In the past 90 years since the birth of the first domestically produced car on May 31, 1931, many automobile companies and many outstanding entrepreneurs have emerged in China.
But the forest is slowly getting bigger and bigger. There are people who are serious about building cars, and there are also people who want to make money from it.
Speaking of China’s number one car maker, many people say it is Jia Yueting who will “come back tomorrow”. However, in China, it is not only Jia Yueting who has the “dream of building cars”, but also the founder of Youth Automobile. A large number of young people.
Speaking of Pang Qingnian, you may not be familiar with it, but as long as you mention "hydrogen cars" and "hydrogen engines", you must have heard of it, and Pang Qingnian is the originator.
This person was obsessed with "making cars" earlier than Jia Yueting, and used cars as leverage to own an "empire" called Youth Automobile. He also went abroad to acquire the famous Swedish car company Saab Automobile;
This is Pang Qingnian.
Pang Qingnian, who was criticized by the Ministry of Industry and Information Technology, has no qualifications, but he took 5 billion investment and left an "investment commitment" of a total of 100 billion. I believe Jia Yueting will cry when he sees this financing ability!
Therefore, if Pang Qingnian is the second biggest liar in China’s car-making industry, Jia Yueting will definitely not dare to admit that he is the first.
However, now "liar" Pang Qingnian, a car-building fool who is even more ruthless than Jia Yueting, has finally fallen!
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Do you still remember the "hydrogen car" that went viral on the Internet?
Midas turns into gold, drops of water turn into oil, Youth Car's water-hydrogen engine can run by adding water, it saves grass compared to a horse, it can run by just drinking water!
At that time, when we heard the news that "you can drive even if you only drink water", we were very excited, but later, we found that things did not seem to be that simple.
After the project suffered a setback and was questioned by the public for defrauding government subsidies, Youth Auto Group’s absurd dream of building a car finally came to an end three years later.
Two days ago, Jinhua Youth Auto Group and its 21 affiliated companies entered the substantive merger bankruptcy liquidation process. Creditors of the 21 affiliated companies can declare their claims to the bankruptcy administrator before September 10, 2021.
Jinhua Youth Automobile Group and its 21 affiliated companies have entered into substantive merger and bankruptcy liquidation procedures.
From bankruptcy in 2019, to pre-reorganization in 2020, and now to complete liquidation, the car-making script of Pang Qingnian and Youth Auto Group has finally come to an end!
On February 11, New Year’s Eve, when every household was busy eating New Year’s Eve dinner and sending New Year blessings to relatives and friends, what Pang Qingchun received was from the People’s Court Announcement Website A bankruptcy document.
According to the announcement, creditors of Jinhua Youth Automobile Manufacturing Co., Ltd. should declare their claims to the interim administrator of Jinhua Youth Automobile Manufacturing Co., Ltd. before March 22, 2021.
This means that Jinhua Youth Automobile Manufacturing Co., Ltd. has entered the bankruptcy liquidation process and will officially step off the historical stage of automobile manufacturing.
In fact, as early as October 2020, the Jinhua Youth Auto Jinhua Economic and Technological Development Zone Management Committee had already started the preparatory work for the reorganization based on the company’s application.
Pang Qingnian, the founder of Youngman Auto, was awarded the title of "Zhejiang Businessman" in 2006 and 2009. However, he has been involved in lawsuits in recent years and was listed as the "person subject to execution" by the court and was suspected of contract fraud. was arrested. He was put on file for investigation on suspicion of contract fraud.
The controversy over hydrogen fuel vehicles has once again damaged his former image. Pang Qingnian's car-making journey collapsed!
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Previously, "China Business News" had repeatedly disclosed that this businessman from Tiantai County, Taizhou City, Zhejiang Province, appeared in many places in China through a very similar path. On the local investment stage, and left an "investment commitment" totaling 100 billion! "