My understanding is that the company outsources the battery module production to Japan and the modules are made to the company's technical requirements, which include their intellectual property. The company has stated that they want to insource the module production to their own facility. The key point is that the cells may be made in China and other components are bought from wherever, but the battery modules integrate all these components and build in proprietary technology. At least, this is my understanding. As to the technical charting, I am seeing some positive signs (positive MACD, share price trending above a 50-day moving average, among others) of a trend reversal. The share price had been decreasing since about March, then established a  baseline in August-September, and is now slowly rising. I am going to wait until the November earnings call and read the conference call transcript to evaluate further. If there is no news about a new bank (debt refinancing), Jamestown funding, or new battery orders, then I will take a hard look. No idea what others think...