Photo: IC Photo
The ex-head of an electric-vehicle company with close ties to appliance giant Gree has been detained — but it’s unclear where he’s being held, or by whom.
The EV company, Yinlong Energy, confirmed publicly on Thursday that former President Sun Guohua is “being detained.”
Sun and partner Wei Yincang had a falling out with the company last year, with Yinlong accusing the two of embezzlement and abusing government subsidies. The company even sued the two for misappropriation of more than 1 billion yuan worth of corporate assets.
Wei himself founded Yincang in 2009, but is now in the United States, the company said.
Though a decade old, Yincong became well-known only in 2016 when Gree’s charismatic and powerful chairwoman Dong Mingzhu became a major shareholder of the firm.