Hello Everyone,
I feel sorry for everyone, hopefully AVZ pulls through—I think it is inevitable the current board sustains it’s mandate. I didn’t see this coming in 2021/22. Something was odd though about all the delays due to confirming ‘Technicals’ prior to decree.
‘
@ChatForumMember , this is indeed a worth while matter to raise,
It is correct to say, the BNB MOU has issues—serious ones— it was a fiction in many parts. I’m interested to know what you have found, please share
Not only is it a serious matter it is a forgotten matter while the share price was suppressed for a long time. Thanks for raising it and please explain why you are bringing it up now.
I can say I contacted the company about this but got no reply.
My notes show, for example, the BNB MOU saying BNB has strategic supply agreements with certain bus companie.Some of which are known prestigious brands, Yutong, KingLong and Higer.
AVZ, to quote:
“The company has strategic supply agreements with Yutong Bus, Zhongtong Bus, King Long Bus, Yaxing Bus, Higer bus and Wuzhou Long Bus, with purchase orders in excess of 2 million kWh, and 5 billion yuan.”
I am mindful AVZ had a strategic advisor for China in 2017 to 2019 May. I am also mindful this strategic advisor does not send AVZ announcements to the ASX
From above quote. in hindsight, after much research on China’s NEV supply chain, especially the basics on the subsidy scheme, it is important to clarify, “Purchase orders” does not necessarily mean
paid for purchase orders nor confirms relevance to NEVs supplied with batteries
and over what period is crucial too.
Evidence on hotcopper shows this Yutong relationship mattered to shareholders here. Did anyone check the facts and let AVZ know?
@8horse ?
My notes show a WeChat session with a Gaogong lithium research analyst, the same institution CATL relied on in its IPO for industry statistics. Many of these CATL Gaogong statistics on battery supply are ranked on a wh/kg basis, and come from China’s MIIT registering NEVs.
This battery supply analyst says the AVZ announcement is wrong about Yutong, CATL was the supplier to Yutong. All the bus companies mentioned by AVZ didn’t rank in the top 20 companies BNB supplied to, in fact, Yutong for example, had only a few buses supplied in 2017 and 2018.
Please see the table below from a Chinese industry source.
Keeping it simple, based on Gaogong statistics collated from MIIT, in 2018, Yutong bus company battery supply records :
In 2018
CATL : 21,361 buses
BNB : 00
In 2017,
CATL: 16,503 buses [YUTONG]
BNB : 00 [YUTONG]
See left bottom hand corner, for English-land
My ‘HKTD’ wanted to check this, and his extremely ‘non-purportable’ reliable source supplied an xlsx spreadsheet showing instead, BNB supplied batteries 2 Yutong buses in 2017. So there are slight deviations and only slight suggesting from my perspective the extremely high reliability of the data for the purpose here.
Notably, none of the bus companies AVZ represent as material to BNB’s market position have supply worth talking of.
Without me saying stuff that will have members hitting the report button,
“I think we have a problem, Houston”
