3
http://www.young-man.cn/eng/index.aspChina Youngman Automotive Corp. Ltd is a comprehensive automotive industry group, with 3 subsidiaries that is Commercial Vehicle Co., Ltd, Passenger Car Co., Ltd and Auto Parts Co., Ltd, integrated with manufacturing and selling NEOPLN coach, heavy truck of MAN, Lotus car and components. Pang Qingnian , Chairman and President of Board , is honored as Senior Economist, National Innovation Expert ,the Great Master of Economic management, Top 50 of the Economical Character Evaluates of 2006, the rop 10 of the man of time Zhejiang 2006, the Party Repesentative of 12th Zhejiang Congress of Communist Party of China. At present, the group has about 4000 empolyees, including over 600 R&D staff s and over 10 foreign experts. The group’s headquater is located in Jinhua. There are production bases in Ji’nan,Tai’an, Lian Yungang, Quzhou.
Coorprated with NEOPLAN Company in Germany, the products are covered with every area, including Grand Touring, City bus , coach for special use. From 2001, Grand Touring ,which home marketing share is over 80%,keeps the leading position in high-grade coach and achieves perfect success in top-brand coach. The city bus is monopoly of Chinese market of low floor frame, and it awards a bit of 1000 in Beijing City bus bidding for Olympic. Also, coach is exported to U.S.A, Europe, Russia, Korea, Singpor, East Asia and others.
It develops successfully 5 series around 40 types in response the huge market demand of special vehicle for forwarding transpotation, bulk goods transportaion,oil transportation and fire fighting.That is, tactor series,specail vehicle series, chassis components series for specail vehicle, military vehicle seires,light truck series. They have been hot sale in the transportation market for express, dangerous, bulk goods and some noted enterprise,such as DAQING .
The production of car is coorprated with Lotus (England),which was establised on 1th,Jan,1952 and is one of the top 3 famous manufacturers of Sport Vehicle with Ferrari and Porsche. Lotus has an excellent reputation in the world. Its design is the best,especially, they has rich experience and professional technics in whole automobile and power assembly . On 18th Nov.2006, they introduce Lotus technology and set up R & D center with Lotus Exhibition and brought out the first new Coupes at Paking International Automobile. Then 8 new types are planning under Lotus technical assistance, which capacity is from 1.6 lit to 3.0 lit. It covers cars,coupes,SUV,MPV and so on, including 007series,008series,009series. The market propect is very favorable with its internatioanl brand, advanced technique as well as the excellent sale mashwork.
The development of China Youth Automotive Corp. Ltd is fully affirmed by country and local governments, It is honoured the top 10 of Chinese Coach Enterprise, the top 500 of Chinese Machinery Industry, “the National Key Hign and New Technologies Enterprises”, “ the Natioanl Torch Plan”. Pang qingnian, the Chairman, has all along attached importance of energy-saving, environment protection and social responsbility and contrbuted to our society, his requirments to the Ltd is looking at things from a higher evaluation. After a few stages of innovation, the high-capacity coach achieves to decrease the tail gas at 50% at record level; For the truck , it aims to the modern logistics , if the projects could be realized,it will decrease the gas emmissions over 50% in Logistics Area in China; For the car, they try their best to save oil and protect environment from design and expense.The Chinese Ministry of Transportation is associated with China Youth Automotive Corp to carry out the demonstration and popularization project of high-capacity coach and modern logistics. If it could be brought into effect in China ,the annal amount of energy saving should be equal to double of Daqing Oil Field, and one and half oil output of Bao Gang Steel Group
To be far-sighted based on the current situation the group confirms the strategy development policy, integrates globel resource,coorperates with top-grade group, complement and coordinate the advantages, make three platforms,explores three areas to develop steady. Coorprated with ZAP U.S.A, MAN, NEOPLAN,and LOTUS, the most advanced battery ,battery management system and the motor technology is applied in NEOPLAN COACH, Truch of Man, Car of Lotus. The reproducible electron without emission and polution takes the place of oil which is nonrenewable.
http://www.neoplan.com.cn/index.htmThe YOUNGMAN Coach Company ,which is the pillar industriy in YOUNGMAN Commercial Vehicle Co.,Ltd has set up 11 new records from it was establshed. It guides and pushes the development and advancement in home coach area by leading professional technology and excellent performance and is to be the standard advocate and is honoured the most professional manufacturer in China.
