In August this year, the Youth Automobile Group's application for bankruptcy liquidation was rejected. The court held that Youth Automobile Group and related companies mainly produce and sell new energy vehicles, which belongs to the industry supported by the state. Some core resources of youth automobile series enterprises have operational value, and youth automobile group continues to operate. Youth Automobile Group, whose assets can't be completely changed, has some difficulties in repayment, but it is possible to repay debts through independent negotiation, government cooperation and introduction of investment.
According to the data, Youth Automobile was established in 2008, with Pang Qingnian as the legal representative and a registered capital of 654.38 billion yuan. The youth car has 7 pieces of information about the person being executed. In addition, there are 25 pieces of information that the person subjected to execution loses credit because of his ability to perform and refuses to perform the obligation of confirming the effective legal documents. There are hundreds of trial documents about youth cars on the Internet. Pang Qingnian was included in the list of dishonesty more than 20 times before and after, and his consumption was restricted.