Youthman (Beijing) Automobile Co., Ltd. reported in May 2019 that it was listed as a person subject to execution for breach of trust. Youth Auto Group Co., Ltd. was established in January 2001 with a registered capital of 100 million yuan and its legal representative is Pang Qingnian. The latest one is February 25, 2019. The judgment showed that Youth Automobile Group Co., Ltd. defaulted on its loan and had not paid for nearly five years.
The court held that the company had the ability to perform but refused to perform its obligations specified in the effective legal document, so it was listed as a defaulter and the subject of execution was more than 53 million yuan. On October 21, 2019, the Hangzhou Xiaoshan District People’s Court ruled to terminate the bankruptcy proceedings of Hangzhou Youth Automobile Co., Ltd.
Enterprise incident
The water-hydrogen engine was questioned. On May 23, 2019, a report was published on the front page of Nanyang Daily, "The water-hydrogen engine rolled off the assembly line in Nanyang, the municipal party committee secretary pointed out praise! ”, arousing widespread public attention. Many netizens joked that this is another magical invention that "shocks scientists". Because middle school students all know in physics and chemistry classes that energy is conserved.
The energy here includes mechanical energy, thermal energy, light energy, electrical energy, chemical energy, nuclear energy and other forms of energy. After all, this is not only related to "filling the technical gap", but also related to large government investment. According to reports, of the total investment of 8.316 billion yuan in the Nanyang project, the Nanyang Municipal Government Platform invested 4 billion yuan. ?
On May 24, 2019, the Publicity Office of Youth Automobile Group responded to "Emergency Call" regarding the "water hydrogen engine", saying that the technology does exist. "In a word, it can run just by adding water." However, There is a metal catalyst in the water tank. As for what metal it is, "it's hard to say now."
Persons subject to breach of trust
It was reported in May 2019 that the hydro-hydrogen engine incident in Nanyang, Henan Province continued to ferment. Data showed that the party involved, Youth Automobile Group Co., Ltd., was listed as being punished for breach of trust 34 times. As an executor, the companies under his name were listed as dishonest persons subject to execution by the Supreme People's Court 158 ??times. In addition, Jinhua Youth Automobile Manufacturing Co., Ltd. and Ningxia Sanqing Special Automobile Manufacturing Co., Ltd. invested by Youth Automobile Group.
Pan'an Youth Automobile Co., Ltd. and Ordos Youth Automobile Co., Ltd. are both dishonest companies announced by the Supreme People's Court. Among them, from 2015 to 2018, Ningxia Sanqing Special Automobile Manufacturing Co., Ltd. was included in the list of abnormal business operations four times because it failed to submit annual report information as required.
On November 21, 2018, the company was included in the list of serious illegal enterprises because it had not fulfilled its disclosure obligations after three years of being included in the list of abnormal operations. On July 6, 2017, Jinhua Youth Automobile Manufacturing Co., Ltd. was administratively punished by the Zhejiang Provincial Bureau of Statistics for providing untrue statistical data. ?
Bankruptcy of a subsidiary
On November 18, 2019, according to the People's Court Announcement Website, because the bankruptcy property of Hangzhou Youth Automobile Co., Ltd. has been distributed, in accordance with the "People's **In accordance with the provisions of Article 120 of the Enterprise Bankruptcy Law of the People's Republic of China, the Xiaoshan District People's Court of Hangzhou City ruled on October 21, 2019 to terminate the bankruptcy proceedings of Hangzhou Youth Automobile Co., Ltd.
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Development history
On August 27, 2012, Youngman Auto signed a framework agreement with Spyker, a Dutch luxury sports car manufacturer. It will acquire 29.9% of Spyker's shares and invest with the other party to form two joint venture subsidiaries, that is, through capital increase, capital injection, and a combination of investment in intellectual property and brand assets to establish three major business segments to achieve the overall future development strategy.
Youth Auto Group once expanded aggressively, investing in projects in Jinan, Tai'an, Lianyungang, Shizuishan, Ordos, Haining, Liupanshui, etc., but most of them ended in failure and were entangled in lawsuits. Youth Auto Group Co., Ltd. has 210 self-risk warnings, of which it has been enforced by the court 13 times for failing to perform its legal obligations on time.
Being listed as a person subject to execution for breach of trust 30 times by the Supreme People's Court; there are 488 surrounding risk warnings, and there are as many as 73 companies related to Pang Qingnian, chairman of Youth Auto Group Co., Ltd.
Baidu Encyclopedia-Youth Auto Group