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Youngman Lotus (Europestar) L3

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#1 ·
Proton has secured a deal to supply fully built-up (CBU) Proton GEN2 cars to Youngman Automobile Group Ltd Co. to be sold in China. The agreement was signed between Proton Managing Director Dato’ Syed Zainal Abidin Syed Mohamed Tahir and Youngman through its Chairman, Pang Qingnian.

The deal involves a minimum of 30,000 Proton GEN2 CBU cars that wil be rebadged in China under the brand EUROPESTAR and eventually Youngman and Proton (through Lotus Engineering) will be developing a new range of EUROPESTAR cars together. This supply contract is for a period of 20 months from the date of the first delivery of vehicles.

I think it’s best that the underlying components of these new EUROPESTAR cars use component sharing with Proton cars, that way the economies of scale for both Youngman’s EUROPESTAR and Proton can improve together. From what I understand, the deal involves technical licensing of the GEN2 platform as well as the CamPro engine for future EUROPESTAR cars

Proton MD Syed Zainal says these are landmark win-win agreements as it would enable Proton to sell its products and commercialise its technologies in China through Youngman for their brand of passenger cars in a huge market with promise of exponential growth. Imagine, the Chinese auto market is already huge as it is, yet in reality Chinese car ownership is only at 1% of it’s population and is set to grow by 20 to 30% annually.

“We are therefore positive with the prospects and export optimisation that will result in production volume increase at the Tanjung Malim plant. We are equally optimistic of the opportunities in commercialisation of PROTON’s technologies and intellectual property rights,” added Syed Zainal.

However, in Proton’s announcement in Bursa Malaysia, it stated that the relationship of Proton and Youngman is one of independant contracting parties and shall not be construed as creating an agency or partnership between the parties.
http://paultan.org/archives/2007/07/13/youngman-to-sell-proton-gen2-badged-as-europestar-in-china/
 
#5 ·
At the moment Proton is in financial difficulties as it's experiencing decrease in sales and in marker share. The company is looking for foreign partner. At the moment they are at talks with VW but no deal has been made yet.

The Prime Minister Datuk Seri Abdullah Ahmad Badawi says the government has not decided yet whether to allow management control of Proton by Volkswagen AG. He cited Volkswagen’s insistence on wanting to be very certain of everything - you could call it cautiousness - as one of the reasons why the deal is taking some time to be finalised.

“We want as soon as possible but we can’t force them to hurry up,” added Abdullah. Apparently Volkswagen is just waiting for a nod from the government in regards to the management control.
source: paultan.org
 
#6 · (Edited)
Youngman finally got its Chinese name - from China Car Times

Today we’re happy to report that the Lotus Racer, made via the Youngman Proton tie up will be called the Jing Su in China, this means to contend with quickness, or it could be translated as to struggle with quickness.
The Lotus designed motor should be on the Chinese market by the end of December priced at 120 to 150,000rmb. We’re not sure how, or where they will sell it though, we’ve yet to see a Youngman dealership, and if the car looks anything like this, they just wont sell.
 
#12 ·
From paultan.org:

348 units of completely built up Proton GEN2 cars are already on their way to China, having left the port today. This is the second shipment, with an initial batch of 60 already delivered earlier this month. Proton expects to ship a total of 1,600 CBU units by the end of January 2008. A total of 1,500 Proton GEN2s per month will be shipped over the next 20 months - a total of over 30,000 units. In addition, the first shipment of spare parts worth RM2 million has already been delivered.

The Proton GEN2 has undergone 6 months of testing in China in order to obtain the China Compulsory Certification, which includes build quality, crash test, safety, fitting, and component tests. It will be sold under the EuropeStar name in China.

Bookings for the Europestar-badged Proton GEN2 in the Chinese market has reached 1,600 units so far.
Europestar RCR is based on the GEN2 and it looks pretty much like a usual prefacelift GEN2 with Europestar badges slapped on! Many Chinese automotive publications have been referring to this car as a rebadged Lotus Racer, so the RCR most likely stands for RaCeR.

The Campro 1.6 liter engine under the Europestar RCR’s hood makes 84 kilowatts (112.6 horsepower) at 6,000rpm and 148Nm of torque at 4,000rpm - this is a 2 kilowatt boost over our standard 82 kilowatt (110 horsepower) Campro engines in Malaysia.

The Europestar RCR will be priced between 100,000 to 150,000 yuan, which is about RM45,000 to RM67,500. As previously mentioned, initial fully imported shipment into China by Jinhua Youngman will be 30,000 units, but once CKD operations are started the car will be offered at a lower price. It’s not known whether the version locally assembled in China will get the “unique styling“.
 
#13 ·
Europestar RCR officially launched in China.

The Europestar RCR was officially launched in China on the 9th of January 2008 in Beijing. Europestar is a brand of Youngman Automobile Sales Co. Ltd., and the Europestar RCR is basically a rebadged Proton GEN2.

