Jinhua Youngman Vehicle
Encyclopedia
Youngman is a Chinese manufacturer of automobiles, buses and trucks located in Jinhua
, Zhejiang
province. The company was founded in 2001 by Pang Qingnian.
(at this time known as Gottlob Auwärter GmbH & Co. KG) and MAN for the manufacture of buses and trucks. After increasing of orders, the manufacturer has built plants in the cities of Jinan
, Tai'an
, Lianyungang
, Quzhou
and some other places to meet the high number of orders. Currently the company employs more than 4,000 workers. Since 2001 Youngman is the largest bus manufacturer of the People's Republic of China and an official supplier for the markets of the Russian Federation
, South Korea, Singapore
and the Middle East. Individual units are sold to Europe and the United States of America. MAN takes only a marginal position within the Youngman concern. So the most CHinese MAN clients are companies who need special vehicles such as the main customer Daqing Oil Field Company
. Main sector is thus the dangerous goods
sector. More successful are the buses, which are marketed internationally.
In September 2006 Youngman established a joint venture with the Iranian state-owned carmaker Iran Khodro for the manufacture of the Samand and Soren
vehicles, to be produced at Youngman's Tai'an plant. Responsible for the supply of parts for the assembling is the French PSA Peugeot Citroën
concern.
Since 18 November 2006, Youngman is also the official importer of sports cars from the English manufacturer Lotus Cars
. In another joint-venture with the Lotus Group plc which was closed in December 2008, Youngman is assembling Lotus and Europestar branded cars in Guangdong
for the Domestic Chinese and export market. The units receive a Chinese independent brand to differentiate itself from the English sports car models. The Chinese part of the Lotus Cars is better known under the name Youngman Lotus. With the Lotus joint venture, Youngman is engaged in secondary activities as the exclusive importer of American automotive brand ZAP!
. Both brands had its China debut at the Beijing International Auto Show in 2009.
In 2007, Youngman acquired the American car brand Detroit Electric
, with the intention of manufacturing Proton-based vehicles for the North American market. In Europe, Youngman plans to establish itself to the European market with their new plant called European Automobile City. In May 2008 it was reported that Youngman had signed two major agreements with the Malaysian carmaker Proton
. The first was for the import of 30,000 Proton Gen2 models from Malaysia to China over two years, to be sold under the EuropeStar brand as the RCR model. The second was a licensing deal for Proton's Lotus-designed Campro engine, whereby Proton would sell 150,000 complete knock down units to Youngman over the subsequent six years. In June 2010 Youngman announced that it would be making an investment of CNY 4 billion in the construction of new manufacturing facilities in Haining, Zhejiang Province, for the production of passenger cars, alternative energy powertrain systems, vehicle bridges, transmissions and inner and exterior auto components.
On 29 October 2011 it was reported that Youngman and the Chinese automotive retailer Pang Da Automobile Trade Co had agreed a joint $140 million takeover of the Swedish carmaker Saab Automobile
and its UK dealer network unit from Swedish Automobile, with Youngman and Pang Da taking 60 and 40 percent stakes respectively.
Both 2 Chinese companies pledged to invest 610 million euros ($844 million), prompting a court to extend the manufacturer's protection against creditors.
Youngman currently produces coaches and trucks in collaboration with the Germany-based MAN Truck & Bus
. Coaches are sold under the Youngman and Neoplan
marques. Trucks are sold under the Youngman and MAN marques.
Jinhua
Jinhua is a prefecture-level city in central Zhejiang province of Eastern China. It borders the provincial capital of Hangzhou to the northwest, Quzhou to the southwest, Lishui to the south, Taizhou to the east, and Shaoxing to the northeast....
, Zhejiang
Zhejiang
Zhejiang is an eastern coastal province of the People's Republic of China. The word Zhejiang was the old name of the Qiantang River, which passes through Hangzhou, the provincial capital...
province. The company was founded in 2001 by Pang Qingnian.
History
Youngman was founded in 2001 by Pang Qingnian. After the completion of the constructions of factories, the company developed two joint ventures with the German companies NeoplanNeoplan
NEOPLAN Bus GmbH is a German automotive company that manufactures buses, trolleybuses and coaches. NEOPLAN is now a subsidiary of NEOMAN Bus GmbH, which itself is a part of MAN SE.-Foundations:...
(at this time known as Gottlob Auwärter GmbH & Co. KG) and MAN for the manufacture of buses and trucks. After increasing of orders, the manufacturer has built plants in the cities of Jinan
Jinan
Jinan is the capital of Shandong province in Eastern China. The area of present-day Jinan has played an important role in the history of the region from the earliest beginnings of civilisation and has evolved into a major national administrative, economic, and transportation hub...
, Tai'an
Tai'an
Tai'an is a prefecture-level city in western Shandong province, People's Republic of China.Centered around Mount Tai, the city borders the provincial capital of Jinan to the north, Laiwu to the northeast, Zibo to the east, Linyi to the southeast, Liaocheng to the extreme west and Jining to the south...
, Lianyungang
Lianyungang
Lianyungang is a prefecture-level city in northeastern Jiangsu province, People's Republic of China. It borders Yancheng to its southeast, Huai'an and Suqian to its south, Xuzhou to its southwest, and the province of Shandong to its north...
