Can a car run with water? How did the youth car come all the way?

 Can a car run with water? How did the youth car come all the way?

Reported that the water hydrogen engine officially officially offline in the city, which means that the vehicle water can be real-time hydrogen production, vehicles can only be driven with water. On the morning of May 22, Zhang Wenshen, Secretary of the Nanyang Municipal Committee, visited the project site to work and praised the latest achievements of the hydrogen energy automobile project.

Zhang Wenshen, Secretary of Nanyang Municipal Party Committee, visited the project site to work in person.

In an interview with the media, the chairman of Youth Automobile Group said that the technology of hydrogen-fueled automobiles is mature and will not delay the process of Nanyang project. It also claims that the facts are not made up by fabrication.

Youth Cars Behind Hydrogen Engine: 46 Patent Blanks Related to Faithless Information

FINA combs the business information system and finds that the Youth Automobile Group has been listed as a dishonest and executed enterprise by the court, Pang Youth himself has also been listed as a dishonest and executed person by the court, and as a restricted consumer.

According to public information, Pang Youth was born in Tiantai County, Taizhou City, Zhejiang Province, in January 1958. He founded Panan Rubber Factory in 1986, and later became chairman and Secretary of the Party Committee of Zhejiang Hangtong Group in 1993. In 1999, Pang Youth became Chairman of Jinhua Youth Automobile Manufacturing Co., Ltd. and Secretary of the Party Committee of the Group.

Kaixinbao shows that there are 686 risk information items, 29 executed information items and 46 dishonest information items for young automobiles. On January 7 and 8 this year, they were listed as dishonest persons by Minhang District Peoples Court of Shanghai and Zhonglou District Peoples Court of Changzhou City respectively.

For Nanyangs automobile project, FINA consulted the patent information of Youth Group and found that most of its patents were appearance design patents. One patent information related to hydrogen energy was issued on September 11, 2018 for hydrogen-fueled electric bus, whose patent type was appearance design.

Once famous for the Saab controversy, he was investigated for suspected fraud.

What made young cars famous for the moment was the Saab Debate in 2008. At that time, due to the global financial crisis, GMs financial deterioration, Saab, its subsidiary, had no choice but to be sold. There were a large number of Chinese auto companies interested in taking over. Besides youth automobiles, Beiqi Group, Panda Group and so on, which were finally won by Jiang Dalongs National Electric Vehicle Company.

According to media reports, although the youth car failed acquisition, but to obtain a large number of local coal resources such as Ningxia, Inner Mongolia.

In 2010, Youth Automobile announced an investment of 26.7 billion yuan in Shizuishan, Ningxia, to build an automobile base. However, three years later, the project of Shizuishan Automobile disappeared in the first place, and the coal mine supporting Zhejiang Youth Automobile was sold, with a cash change of up to 1 billion yuan.

According to China Business Daily, Pang Youths actual control of youth automobiles in 2011 was conditioned on the successful acquisition of Saab automobiles and putting them into production in Ordos. He signed an agreement with the Ordos Municipal Government to invest in the construction of factories, while the Ordos Municipal Government allocated two coal resources of 600 million tons and 700 million tons for youth automobiles, respectively. Youth Automobile is about to sell its coal target to Yijiahe Energy Co., Ltd. and collect a deposit of RMB 200 million.

However, the acquisition of Saab failed, the Ordos municipal government refused to give coal indicators for youth automobiles, and the deal between youth automobiles and Yijiahe was deadlocked. Subsequently, Yijiahe chose to report the case and eventually got the police to file the case against Pang Youth on suspicion of fraud.

In addition, according to the report of Southern News Network in January 2018 entitled Can you run 1000 kilometers with water and cheat young peoples hydrogen fuel vehicles?, in February 2017, the website of Ministry of Industry and Information Technology published the administrative penalties for seven automobile companies, among which youth automobiles are one of them.

The bankruptcy liquidation case of Xiaoshan Court on June 9, 2017 included three affiliated enterprises of Youth Automobile Group: Zhejiang Youth Lotus, Zhejiang Youth Lotus Engine Co., Ltd. and Hangzhou Yaman Engine Co., Ltd.

The Financial Associations will continue to pay attention to how the farce will end.

Source of this article: Responsible Editor of Finance Associations: Wang Xiaowu_NF