GLTA!

> > > > On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > > > > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > > > > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > > > > A second city in China, Chongqing, is also offering incentives: 36,000
> > > > > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > > > > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > > > > 140,000 yuan.<<- Hide quoted text -

> > - Show quoted text -

> Yes, good news, such as it is.

> Meanwhile BYD snags VW. [Wistful Sigh.]

> http://www.autobloggreen.com/2009/05/25/vw-and-byd-partner-up-for-ele...

> On May 26, 11:05 am, stephanbrueck...@yahoo.com wrote:

> > Today's shareholder meeting announcement would tend to confirm the
> > Chinese newspaper stories from 5/15.

> > No specific company names, but still good news nevertheless.

> > I would submit (again) that the risk here is not being long the stock
> > when it makes its move to the upside.

> > Still trading below Book Value- hopefully our patience will be well
> > rewarded.

> > GLTA!!!

> > On May 18, 4:01 pm, rkseid...@gmail.com wrote:

> > > Well my thoughts, for whatever the going rate happens to be -

> > > CBAK is a major Chinese battery company that has been moving from a
> > > low margin/high volume cell phone battery replacement line into higher
> > > margin segments. It is benefiting from lower materials cost right now
> > > but its growth into those higher margin lines has been detoured by the
> > > global recession. As the East (and in particular) China emerges from
> > > the recession and laptop purchases tick back up there they will make
> > > better use of their production capacity and become quite profitable in
> > > short order. HP's announcement, whenever it finally comes (as they
> > > feel confident that China is coming back out the other side) will pop
> > > it up very quickly. When will it come? Who knows? But as I've said
> > > before - I do not want to risk missing that pop.

> > > So that's one reason to like the company - China's rapid growth has
> > > had a detour but laptop sales are likely to increase there again very
> > > soon and CBAK is in a great place to profit from that trend. This
> > > segment will be its driver for the next year or so at least, taking
> > > out the jumps up and down of day traders as news comes out and then
> > > their profit taking as others try to follow the momentum after the
> > > fact.

> > > Longer term is the attraction to the EV battery business.  If one
> > > believes that EVs (e-bikes, HEVs, PHEVs, EREVs, and BEVs all) are the
> > > major emerging auto line of the next decade or so (and I for one do),
> > > then there are only a few companies to play. Of course there are the
> > > big Japanese companies. You can, like Buffet has, buy some BYD.
> > > Advanced Battery Technologies (ABAT) has some real potential. ALTI
> > > isn't totally out of the EV market (but is a better albeit speculative
> > > play for its utility grade batteries). Valance (VLNC) is nice and so
> > > is EnerDel (HEV). But none is better positioned than CBAK to provide
> > > for vehicles produced in China by all makers whether for the Chinese
> > > domestic market or for other manufacturers who are looking for a
> > > reliable supplier for the global market. This will be the bigger
> > > segment over the moderate to longer term and will also be news that
> > > drives in the daytraders along the way. Including when a real official
> > > auto deal announcement is made in English media source with the auto
> > > maker named and amount of product contract elucidated. Hanging on
> > > through that volatility will be tough - has been tough - but it is
> > > easier than trying to outguess the speculators or predicting the news.

> > > Risks of this stock? Materials cost especially if higher margin lines
> > > do not materialize as quickly as we hope. Absorbing the cost of unused
> > > capacity while waiting for the high power business to take off. The
> > > risk that their technology will be eclipsed by better technology along
> > > the way or that they will fail to adequately compete with the big
> > > Japanese companies. Stock dilution if CBAK continues to raise funds by
> > > additional stock offerings. I have no idea how a return to the
> > > Shanghai market (a rumor expressed on Yahoo) would effect the stock.

> > > On balance I am convinced that it is a long term buy. And yes, it is a
> > > large position in my portfolio.

> > > On May 18, 1:20 pm, jfacci...@gmail.com wrote:

> > > > Hey guys........after searching around, and reading all your posts,
> > > > could you guys give me a summary of what exactly you think is going on
> > > > with CBAK.........just want to see if I'm getting the same thing you
> > > > all are.....thanks........

> > > > On May 18, 8:23 am, stephanbrueck...@yahoo.com wrote:

> > > > > Good info- thanks for the follow thru-  I too saw the yahoo blog and
> > > > > followed the links. Was skeptical as well and wanted to see for
> > > > > myself. Pasted the characters into MS Word and used the "tools"
> > > > > feature to translate to english. A lot is lost in the translation-
> > > > > choppy sentences, etc. but I think the gist is there...which is good
> > > > > news for CBAK going forward. Just wanted to post here to share with
> > > > > everyone. Disclosure; CBAK is the largest position I currently own-
> > > > > been long for over a year now. Also own GRRF FTEK YZC for other China
> > > > > plays. GLTA!

> > > > > On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > > > > > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > > > > > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > > > > > A second city in China, Chongqing, is also offering incentives: 36,000
> > > > > > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > > > > > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > > > > > 140,000 yuan.<<- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> I'll keep it for it is biggest company in this field.

> On May 26, 10:18 pm, rkseid...@gmail.com wrote:

> > Yes, good news, such as it is.

> > Meanwhile BYD snags VW. [Wistful Sigh.]

> >http://www.autobloggreen.com/2009/05/25/vw-and-byd-partner-up-for-ele...

> > On May 26, 11:05 am, stephanbrueck...@yahoo.com wrote:

> > > Today's shareholder meeting announcement would tend to confirm the
> > > Chinese newspaper stories from 5/15.

