Dolat Ventures Inc., a battery manufacturer for electric automobiles, officially changed its name to JB&ZJMY Holding Company Inc. (OTC:$JBZY). The stock shares gained 17.52% after the change and will immediately begin trading under the ticker symbol JBZY.

In January, Dolat Ventures Board of Directors authorized the acquisition of all issued and outstanding shares of Ji Ming Yang Amperex Technologies. In exchange, the company gained one hundred thousand Class D Preferred stock- convertible into 100 million shares of the company’s common stock.

Further, the new company is offering existing and future employees based in the Republic of China an opportunity to purchase JB&ZJMY common stock units for $0.10 a share. Additionally, Dolat is offering warrants at $0.15 and exercisable for two years.

As for Dolat’s current product portfolio, the battery manufacturer has been focusing on the development of an automatic, multi-function rechargeable car power plant recharge system, which is a multi-phase lithium-ion battery. More impressively, the company has also developed an electric vehicle that can cover 600 kilometers on a single charge.

Following the big name change, Dolat Ventures Inc.’s primary goal is to commercialize solutions that address the problems faced by vehicle battery manufacturers.

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