AutoBeta(AutoBeta.net)03/13 Report--

In a CCTV "face-to-face" program, Dong Mingzhu once again talked about investment Yinlong issues, Dong Mingzhu said that the outside world does not understand her investment behavior, Yinlong can provide Gree with a car air conditioning platform, a certain expert to the enterprise comment on the head, but do not understand the enterprise behavior.

The host asked,"Some people say that the facts of this period prove that the decision of the board of directors (rejecting the acquisition of Yinlong) is correct," Dong Mingzhu replied: "The comments of the outside world only know one thing and don't know the other. They are standing from their expert point of view to see the decision of an entity enterprise." I don't want to complain about the reasons behind (investment in Yinlong). It doesn't matter if there is no investment, but for Gree's longer-term development, we must enter this field. Why? We have not been recognized by others for so many years, Yinlong has provided me with a platform for car air conditioning. Through this year's sales, car air conditioning has not only served Yinlong. The door has been opened, and the auto industry is looking again at the benefits of Gree's car air conditioning."

For the comments of outside experts, Dong Mingzhu said it was not scientific: "It's so simple outside, I've seen some experts in front of me. Anyway, I don't know if these experts have done business, commented on enterprises and talked so well. I want to ask, if he has the ability to do a demonstration for me."

Yinlong was founded in December 2009 in the fields of research and development of new energy-related technologies, production and sales of lithium-ion power batteries and energy storage batteries, and development of hybrid and pure electric vehicles. In 2010, Yinlong spent about 400 million yuan to acquire 53.3% of the shares of Austrian titanium in the United States, mastered the stone method nano-ball technology, and then acquired energy storage technology and lithium titanate battery technology.

In December of the same year, Dong Mingzhu decided to make private investment in Zhuhai Yinlong after the plan to acquire Zhuhai Yinlong at the price of 13 billion yuan of listed companies was frustrated. After three additional investments in Zhuhai Yinlong, Dong Mingzhu already held 17.46% shares of Zhuhai Yinlong. A new energy company that has been unknown for 8 years has made Dong Mingzhu enchanted.

However, Zhuhai Yinlong fell into trouble in 2018, and public opinion storm of shutdown and production continued. At the beginning of last year, it was also exposed that suppliers came to collect debts. Zhuhai Yinlong, which claimed to have a total investment of 80 billion yuan, was also exposed to debts of 1 billion yuan, and was blocked by Zhuhai Siqi, an electric vehicle equipment supplier. At the end of last year, Dong Mingzhu also "fell out" with Wei Yincang, former chairman of Yinlong New Energy, and Sun Guohua, former president. Yinlong New Energy issued a statement saying that Wei Yincang, former chairman of Yinlong New Energy, and Sun Guohua, former president, were suspected of embezzling more than 1 billion yuan of company interests through illegal means. After that, Yinlong New Energy filed a civil lawsuit with Zhuhai City Intermediate People's Court.

At the end of last year, Dong Mingzhu also admitted that only after entering Yinlong did he know it was a "hole", but he also said he did not regret building a car. As for the saying that Yinlong changed into a hole, Dong Mingzhu said,"It really is a hole." She believes that if an enterprise wants to do well, entrepreneurs should think more about giving rather than getting, not only to investors, but also to society. Dong Mingzhu said: "Joining Yinlong in the past year is very hard, but I think it's worth it, because through this experience, this challenge, the future will be better."

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat