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Got some answers... http://www.ablogtowatch.com/panzera-flieger-f47-02d-wulf-watch/ "Speaking of that movement, it's rather likely that no one has heard of 2BA0 movement. As you might accurately guess, it is sourced from China. Specifically, it comes from the Hangzhou Watch Company. This is a firm that has been making movements for over four decades, and Panzera is specifically sourcing just those movements that are graded as AAA. These are then sent to the manufacturing partner based in Hamburg, Germany, where modifications (if any) are made as part of building the watches. Panzera was also eager to note that by working with the German partner - rather than going directly to China - they were able to achieve a higher level of quality."