> > > No specific company names, but still good news nevertheless.

> > > I would submit (again) that the risk here is not being long the stock
> > > when it makes its move to the upside.

> > > Still trading below Book Value- hopefully our patience will be well
> > > rewarded.

> > > GLTA!!!

> > > On May 18, 4:01 pm, rkseid...@gmail.com wrote:

> > > > Well my thoughts, for whatever the going rate happens to be -

> > > > CBAK is a major Chinese battery company that has been moving from a
> > > > low margin/high volume cell phone battery replacement line into higher
> > > > margin segments. It is benefiting from lower materials cost right now
> > > > but its growth into those higher margin lines has been detoured by the
> > > > global recession. As the East (and in particular) China emerges from
> > > > the recession and laptop purchases tick back up there they will make
> > > > better use of their production capacity and become quite profitable in
> > > > short order. HP's announcement, whenever it finally comes (as they
> > > > feel confident that China is coming back out the other side) will pop
> > > > it up very quickly. When will it come? Who knows? But as I've said
> > > > before - I do not want to risk missing that pop.

> > > > So that's one reason to like the company - China's rapid growth has
> > > > had a detour but laptop sales are likely to increase there again very
> > > > soon and CBAK is in a great place to profit from that trend. This
> > > > segment will be its driver for the next year or so at least, taking
> > > > out the jumps up and down of day traders as news comes out and then
> > > > their profit taking as others try to follow the momentum after the
> > > > fact.

> > > > Longer term is the attraction to the EV battery business.  If one
> > > > believes that EVs (e-bikes, HEVs, PHEVs, EREVs, and BEVs all) are the
> > > > major emerging auto line of the next decade or so (and I for one do),
> > > > then there are only a few companies to play. Of course there are the
> > > > big Japanese companies. You can, like Buffet has, buy some BYD.
> > > > Advanced Battery Technologies (ABAT) has some real potential. ALTI
> > > > isn't totally out of the EV market (but is a better albeit speculative
> > > > play for its utility grade batteries). Valance (VLNC) is nice and so
> > > > is EnerDel (HEV). But none is better positioned than CBAK to provide
> > > > for vehicles produced in China by all makers whether for the Chinese
> > > > domestic market or for other manufacturers who are looking for a
> > > > reliable supplier for the global market. This will be the bigger
> > > > segment over the moderate to longer term and will also be news that
> > > > drives in the daytraders along the way. Including when a real official
> > > > auto deal announcement is made in English media source with the auto
> > > > maker named and amount of product contract elucidated. Hanging on
> > > > through that volatility will be tough - has been tough - but it is
> > > > easier than trying to outguess the speculators or predicting the news.

> > > > Risks of this stock? Materials cost especially if higher margin lines
> > > > do not materialize as quickly as we hope. Absorbing the cost of unused
> > > > capacity while waiting for the high power business to take off. The
> > > > risk that their technology will be eclipsed by better technology along
> > > > the way or that they will fail to adequately compete with the big
> > > > Japanese companies. Stock dilution if CBAK continues to raise funds by
> > > > additional stock offerings. I have no idea how a return to the
> > > > Shanghai market (a rumor expressed on Yahoo) would effect the stock.

> > > > On balance I am convinced that it is a long term buy. And yes, it is a
> > > > large position in my portfolio.

> > > > On May 18, 1:20 pm, jfacci...@gmail.com wrote:

> > > > > Hey guys........after searching around, and reading all your posts,
> > > > > could you guys give me a summary of what exactly you think is going on
> > > > > with CBAK.........just want to see if I'm getting the same thing you
> > > > > all are.....thanks........

> > > > > On May 18, 8:23 am, stephanbrueck...@yahoo.com wrote:

> > > > > > Good info- thanks for the follow thru-  I too saw the yahoo blog and
> > > > > > followed the links. Was skeptical as well and wanted to see for
> > > > > > myself. Pasted the characters into MS Word and used the "tools"
> > > > > > feature to translate to english. A lot is lost in the translation-
> > > > > > choppy sentences, etc. but I think the gist is there...which is good
> > > > > > news for CBAK going forward. Just wanted to post here to share with
> > > > > > everyone. Disclosure; CBAK is the largest position I currently own-
> > > > > > been long for over a year now. Also own GRRF FTEK YZC for other China
> > > > > > plays. GLTA!

> > > > > > On May 16, 10:33 am, rkseid...@gmail.com wrote:

> > > > > > > More on Chinese subsidies:http://www.autobloggreen.com/2009/05/15/chinese-cities-offering-incen...

> > > > > > > >>The city of Shenzhen, China, where automaker BYD is located, has decided to give its citizens a boost to purchase the locally-made cars. In addition to the nation-wide grants, which can be worth up to 50,000 yuan ($7,320) when buying a hybrid vehicle (60,000 yuan if the vehicle is all-electric), Shenzen is offering discounts up to 60 percent of the car's value. For a 149,800 yuan BYD F3 Dual Mode hybrids (when it becomes available to everybody next June), citizens will be able to get discounts of nearly 90,000 yuan.

> > > > > > > A second city in China, Chongqing, is also offering incentives: 36,000
> > > > > > > yuan in subsidies and an exemption in bridge tolls of 7,000 yuan when
> > > > > > > buying a locally-made Junjie (or Jiexun) hybrid MPV, which costs
> > > > > > > 140,000 yuan.<<- Hide quoted text -

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