Worried about the possibility of landing a joint venture with Jianghuai

August 4, in Yang Rong will be a joint venture with Jianghuai automobile new energy vehicles released news, the right group (1188. HK) and Jianghuai Auto (600418) shares rose 14.04% and 8.09% respectively.　　However, Dr. Song Jian, an independent non-executive director of the Orthodox group, said in an interview with China Securities News that there was uncertainty about whether the joint venture would be able to land in the future.　　There are also speculation about whether the domestic car-building plans have changed, people familiar with the Chinese securities News reporter, Yang Rong did not give up the acquisition of a A-share company plan, the show is still behind. The joint venture's main thrust in the announcement of the listed companies did not disclose the details of the joint venture, and the market was concerned about the technical level of the company.　　Jian said the joint venture, which focuses on hybrid power, should be at the leading international level, perhaps more advanced than Toyota, but it has not yet been made. It is understood that the right path exclusive use of the German Fev hybrid technology. Germany Fev is a world-renowned internal combustion engine research and development company, mainly engaged in engine technology, production and engine-related testing equipment.　　FEV Company has established cooperative relations with FAW, SAIC, brilliance and other companies. In addition to having hybrid technology, the group has bought the best Beth Green energy in Zhejiang and has a battery business, says Song Jian, who also commissioned a company to develop cars in the United States and 6 square miles in one state.　　The company plans to build 3 million new energy vehicles and 3 million hybrid engines in the United States and China in the future. In Song Jian's view, the prospect of hybrid power is more promising.　　He believes that pure electric in the foreseeable future can not be widely used, but only in some local area can be used, the main problem is that the battery consumption, battery charge a limited number of times, every time the electricity is a loss, unlike the traditional car fuel tank life so long. However, Song Jian for the joint venture company in the future can "landing" expressed concern, "after all, Yang Rong can not come back, can not fully say no problem", "the project is not a good prospect."　　Jianghuai automobile concerned Personage said, details are currently inconvenient to disclose, next week the company may announce the details and approval results. Plans to buy 3-4 companies to the right group of people have said to the media before the end of the year should be completed on the domestic 4 A-share company's acquisition.　　After the announcement of the joint venture with Jianghuai Auto, it was speculated whether the plan to buy a A-share company in China had been changed because of its obstruction. However, people familiar with the situation said the goal of the right path to acquire 3-4-a-share companies had not changed, and the joint venture was just another form of domestic car-making. In recent times, the right path has been actively engaged in contact with the listed companies, and some local governments have also given support.　　And the Jianghuai project, in fact, has been supported by local governments. However, analysts speculate that Jianghuai cars may not be very willing to cooperate with the right path. October 2002, Liaoning provincial procuratorate arrested for economic crimesYang Rong, and thus fled the United States, Liaoning provincial procuratorate has not yet withdrawn the arrest decision and the arrest warrant.