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
Column 7 |
Column 8 |
| 0 |
序号
|
客户名称
|
汇总
|
|
No. Customer Name Summary
|
|
|
|
| 1 |
1
|
湖北新楚风汽车股份有限公司
|
1428
|
|
1 Hubei Xinchufeng Automobile Co.
|
|
|
|
| 2 |
2
|
珠海银隆新能源有限公司
|
1331
|
|
2 Zhuhai Yinlong New Energy Co.
|
|
|
|
| 3 |
3
|
一汽解放青岛汽车有限公司
|
919
|
|
3 FAW Jiefang Qingdao Automobile Co.
|
|
|
|
| 4 |
4
|
安徽安凯汽车股份有限公司
|
557
|
|
4 Anhui Ankai Automobile Co.
|
|
|
|
| 5 |
5
|
东风襄阳旅行车有限公司
|
529
|
|
5 Dongfeng Xiangyang Wagon Co.
|
|
|
|
| 6 |
6
|
江西凯马百路佳客车有限公司
|
496
|
|
6 Jiangxi Kaima Barluck Bus Co.
|
|
|
|
| 7 |
7
|
江西宜春客车厂有限公司
|
350
|
|
7 Jiangxi Yichun Bus Factory Co.
|
|
|
|
| 8 |
8
|
江苏九龙汽车制造有限公司
|
342
|
|
8 Jiangsu Jiulong Automobile Manufacturing Co.
|
|
|
|
| 9 |
9
|
东风特汽（十堰）客车有限公司
|
286
|
|
9 Dongfeng Special Vehicle (Shiyan) Bus Co.
|
|
|
|
| 10 |
10
|
中植一客成都汽车有限公司
|
210
|
|
10 Zhongzhi Yike Chengdu Automobile Co.
|
|
|
|
| 11 |
11
|
国网山东省电力公司青岛供电公司
|
143
|
|
11 State Grid Shandong Electric Power Company Qingdao Power Supply Company 143
|
|
|
|
| 12 |
12
|
内蒙古青杉汽车有限公司
|
133
|
|
12 Inner Mongolia Qingshan Automobile Co.
|
|
|
|
| 13 |
13
|
无锡丰晟科技有限公司
|
133
|
|
13 Wuxi Fengsheng Technology Co.
|
|
|
|
| 14 |
14
|
南京金龙客车制造有限公司
|
129
|
|
14 Nanjing Jinlong Bus Manufacturing Co.
|
|
|
|
| 15 |
15
|
苏州益茂电动客车有限公司
|
104
|
|
15 Suzhou Yimao Electric Bus Co.
|
|
|
|
| 16 |
16
|
陕西汉中客车有限公司
|
100
|
|
16 Shaanxi Hanzhong Bus Co.
|
|
|
|
| 17 |
17
|
深圳市中电绿源新能源汽车发展有限公司
|
100
|
|
17 Shenzhen Zhongdian Luyuan New Energy Vehicle Development Co.
|
|
|
|
| 18 |
18
|
扬州江淮宏运客车有限公司
|
95
|
|
18 Yangzhou Jianghuai Hongyun Bus Co.
|
|
|
|
| 19 |
19
|
陕西秦星汽车有限责任公司
|
93
|
|
19 Shaanxi Qinxing Automobile Co.
|
|
|
|
| 20 |
20
|
北京海博思创科技有限公司
|
84
|
|
20 Beijing Haibosi Chuang Technology Co.
|
|
|
|
| 21 |
21
|
湖南中车时代电动汽车股份有限公司
|
57
|
|
21 Hunan CRRC Times Electric Vehicle Co.
|
|
|
|
| 22 |
22
|
安庆安达尔汽车制造有限公司
|
50
|
|
22 Anqing Andal Automobile Manufacturing Co.
|
|
|
|
| 23 |
23
|
深圳市科陆驱动技术有限公司
|
50
|
|
23 Shenzhen Kelu Drive Technology Co.
|
|
|
|
| 24 |
24
|
重庆穗通新能源汽车制造有限公司
|
49
|
|
24 Chongqing Suitong New Energy Automobile Manufacturing Co.
|
|
|
|
| 25 |
25
|
哈尔滨通联客车有限公司
|
43
|
|
25 Harbin Tonglian Bus Co.
|
|
|
|
| 26 |
26
|
银隆新能源股份有限公司
|
41
|
|
26 Yinlong New Energy Co.
|
|
|
|
| 27 |
27
|
四川省客车制作有限责任公司
|
35
|
|
27 Sichuan Bus Production Co.
|
|
|
|
| 28 |
28
|
徐州徐工汽车制造有限公司
|
32
|
|
28 Xuzhou Xugong Automobile Manufacturing Co.
|
|
|
|
| 29 |
29
|
江苏友谊汽车有限公司
|
29
|
|
29 Jiangsu Friendship Automobile Co.
|
|
|
|
| 30 |
30
|
江苏常隆客车有限公司
|
27
|
|
30 Jiangsu Changlong Bus Co.
|
|
|
|
| 31 |
31
|
新日（无锡）发展有限公司
|
24
|
|
31 Xinri (Wuxi) Development Co.
|
|
|
|
| 32 |
32
|
北汽银翔汽车有限公司
|
21
|
|
32 Beiqi Yinxiang Automobile Co.
