Nanyangs Hydrogen Energy Vehicle project raises doubts about several debt disputes involving R&D companies (Source:)
On May 22, an article entitled Hydrogen Engine Off Line in Nanyang, Municipal Party Committee Secretarys Comments! u300b The article sparked a heated discussion on the internet. The main content was to publicize Zhang Wenshen, Secretary of the Nanyang Municipal Committee of Henan Province, when he went to work on the site of the hydrogen energy automobile project, to praise the latest achievements of the hydrogen energy automobile project.
The first sentence of the article emphasizes that Hydrogen engine is officially offline in our city, which means that the on-board water can produce hydrogen in real time, and the vehicle can run only with water.
Zhang Wenshen, Secretary of the Nanyang Municipal Committee, is working on the site of the hydrogen energy automobile project.
This article was immediately found by netizens, and soon some netizens questioned whether the car could go freely with water. Is water and hydrogen energy reliable? Cover journalists conducted a survey of the companies involved in water and hydrogen energy.
Front page report of Nanyang Daily
Previous Generations of Hydrogen Engines
According to the report of the article, the reporter inquired that the place that Nanyang city leaders visited was located in the hydrogen energy automobile industry park of Nanyang High-tech Zone.
In the industrial park, including the Jinhua Youth Automobile Hydrogen Energy Complete Vehicle Project signed on December 28, 2018. According to the official media reports in Nanyang, the initial investment of the project is 8.163 billion yuan, with a land area of 1,000 mu. It is expected to be completed and put into operation in 2020. It is estimated that the sales revenue of the project will reach 30 billion yuan, the profits and taxes will exceed 10 billion yuan, and more than 1,000 jobs will be added.
Cover journalist survey found that in the vehicle project, Youth Automobile Group has been mentioned repeatedly.
It is understood that as early as August 2017, Youth Automobile Group held the birth ceremony of the worlds first hydrogen-fueled vehicle at its headquarters. Pang Youth, chairman of the group, personally served as a boiling water vehicle platform.
Officially, the so-called first boiled water car is not a passenger car, but a commercial logistics vehicle, called the Youth Manka, which is a truck.
At that time, some media reported that Pang Youqing, the legal representative of Jinhua Youth Automobile Manufacturing Co., Ltd., introduced the principle of boiling water automobile. He introduced that the water storage tank on the roof of the car was equipped with a special device to convert water into hydrogen, which was enriched through filtration, so that the concentration of hydrogen reached 99.99%, and then the car was driven by electricity generated through the hydrogen fuel reactor.
But for the special hydrogen conversion device, Youth Automobile Group has always maintained a sufficiently mysterious sense of reluctance to reveal more.
Up to 517 related civil cases
The reporter noticed that before that, when Nanyang High-tech Zone signed the contract with Jinhua Youth Automobile Hydrogen Energy Complete Vehicle Project, it had hoped that the Youth Automobile Group would make full use of Nanyangs vast market space, speed up project production, strengthen research and development of key technologies and new products, build Nanyangs trademark automobile industry brand, and gradually become the Dragon of Nanyangs intelligent and high-end manufacturing industry cluster. Head.
Introduction of Pang Youth on the official website of Youth Automobile Group.
The legal representative of Jinhua Youth Automobile Manufacturing Co., Ltd. is Pang Youth.
As of May 23, 2019, there were 517 civil cases with the key word youth car on the Chinese Judicial Documents Network.
Among them, in the civil judgment of the second instance of Zhangjiakou Huisheng Automobile Sales Service Co., Ltd., Zhejiang XX Passenger Vehicle Group Co., Ltd., Youth Automobile Group Co., Ltd., the reporter found that, including Sichuan Dazhou Yuanjin Industry and Trade Co., Ltd., Zhengzhou Lianfa Automobile Sales Service Co., Ltd., Ningbo Ruitou Investment Partnership (Limited Partnership) and Youth Passenger Vehicle Co., Ltd. Its related enterprise Jinhua Youth Automobile Manufacturing Co., Ltd. (hereinafter referred to as Youth Manufacturing) and Youth Group have had debt disputes.
Relevant Civil Cases Searched by Youth Automobile on Chinese Judicial Documents Network
The above-mentioned companies have filed bankruptcy liquidation applications for youth-related enterprises in different cases. They believe that the assets of youth passenger cars and youth groups are insufficient to pay off all debts and obviously lack the ability to pay off debts. They apply to the court of first instance for bankruptcy liquidation of the company.
Source: Cover News - Responsible Editor of West China Metropolitan Daily: Yang Yi_NBJ10647