Yang Rong (businessman)

In this Chinese name, the family name is Yang.

Yang Rong (Chinese: 仰融; born 1957), also known as Yung Yeung[1] and Benjamin Yeung[2] is an exiled Chinese tycoon.[3] He was born in Shanghai in 1957. Only a year after the magazine Forbes proclaimed him China's third richest businessman in 2001,[4] Yang fled to the US following a dispute with the Chinese government.[5]

Famous for his close association with a Chinese microvan manufacturer, Yang has continued to be involved in the automotive industry since his flight to the US. There, his ventures have yet to achieve the same scale of success as those in his native China have done.

In the US, Yang has been involved with at least two businesses, Greentech Automotive and Hybrid Kinetic Motors.[6] The latter is a hybrid vehicle company with an aim of manufacturing cars in Alabama,[7] and the former planned to build all-electric vehicles in Mississippi.[8] Hybrid Kinetic later dropped its Alabama plans due to a funding shortfall in 2009,[9] and Yang has distanced himself from his other American venture, Greentech Automotive.[10]

  1. ^ Cite error: The named reference rightfacts was invoked but never defined (see the help page).
  2. ^ Report: Hybrid Kinetic Motors to spend $500 million for Italian styling green.autoblog.com, Jan 21st 2010
  3. ^ Cite error: The named reference wrongfacts was invoked but never defined (see the help page).
  4. ^ "China's 100 Richest Business People". Forbes. 12 November 2001. Archived from the original on December 27, 2001. Retrieved 2009-04-25.
  5. ^ Cite error: The named reference ft was invoked but never defined (see the help page).
  6. ^ Niedermeyer, Edward (7 October 2009). "GreenTech Automotive Reveals Prototypes". The Truth About Cars. Retrieved 2 August 2013.
  7. ^ Chappell, Lindsay (2 August 2010). "Hybrid Kinetic's big plans -- at least on paper". Automotive News 84(6423).
  8. ^ MOTAVALLI, JIM (September 8, 2011). "GreenTech Intends to Build E.V.'s in Mississippi". Wheels Blog. The New York Times. Retrieved 2 August 2013.
  9. ^ Niedermeyer, Edward (July 28, 2011). "What Happened to Hybrid Kinetic Motors?". The Truth About Cars. Retrieved 3 August 2013.
  10. ^ Schmitt, Bertel (8 August 2011). "Clinton's Sleepover Fundraising Maven Breaks Ground For 300,000 Car Factory In Inner Mongolia While Chinese Head To The U.S. On $500,000 Green Cards". The Truth About Cars. Retrieved 2 August 2013.