For a period of time, Yinlong Group became the focus of people's attention. Dong Mingzhu had some disputes with Wei Yincang, former chairman of Yinlong Group, and Sun Guohua, former president of Yinlong Group. Dong Mingzhu signed a capital increase agreement with Yinlong Group in the early days, and other famous companies also signed agreements with Yinlong Group, and they obtained a part of the equity of Yinlong Group. Dong Mingzhu treats Yinlong like his own child.
Zhuhai Yinlong Co., Ltd. is mainly engaged in new energy. A few years ago, Dong Mingzhu, chairman of Gree Electric, and Wei Yincang, chairman of Yinlong Group, signed the project of "Yinlong New Energy Production City Integration Industrial Park" in Henan. Shortly after Dong Mingzhu joined Yinlong, Yinlong New Energy Group had problems. The officials of Yinlong Company, such as Wei Yincang and Sun Guohua, used illegal means to occupy the company's interests 10 billion yuan. So Dong Mingzhu won a beautiful victory with legal weapons. Sun Guohua and others have been criminally detained, but Wei Yincang has gone to the United States.
Wei Yincang is the founder of Yinlong Group, formerly known as Yintong New Energy Co., Ltd. Wei Yincang seized the hot spot at that time and opened the curtain for new energy vehicles. Later, Yintong Group also acquired American Olympic Sports Center and Zhuhai Guangtong Automobile Co., Ltd., and the general manager of Purun Capital was very optimistic about the development of Yinlong Group and became an investor of Yinlong Group. Wei Yincang even gave way to Lu Chunquan, the chairman, and then Dong Mingzhu appeared.
It is understood that before this, Dong Mingzhu and Wei Yincang had some differences and disputes on some matters of the company. It is understood that Wei Yincang has three civil litigation cases, one is Huarong International, the other is that Wei Yincang sold patents to the company many times, and the other is that Yinlong Company sold cars to Wei Yincang and a company controlled by Sun Guohua, but Shentong Company refused to pay, amounting to hundreds of millions of yuan.