, Quzhou
Quzhou
Quzhou is a prefecture-level city in southwestern Zhejiang province, China. Sitting on the upper course of the Qiantang River, it borders Hangzhou to the north, Jinhua to the east, Lishui to the southeast, and the provinces of Fujian, Jiangxi and Anhui to the south the south, southwest and...
and some other places to meet the high number of orders. Currently the company employs more than 4,000 workers. Since 2001 Youngman is the largest bus manufacturer of the People's Republic of China and an official supplier for the markets of the Russian Federation
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, South Korea, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and the Middle East. Individual units are sold to Europe and the United States of America. MAN takes only a marginal position within the Youngman concern. So the most CHinese MAN clients are companies who need special vehicles such as the main customer Daqing Oil Field Company
Daqing Field
Daqing Field , formerly called "Taching", is the largest oil field in the People's Republic of China, located between the Songhua river and Nunjiang river in Heilongjiang province....
. Main sector is thus the dangerous goods
Dangerous goods
Dangerous goods are solids, liquids, or gases that can harm people, other living organisms, property, or the environment. They are often subject to chemical regulations. "HazMat teams" are personnel specially trained to handle dangerous goods...
sector. More successful are the buses, which are marketed internationally.
IKCO Samand Soren
Soren is a face lift version of Samand which shown to public in early 2007. It came with a driver airbag, pretensioner seat-belts, headlight height adjuster and active antenna but no other noticeable options.Soren ELX=...
vehicles, to be produced at Youngman's Tai'an plant. Responsible for the supply of parts for the assembling is the French PSA Peugeot Citroën
PSA Peugeot Citroën
PSA Peugeot Citroën is a French manufacturer of automobiles and motorcycles sold under the Peugeot and Citroën marques. Headquartered in the 16th arrondissement of Paris, PSA is the second largest automaker based in Europe and the number eight in the world.-History:In December 1974 Peugeot S.A....
concern.
Since 18 November 2006, Youngman is also the official importer of sports cars from the English manufacturer Lotus Cars
Lotus Cars
Lotus Cars is a British manufacturer of sports and racing cars based at the former site of RAF Hethel, a World War II airfield in Norfolk. The company designs and builds race and production automobiles of light weight and fine handling characteristics...
. In another joint-venture with the Lotus Group plc which was closed in December 2008, Youngman is assembling Lotus and Europestar branded cars in Guangdong
Guangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
for the Domestic Chinese and export market. The units receive a Chinese independent brand to differentiate itself from the English sports car models. The Chinese part of the Lotus Cars is better known under the name Youngman Lotus. With the Lotus joint venture, Youngman is engaged in secondary activities as the exclusive importer of American automotive brand ZAP!
ZAP (motor company)
ZAP is an electric vehicle company that designs, produces and markets vehicles including automobiles, motorcycles, bicycles, scooters, personal watercraft, hovercraft, ATVs, neighborhood electric vehicles and commercial vehicles. The name stands for Zero Air Pollution...
. Both brands had its China debut at the Beijing International Auto Show in 2009.
In 2007, Youngman acquired the American car brand Detroit Electric
Detroit Electric
Detroit Electric was an automobile brand produced by the Anderson Electric Car Company in Detroit, Michigan. Nowadays, a Chinese British entrepreneur is leading Detroit Electric to develop affordable and high quality pure electric vehicles in mainland Europe...
, with the intention of manufacturing Proton-based vehicles for the North American market. In Europe, Youngman plans to establish itself to the European market with their new plant called European Automobile City. In May 2008 it was reported that Youngman had signed two major agreements with the Malaysian carmaker Proton
Proton
The proton is a subatomic particle with the symbol or and a positive electric charge of 1 elementary charge. One or more protons are present in the nucleus of each atom, along with neutrons. The number of protons in each atom is its atomic number....
. The first was for the import of 30,000 Proton Gen2 models from Malaysia to China over two years, to be sold under the EuropeStar brand as the RCR model. The second was a licensing deal for Proton's Lotus-designed Campro engine, whereby Proton would sell 150,000 complete knock down units to Youngman over the subsequent six years. In June 2010 Youngman announced that it would be making an investment of CNY 4 billion in the construction of new manufacturing facilities in Haining, Zhejiang Province, for the production of passenger cars, alternative energy powertrain systems, vehicle bridges, transmissions and inner and exterior auto components.
On 29 October 2011 it was reported that Youngman and the Chinese automotive retailer Pang Da Automobile Trade Co had agreed a joint $140 million takeover of the Swedish carmaker Saab Automobile
Saab Automobile
Saab Automobile AB, better known as Saab , is a Swedish car manufacturer owned by Dutch automobile manufacturer Swedish Automobile NV, formerly Spyker Cars NV. It is the exclusive automobile Royal Warrant holder as appointed by the King of Sweden...
and its UK dealer network unit from Swedish Automobile, with Youngman and Pang Da taking 60 and 40 percent stakes respectively.
Both 2 Chinese companies pledged to invest 610 million euros ($844 million), prompting a court to extend the manufacturer's protection against creditors.
Products
Youngman sells passenger cars in China under the Lotus marque. Current products include the L3 and L5 models, and are engineered with the assistance of the United Kingdom-based Lotus Engineering.Youngman currently produces coaches and trucks in collaboration with the Germany-based MAN Truck & Bus
MAN Truck & Bus
MAN Truck & Bus AG is the largest subsidiary of the MAN SE corporation and one of the leading international providers of commercial vehicles. Headquartered in Munich, Germany, MAN Truck & Bus produces trucks in the range from 7.49 to 44 t gvw, heavy goods vehicles up to 250 t road train gvw,...
. Coaches are sold under the Youngman and Neoplan
Neoplan
NEOPLAN Bus GmbH is a German automotive company that manufactures buses, trolleybuses and coaches. NEOPLAN is now a subsidiary of NEOMAN Bus GmbH, which itself is a part of MAN SE.-Foundations:...
marques. Trucks are sold under the Youngman and MAN marques.