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On July 24th, President of Youngman Automobile Group Pang Qingnian said to the press that the Group had quited Haining auto parts program and Guizhou Liupanshui program and would focus on the construction of three bases in Hangzhou, Jinhua and Shandong.
As the model of private auto manufacturer, Youngman took 70% of the market of over CNY 1.3 million buses and nearly 100% of the market of over CNY 2 million luxury buses. Youngman NEOPLAN used to be the label of China"s high-end buses.
However, in the complicated market, Youngman encountered some setbacks in some fields, even including the bus field. Quiting several programs this time reflects an adjustment and important progress for the weathering Youngman, after which the Group will be more competitive.