YOUNGMAN Coach Company convers 640 mu. The technology for luxury coach and the top brand “NEOPLAN”was introduced in 1999. Adopted the outfit of technical drawing, the luxury coach marked”NEOPLAN”was assembled and finished by the staffs trained by “NEOPLAN Garmany”and was in charge of many foreign experts such as Mr. David who is the chief engineer in”NEOPLAN.
The company building and production lines Workshop were disgined by the 9th Academy of Mechanical Industry,with 120.000m2 modern union building . It is the biggest production base of coach with integral body. The yearly output is 10000.
http://www.autobloggreen.com/2008/01/31/zap-and-youngman-reach-a-deal-for-north-american-bus-market/Youngman Automotive Group, one of China's leading bus manufacturers, has signed a second exclusive distribution agreement with US electric car pioneer ZAP granting the rights to distribute its full line of buses in North America, the two companies announced jointly today.
Youngman has become a leading manufacturer of buses in China under the leadership of Chairman Pang Qingnian. The Company specializes in luxury motor coaches for tourism and corporate use as well as high quality public transportation for municipalities. Youngman's motor coaches have been issued a five star rating by the Chinese Ministry of Construction. The Company also builds high-quality commercial trucks and recently received one of a limited number of licenses to make automobiles from the Chinese government. A leader in China's manufacturing sector, Mr. Pang was recently elected as a Congressman for Zhejiang province.
"The more I look at the emerging market for advanced technology vehicles, the more I see that ZAP is one of the only companies offering a selection of vehicles available for sale today," said Youngman Chairman Pang. "Buses can only enhance ZAP's overall business plan and I decided, rather than wait until the joint venture vehicles become available, to do something today that can benefit both companies. Also, my family and I have come to know Mr. Steve Schneider over the past year and this has become much more than a business relationship. I have complete confidence and trust in him and working together I believe we can make a difference for the world environment."
Youngman is currently manufacturing and exporting six bus platforms available in 71 different configurations with the capacity to build 10,000 units annually. Youngman and ZAP expect to introduce buses using electric, hybrid and other advanced technology power trains as part of their joint venture. While today's agreement is based on conventional bus technologies, ZAP CEO Steve Schneider is looking forward to marketing energy efficient buses, particularly those that run on compressed natural gas.
"These buses are highly profitable and will add to our marketing and distribution strategy," said ZAP CEO Steve Schneider. "Youngman is already exporting to Russia, Germany, other parts of Europe and the Pacific Rim and we look forward to introducing these low-cost, high quality buses to the North American market. Initially our objective is to attract volume distribution to penetrate the market with a longer-term objective of creating economic growth and green collar jobs in California."
This is the second exclusive distribution agreement for ZAP with Youngman. In October 2007, the two companies signed a joint venture agreement to manufacture, market and distribute electric and hybrid vehicles for the passenger car, truck and bus markets. ZAP will focus on marketing and distribution while Youngman will contribute manufacturing and development resources. Albert Lam is the Chairman of the joint venture company as well as a member of ZAP's board of directors.
"Since joining ZAP I wanted to make a contribution towards the company's future. Bringing ZAP and Youngman together on this distributorship arrangement can take ZAP to the next level," said Mr. Lam, who stepped down as CEO of Lotus Engineering last year to be Chairman of the new joint venture company being established between ZAP and Youngman.
Lam added: "After completing a world tour with Steve Schneider and seeing the reactions on a global level from the manufactures, suppliers, distributors, and investors, I could not be more enthusiastic. The world is changing and it takes visionary companies with an entrepreneurial spirit like ZAP and Youngman to take a leadership role and make things happen."
About Youngman Automotive Group
Youngman recently introduced advanced manufacturing technology to its facilities in a joint venture with Neoplan of Germany. Youngman's manufacturing is based on the ISO9001 international standard of quality for its bus production. The manufacturing facility in Jinhua, China covers an area over four million square feet. Youngman employs 4,000 workers, including 700 research and development staff. With seven production facilities in process, Youngman expects to soon have the capacity to produce 200,000 vehicles per year, including a capacity to build 10,000 buses annually.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