Youngman is confident of selling the 30,000 CBU units of Proton GEN2s within the 20 month delivery period, and has appointed 40 dealers to support the launch in terms of managing its sales, service and spare parts operations for the Europestar brand in China. CKD operations will begin soon after at Youngman’s plant in Jinan, which has an annual capacity of 300,000 units.

The Europestar RCR is targeted at small business owners, middle-income salaried workers and civil servants between the ages of 25-35 who Youngman expects to find the model stylish, comfortable and yet affordable. Youngman wants to capture 20% of the hatchback market in China within 2 years.
source: paultan.org
 
#14 ·
RCR receives 3,800 orders in six days after launched in China!

January 15, 2008 - Just six days after being launched, the new-to-market Lotus RCR has received 3,800 orders in China, local newspaper Beijing Business Daily reported.

Lotus RCR was jointly launched by Chinese automaker Youngman Automobile Group and United Kingdom automaker Lotus on January 9 in Beijing. There are four options of the 1.6-liter RCR cars, which are priced between $17,800-20,500.

"We aimed to sell 30,000 units of RCRs this year," said Cui Wei, vice president of Youngman Auto, adding that the company will first import the completely built-up vehicles and later start assembling the completely-knocked-down or CKD kits.

The automaker also said it plans to launch 8 Lotus models with an engine size of between 1.6 litres and 3.0 litres, including sport car, sedan, SVU and MPV within the next four years. A little bit ambitious but the two partners are quite optimistic about the goal.
source: Gasgoo.com
 
#21 ·
Proton Plays China Card - from thetycho.com

Many motor industry observers were puzzled when Proton announced a deal to export its Gen2 to China. The question uppermost in most people's mind was "Why would a Chinese car company want to buy Proton cars for resale in its domestic China market?"

It's no secret that the car would be re-branded but the depths of the re-branding exercise were not plumbed.

To get the perspective, it must be remembered that there are about 200 car brands in China, domestic as well as imports and joint ventures. The total industry volume is seven million passenger car sales a year, 8.9 million if commercial vehicles are included.

The picture becomes clearer when you understand that Proton's importer is China's biggest maker of luxury buses and high-end trucks.

Yes, this company, the Jinhua City, Zhejiang Province-based Young- man Auto Company (Youngman), has a joint venture with Stuttgart- based Neoplan Bus, widely regarded as a premium coach designer and manufacturer with an output of 2,000 buses a year, occupying 70 per cent of the luxury bus market in China.

Youngman also has a joint venture to make MAN trucks and this is not surprising since this is the parent company of Neoplan, buses of which are popular with major airport authorities.

What's important is that Youngman's boss, the self-made Pang Qing Nian who didn't finish schooling, never mind not speaking or understanding English, believes in the power of branding.

"There are many good manufacturers out there, but to be a great manufacturer we need to do something that can change the world," the Youngman chairman was reported to have said at the signing of a joint venture with Santa Rosa, US-based Zero Air Pollution (ZAP) electric vehicle company, last February.

"I have built Youngman group based upon three key principles: quality product, technology and brand."

To answer the puzzle, it's all about branding. The Proton Gen2's design and engineering has major inputs from Lotus Engineering.

So the Proton Gen2 has a completely new brand in China, and this brand is EuropeStar. The Gen2 was supposed to have been called Racer, but this name was taken, and instead substituted with RCR.

On the boot end is the most important badge of all - Lotus Engineered.

Lotus therefore is the 200-something brand in China, one of the most brand-conscious nations in the world. And it's a very powerful brand too because people still remember the awesome history of Lotus founder Colin Chapman, his seven Formula One victories, and the current Lotus products like the new Europa, the Exige and the venerable Elise.

And it's very logical too because Youngman pays US$50 (RM156) a badge royalty for the Lotus Engineered badge. This is all money in the bag for Proton, the owner of Lotus.

The game doesn't end here though. Lotus engineers are retained to consult the Chinese carmaker and the mission now is to improve the interior fittings - the quality of the plastics.

"We sell about 30 RCRs a month and the customers like the ride and handling. What they don't like is the interior. Our buyers compare with Toyota and other Japanese imports," said Wang Ping, sales deputy general manager of the Hengzhou Kang permanent auto sale service limited company.

"Our solution then was to provide leather upholstery. We're working on improving the interior." The RCR is priced between US$17,800 and US$20,500.

Youngman has initially appointed 40 dealers to support the launch in terms of managing its sales, service and spare parts operations for the EuropeStar brand in China.

The logic of working with Youngman and the developing of the China market had earlier been expounded by an industry sage.

At that time, the talks with Volkswagen had just been declared over, and this wise one said that one good way for Proton would be to develop the China market, and to do a reverse take-over, i.e. sell suitable Proton models to China, localise the content and then import the high quality, low-cost components for the Malaysian market.

Towards this end, the first step was for Youngman to source high quality interior components from manufacturers in China. Once this supply chain was established, Proton would import these high quality, low-cost parts.

In areas where Malaysia still had advantages in volume and quality, for example engine heads, Youngman would continue to import.

