Anyone with a little knowledge of the "law of conservation of energy" should know that this is a scam, but the concept of "aluminum alloy catalyst" can indeed scare some people with poor math, physics and chemistry scores.

First of all, let’s popularize what a catalyst is - a substance that can change the chemical reaction rate of reactants in a chemical reaction without changing the chemical equilibrium, and its own mass and chemical properties do not change before and after the chemical reaction is called a substance. catalyst.

The most important thing about a catalyst is that it does not cause loss, but it can change the rate of chemical reactions.

Can hydrogen be produced by just adding a catalyst to water? Of course not. If you don’t believe me, ask your chemistry teacher.

So how to make water produce hydrogen? This requires adding acid or alkali, and then adding metals that are easily soluble in acid and alkali (such as aluminum, zinc, etc.). Their chemical reaction will produce hydrogen, but acids, alkali and metals will continue to be consumed and need to be constantly replenished. If a catalyst is added at this time, the chemical reaction will be more violent, but the catalyst does not need to be replenished.

Youngman Auto’s claim that it can “run by adding water” is actually deceiving people who don’t understand chemistry.

On the day when the Youth Hydrogen Fuel Vehicle was born, Everbright Financial Holdings Capital Co., Ltd. set up a 5 billion yuan fund to support, Li Shaoping, Chairman of Everbright Financial Capital Capital Co., Ltd., and Pang Qingnian, Chairman of Youth Auto Group Attended the signing ceremony.

Will the capital tycoons with more than 5 billion in funds not be able to understand the "water turns into oil" scam? This possibility is very low.

By searching the corporate credit of "Everbright Financial Holdings Capital Co., Ltd.", we found that it was established on July 15, 2016, with a registered capital of only 50 million yuan!

This is strange. A company that has been established for one and a half years and has a registered capital of only 50 million yuan claims to have invested 5 billion yuan, and it is still a despicable "water turns into oil" scam. . Whether Li Shaoping, chairman of Everbright Financial Holdings Capital Co., Ltd., who was responsible for signing the contract, was deceived by Pang Qingnian, or whether the two conspired to defraud together, the relevant departments deserve further investigation. Youngman Auto pulled this 5 billion fund to carry the banner. The author thinks it is obvious that it wants to defraud financing.

Behind the "Batie" project is the operation of a wealth management company "Huaying Kailai" that engages in online financial P2P. It hyped up the "Batie" and then sold the investments bundled with the "Batie" project. Financial management products, Huaying Kailai used it to raise more than 4 billion. On July 11, 2017, the chairman of Huaying Kailai was arrested for illegal fund-raising, and the bustling "Batie" finally came to an end. 4.8 billion in debt, 40,000 investors lost all their money!

LeTV was once known as the "first stock on the GEM", with a peak market value of more than 170 billion yuan, and its business covers television, mobile phones, and sports. Jia Yueting, who was billed as "Jabs" two years ago, has almost been kicked out of the three major indexes such as , film and television, and online ride-hailing. Jia Yueting is the most dazzling "capital darling" in China. Currently, many of his equity holdings such as LeTV Holdings, LeTV Zhixin, and LeTV Network have been frozen. At the same time, Jia Yueting was also listed as dishonest by the court in December. Contact blacklist, LeTV investors basically lost their money.

Did Youngman Auto have a history of fraud? During the new energy vehicle subsidy fraud scandal in February last year, the Ministry of Industry and Information Technology website announced that it had investigated 7 companies. Among the automobile companies’ administrative penalties, Youth Auto is one of them.

The Xiaoshan Court’s bankruptcy liquidation case on June 9 last year included three affiliated companies of Youth Auto Group: Zhejiang Youth Lotus and Zhejiang Youth Lotus. Engine Co., Ltd. and Hangzhou Yaman Engine Co., Ltd.

Youngman Automobile is really out of money. The "hydrogen fuel vehicle" project may be the last blow in its desperate struggle. Whether it can get financing is the key. .