Smartrick Special Report: I found the truck!! (Ideanomics)
I'M WRITING THIS IN ALL CAPS SO YOU KNOW THIS IS SPECULATION, THE INFORMATION I FOUND IS ON THE INTERNET. I JUST PUT THE PIECES TOGETHER. DO YOUR OWN DD, YOU KNOW I DID MINE.
Welcome back to special Smartrick Pick, today I have something special. After countless hours of searching, I found the TRUCK! It was on a Chinese social media/blog called Zhihu. Zhihu is a Chinese question-and-answer website where questions are created, answered, edited, and organized by the community of its users. (sounds like Quora) so the source is something to think about but that’s no doubt in my mind the truck in Ideanomics presentation.
The footage was from the platform Kuaishou which is a Chinese video-sharing app similar to Tik Tok developed by Beijing Kuaishou Technology Co., Ltd. with a particularly strong user base among users outside of China's Tier 1 cities. Outside Mainland China, it has also gained considerable popularity in other markets, topping the Google Play and Apple App Store's "Most Downloaded" lists in eight countries.
In the post (translation below) the writer says that User Dongfang Abao purchased this truck for 12.6 billion RMB or $1.8 billion USD. It was the worlds only *nuclear*(or core) electric truck per google translation (more on that in a minute)
Let’s *attempt to* breakdown it down
I sent the post to a friend who speaks Chinese (lives in Singapore) to help me translate the post, with the direct translation being nuclear electric I wanted to get to the bottom of it.
*核 can mean nuclear or core* can’t stress this enough (nuclear-powered vehicles is still years away)
Also, CTIB isn’t a Chinese KODK their main business is photovoltaic research (solar)
So does Ideanomics posses the only solid-state battery Semi Truck in the World right now?
I emailed IR last night when I stumbled upon this, but have yet to hear a response.
So since IR hasn’t broken it down for me I will attempt to do it for you.
According to this article, DongFang Abao is Li Yubao of Yunhong Holdings and of Yunhong CTI ltd. (NASDAQ: CTIB ) the article speaks of him bragging about the truck in which a sum of 1.8B USD was spent.
Li Yubao was recently voted in as Chairman of CTIB here
Dongfang Abao is a baller watch these videos…
Yonhong International
Yonhong International is a holding company that has many subsidiaries, especially in the energy sector.
Its subsidiary Inner Mongolia Yunhong Solar Energy company is in the heart of Ideanomics joint operations with CATL. CATL has been working on solid-state batteries for a while and opening up a new facility to dedicated to them, this is also the company that is working on the 1 million mile battery with Tesla
The author of this article mentioned “will Telsa adopt these” I think the real question is how are Ideanomics involved?
Call me a pumper I don’t care but I felt this information needed to be shared.
Taken from Ideanomics slides at a recent investor conference.
What I found
Smartrick Final Thoughts:
So I thought I needed to share this as Ideanomics shareholders want answers, I am currently a holder of the stock and yes I want to make money but as an investor, I would like to know what all of this means.
I’ve seen the truck & have been invested since it just came off it’s high. Bought in at 1.59 & the beverages down to 1.30. I had owned 47000 shares up until today. I was a bit disappointed with the sales numbers. No buses that they had pitched at the start of the year so although it’s been quarter over quarter growth I was just a bit frustrated. I know the charts show that this has bottomed and it should go up but you have a lot of manipulation with this stock that keeps it from moving to where it should be. So maybe it was a mistake unloading some of the shares right before the news conference? I’m still holding 26000 shares and have decided to leave it there until at least 1st quarter of 2021. I guess only time will tell.