The next Proton model for the China market is the Persona and this will also be rebranded EuropeStar. The specific model name is to be announced.

Lotus will provide Youngman with consultants to help with design work for several new models that will be launched under a new brand over the next five years. Lotus has already worked on projects with Youngman spanning the last two and a half years, and now the firm will help with the establishment of an all new brand.

Youngman is not the only Chinese manufacturer calling on the talents of Lotus Engineering. The company is already working with several clients in both China and India including Nanjing Auto, which will be re-launching the MG brand.

Last September, Youngman signed a joint venture agreement with ZAP to manufacture, market and distribute electric and hybrid vehicles for the passenger car, truck and bus markets. The new joint venture company will also focus on the development and manufacturing of electric charging.

The strategic partnership with ZAP will allow the joint venture company to bring highway capable electric and hybrid vehicles to the market like the ZAP-X crossover SUV.

"This is the most significant relationship that ZAP has ever entered into," said ZAP chief executive officer Steve Schneider.

"This joint venture will provide a platform for both ZAP and Youngman to focus each other's strengths to develop solutions that have the potential to transform the industry. Our energy will not stop at the vehicle engineering level. Using renewable energy to provide a cost effective recharging infrastructure to customers, we can change the world, one vehicle at a time," said Schneider.

The Youngman Automotive Group Co. Ltd

* Based in Jinhua City, Zhejiang, China

* Controls 70 per cent of the luxury motor coach market

* 1 million square foot manufacturing facility in Jinhua

* 4,000 employees, 700 R&D staff

* 7 new vehicle factories under development

* With new production facilities, capacity to produce 200,000 vehicles per year

* July 2007 - Youngman signed contract with Malaysia's Proton
 
#23 ·
Europa RCR to be made in China as of August.

The current Europecostar RCR (thats racer) is a CKD import from Malaysia’s Proton, these kits are then assembled in China and sold to Chinese consumers. Europestar sales are currently very low, around 30 cars a month, according to a previous article we posted, but Youngman appear to be aiming for sales of 30,000 vehicles in the first year. Youngman appear to be working hard to establish a brand using limited funds and ability. Hopefuly the Europestar brand will be able to increase their dealer networks, and product line ups over the coming months.

The Europestar RCR will be domestically made in China from August onwards, which will also see the Europestar brand increased to several models rather than the rather loneley looking RCR. Future models include MPVs and SUVs ranging from 1.6l to 3.0l displament.
Youngman will start to locally build Lotus RCR in August this year, Chairman of China's Youngman Automobile Group said on Monday.

This is the first time ever the Lotus brand car has been built in China, said Pang Qingnian, adding that the first batch of imported RCR race cars have already been sold now.

Pang said the automaker is in no rush to develop an own brand car as long as it owns the right to use it.

Lotus RCR was jointly launched by Chinese automaker Youngman and United Kingdom automaker Lotus in China in January. It is powered by a 1.6 Liter Campro engine. Its maximum output is 112 hp/6000 rpm and its maximum torque is 149 Nm/4000.

The automaker said it plans to sell 30,000 units of RCRs this year. In the next few years the automaker will launch 8 Lotus models with an engine size of between 1.6 litres and 3.0 litres, including the sport car, sedan, SVU and MPV.
sources: China Car Times and Gasgoo.com
 
#24 ·
Youngman-Lotus RCR to be China made in year end.

June 5, 2008 - China's Youngman Automobile Group, formerly a commercial vehicle OEM only, will delay its local production of the Proton Gen.2-based Europestar Lotus RCR hatchback from August to December this year. The delay caused by some policy requirements has also put the race car’s current China sales at a disadvantage.

Chinese automaker Youngman Auto and UK automaker Lotus jointly launched the first race car RCR in China in January this year. The model, which is based on the platform of Gen.2 produced by Lotus, is priced at 129,800 yuan ($18,700) to 139,800 (20,537). The Chinese automaker said it had spent over 2 billion yuan developing this model. The vehicle is also referred to by the company as the 'Youngman-Lotus RCR', which has been well received in the Chinese market.

The car was originally scheduled for local production in China in August. But now the car has not been permitted yet by China's environmental protection authorities, and the VINs (Vehicle Identification Numbers) of all cars imported to China have to be modified. As a result, buyers cannot get a license for the Youngman-Lotus RCR (like other new imported cars) until later this month. This has also affected the sales of the race car and delayed its local production to December. However, Youngman Auto said the car will be assembled in China in July.

The race car is powered by a 1.6 Liter Campro engine. Its maximum output is 112 hp/6000 rpm and its maximum torque is 149 Nm/4000. The car can accelerate to 100km/h in 10.5 second and its maximum speed can reach 190km/h. Europestar first offered the 1.6 model in China with either an automatic or manual gearbox to choose from.

At the 2006 Beijing auto show, China's Youngman Group signed a strategic cooperation agreement with British automaker Lotus.
From:Gasgoo.com
 
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