乐生活It’s a bit too simple to define Pang Youth behind Nanyang Hydrogen Fuel as a cheater.
This man is also a well-known entrepreneur in Zhejiang Province. During the period of expansion, there were several production bases throughout the country. The local media in Zhejiang reported Pang Youth. He was praised all the time. Even in 2017, when he had to disappear in the Erdos fraud case, the local media still made his comeback with the closing statement of "no more ventures in the future". A positive report was made.
It’s not that Zhejiang people are broad-minded. It’s Pang Youth’s group company. Commercial vehicles have been doing well indeed. They have also received a large number of orders for the 2008 Beijing Olympic Games. But the root of a series of problems that he later raised in the passenger car field is probably that his commercial car is doing well.
He started building cars almost at the same time as Li Shufu. He was enthusiastic about cars before 2000, and Pang Youth succeeded earlier. In 2001, he cooperated with Neoplan, Germany, to buy each other’s models and manufacture them in China. Every year, he only needed several hundred euros to authorize each other’s cars. Then he soon gained monopoly in the luxury bus industry in China. At one time, his youth bus occupied 90% of the 1.5 million bus market, and the Germans had to look at his face.
This led him to enter the passenger car field later, thinking that this road can be replicated, only want to cooperate with each other’s car models, hoping that by gaining the right to sell in the market, naturally everything can be said, rather than other car companies, early efforts in research and development. When Pang Youth accepted the 21st Century Economic Report, he said, "The biggest driving force in the world is the market, not technology. As long as it occupies the market, it’s easy to talk.
But he almost lost again and again on the bus. The actual sales of the high-expectation Lotus car are half the target. After the expiration of the cooperation with the Malaysian Lotus Project, the Lotus car has not entered the best-selling list in the Chinese market. Busy for several years, lost the best opportunity for domestic private enterprises to build cars, after a series of movement deformation is not surprising.
Later, in the acquisition of Saab, it can be said that Pang Youth’s paranoia and one-step mentality are vividly expressed. In 2008, when General Motors came out to sell Saab, Pang Youth was determined to buy it. From 2008 to 12 years, he offered a price ranging from 2 billion kroner plus yards to 4.6 billion kroner, but eventually the deal was settled with 1.8 billion kroner.
In the course of the talks, Pang Youth has also been continuously injecting capital into Saab. According to a report in Automotive Business Review, during the five-year negotiation of the purchase of Youth Automobile, Saab received 500 million yuan of blood transfusion. Until Saab declared bankruptcy a week ago, Youth Car injected 3.4 million euros into Saab.
And this long and rugged acquisition is the key part of Pang Youth’s so-called Ordos fraud case.
While Pang Youth talked about acquisition, he boasted to the Ordos government that he would invest more than 20 billion yuan to build the Saab production line in Ordos. In 2011, when Ordos was questioned as a "ghost city" and "real estate collapse" prevailed, the local government was simply heartened by such a promising automotive industry, promising a quota of more than 1 billion tons of coal resources to Pang Youth’s companies in addition to land-giving policies.
Pang Youth turned around and found an energy company in Jilin, selling coal indicators to each other. Jilin also paid Pang Youth 200 million deposits according to the contract. However, the late acquisition failed, and the Ordos government did not give Pang Youth the coal target. Jilin started to collect deposits from the company. Pang Youth could only hide for a time, but also took the other party to court, saying that the failure of the Saab acquisition resulted from the other party’s untimely payment.
That project ended up being a complete chicken feather.
The company in Jilin once appealed to the local police to ask for money from the important people in Jinhua, Zhejiang Province. Because of the jurisdiction, the matter of asking for money has been brought to the attention of the Ministry of Public Security. The important people’s affairs are more dog-blood. Jilin has issued arrest warrants to take compulsory measures against Pang Youth. However, Pang Youth is a deputy of the People’s Congress of Zhejiang Province. Only when Pang Youth is reported to the Standing Committee of the People’s Congress of Zhejiang Province for approval can he act But because of the lack of cooperation on Zhejiang’s side, Jilin had to give up.
Pang Youth hasn’t stopped his activities in the commercial arena these years. The project of water and hydrogen fuel first appeared in Zhejiang in 2017, and was reported positively by the local media in Zhejiang at the beginning, but somehow he didn’t get money in Zhejiang, but went to Nanyang.
Looking at Pang Youth’s resume, there is a feeling of looking at Jia Yueting’s resume. Jia Yueting said, "Even if the car-making makes us happy, we will never turn back." Pang Youth’s projects in Ningxia and Ordos have been questioned as "fraud". For so many years, he still likes to circle around the "car" one after another.
Speaking of this, what is more incomprehensible is how local governments can be so easily deceived?