|
|
|
|
| 33 |
33
|
东风商用车有限公司
|
19
|
|
33 Dongfeng Commercial Vehicle Co.
|
|
|
|
| 34 |
34
|
陕西跃迪新能源汽车有限公司
|
16
|
|
34 Shaanxi Yuedi New Energy Automobile Co.
|
|
|
|
| 35 |
35
|
武汉客车制造股份有限公司
|
16
|
|
35 Wuhan Bus Manufacturing Co.
|
|
|
|
| 36 |
36
|
江西博能上饶客车有限公司
|
15
|
|
36 Jiangxi Boneng Shangrao Bus Co.
|
|
|
|
| 37 |
37
|
重庆穗通新能源汽车制造有限公司
|
12
|
|
37 Chongqing Suitong New Energy Automobile Manufacturing Co.
|
|
|
|
| 38 |
38
|
江苏登达汽车有限公司
|
10
|
|
38 Jiangsu Dengda Automobile Co.
|
|
|
|
| 39 |
39
|
潍柴动力股份有限公司
|
10
|
|
39 Weichai Power Co.
|
|
|
|
| 40 |
40
|
南京徐工汽车制造有限公司
|
9
|
|
40 Nanjing Xugong Automobile Manufacturing Co.
|
|
|
|
| 41 |
41
|
江铃新能源汽车有限公司
|
8
|
|
41 Jiangling New Energy Automobile Co.
|
|
|
|
| 42 |
42
|
中山市顺达客车有限公司
|
6
|
|
42 Zhongshan Shunda Bus Co.
|
|
|
|
| 43 |
43
|
中植汽车（淳安）有限公司
|
6
|
|
43 Zhongzhi Automobile (Chun'an) Co.
|
|
|
|
| 44 |
44
|
成都大运汽车集团有限公司运城分公司
|
5
|
|
44 Chengdu Dayun Automobile Group Co.
|
|
|
|
| 45 |
45
|
沈阳华龙新能源汽车有限公司
|
5
|
|
45 Shenyang Hualong New Energy Automobile Co.
|
|
|
|
| 46 |
46
|
中移建设有限公司北京分公司
|
4
|
|
46 China Mobile Construction Co.
|
|
|
|
| 47 |
47
|
扬州亚星客车股份有限公司
|
4
|
|
47 Yangzhou Yaxing Bus Co.
|
|
|
|
| 48 |
48
|
河南美力达汽车有限公司
|
3
|
|
48 Henan Merida Automobile Co.
|
|
|
|
| 49 |
49
|
河南森源重工有限公司
|
3
|
|
49 Henan Senyuan Heavy Industry Co.
|
|
|
|
| 50 |
50
|
厦门金龙旅行车有限公司
|
3
|
|
50 Xiamen Golden Dragon Touring Vehicle Co.
|
|
|
|
| 51 |
51
|
陕西通家汽车股份有限公司
|
3
|
|
51 Shaanxi Tongjia Automobile Co.
|
|
|
|
| 52 |
52
|
安徽江淮汽车集团股份有限公司
|
2
|
|
52 Anhui Jianghuai Automobile Group Co.
|
|
|
|
| 53 |
53
|
成都客车股份有限公司
|
2
|
|
53 Chengdu Bus Co.
|
|
|
|
| 54 |
54
|
大汉汽车集团有限公司
|
2
|
|
54 Dahan Automobile Group Co.
|
|
|
|
| 55 |
55
|
湖州恩驰汽车有限公司
|
2
|
|
55 Huzhou Enchi Automobile Co.
|
|
|
|
| 56 |
56
|
牡丹汽车股份有限公司
|
2
|
|
56 Peony Automobile Co.
|
|
|
|
| 57 |
57
|
山西皇城相府宇航汽车制造有限公司
|
2
|
|
57 Shanxi Huangcheng Xiangfu Yuhang Automobile Manufacturing Co.
|
|
|
|
| 58 |
58
|
郑州宇通客车股份有限公司
|
2
|
|
58 Zhengzhou Yutong Bus Co.
|
|
|
|
| 59 |
59
|
重庆穗通汽车工业发展有限公司
|
2
|
|
59 Chongqing Suitong Automobile Industry Development Co.
|
|
|
|
| 60 |
60
|
河南奔马股份有限公司
|
1
|
|
60 Henan Benma Co.
|
|
|
|
| 61 |
61
|
河南少林客车股份有限公司
|
1
|
|
61 Henan Shaolin Bus Co.
|
|
|
|
| 62 |
62
|
黑龙江龙华汽车有限公司
|
1
|
|
62 Heilongjiang Longhua Automobile Co.
|
|
|
|
| 63 |
63
|
江苏索尔新能源科技有限公司
|
1
|
|
63 Jiangsu Sol New Energy Technology Co.
|
|
|
|
| 64 |
64
|
江苏天洋集团有限公司
|
1
|
|
64 Jiangsu Tianyang Group Co.
|
|
|
|
| 65 |
65
|
南京特种汽车制配厂有限公司
|
1
|
|
65 Nanjing Special Automobile Manufacturing Co.
|
|
|
|
| 66 |
66
|
深圳市超扬新能源汽车有限公司
|
1
|
|
66 Shenzhen Chaoyang New Energy Automobile Co.
|
|
|
|
| 67 |
67
|
深圳市五洲龙汽车股份有限公司
|
1
|
|
67 Shenzhen Wuzhoulong Automobile Co.
|
|
|
|
| 68 |
68
|
浙江中车电车有限公司
|
1
|
|
68 Zhejiang CRRC Tram Co.
|
|
|
|
| 69 |
69
|
镇江天洋汽车有限公司
|
1
|
|
69 Zhenjiang Tianyang Automobile Co.
|
|
|
|
| 70 |
70
|
中国第一汽车股份有限公司技术中心
|
1
|
|
70 China First Automobile Co.
|
|
|
|
| 71 |
71
|
中通客车控股股份有限公司
|
1
|
|
71 Zhongtong Bus Holding Co.
|
|
|
|
| 72 |
合计
|
|
8205
|
|
Total 8205
|
|
|
|
So how can AVZ say BNB had a strategic supply agreement with Yutong?
AVZ has not substantiated its representations. We are just expected to accept them. And unlike assays there is are no independent expert reports on BNB’s bonafides, no audit, and yet the announcement is marked price sensitive by the ASX.
Was it purchase order basis to substantiate “holds the dominant market position for China’s bus market”?
Because, in just one row, CATL supplied 16,503 Yutong buses alone more than the total combined supply by BNB to its 71 customers ?
By contrast the top supplied manufacturers for BNB in 2017 are not represented in AVZ’s BNB MOU.
Make a comparison, none of these companies were represented in the MoU and yet this ranking is sourced from BNB. Gaogong shows similar bearing in mind some manufacturers are large groups.
The data shows evidence there are serious issues as Chatforummember warns.
|
Column 1 |
| 0 |
1 Hubei Xinchufeng Automobile Co.
|
| 1 |
2 Zhuhai Yinlong New Energy Co.
|
| 2 |
3 FAW Jiefang Qingdao Automobile Co.
|
| 3 |
4 Anhui Ankai Automobile Co.
|
| 4 |
5 Dongfeng Xiangyang Wagon Co.
|
| 5 |
6 Jiangxi Kaima Barluck Bus Co.
|
@8horse could you corroborate this for us? We need your 8 stamp. This is 2017 above. I know the 2018 data does not change the basic fact AVZ got the facts wrong. I point out Yutong because it is prestigious, and clearly belonged to CATL’s list of customers.
Why I am focussing on 2017, is because these statistics was available to AVZ—and it ought to have known about the true statistics—prior to the March 12 BNB MOU.
The main takeaway is, BNB had no supply to Yutong to justify what Avz said about Yutong alone.
The other bus companies are the same story, with Higer absolutely ZERO across 2017 and 2018.
Look at Zhontong bus in 2017 at number 71. WTF.
So what does this suggest?
You tell me and report yourself.
AVZ clearly did not seek independent, as possible, data from recognised Chinaindustry sources. There can be no mystification. CATL’s first IPO draft was released late December 2017, to find out who is considered reliable is not too hard in that prospectus alone.
There’s more.
Now, the retort of substantiation can always be vexed, I stand behind what I say. Let AVZ make a public disclosure, not an email.
Everyone please share what you have.
correction to formatting appied.
