Zhejiang Wanliyang New Material Co., Ltd. has successfully applied for a special ultra-long-term national debt of 99 million yuan in the first batch of the "two new" (new industries and new business forms) fields in 2024, which will be used to invest in the first phase of the project with an annual output of 120,000 tons of new energy vehicle alloy structural parts. This ultra-long-term national debt will be mainly used for the recycling and intensive processing of waste aluminum.

This project focuses on the recycling and intensive processing of recycled aluminum resources, producing alloy structural parts for new energy vehicles for domestic leading automobile brands such as Geely and BYD.

In the coming years, China will usher in a peak period of vehicle scrapping and replacement. Aluminum alloy components are important components of automobile bodies, and the annual compound growth rate of waste aluminum recovery has reached 13%. Wanliyang New Material has currently reached an annual capacity of processing 85,000 tons of waste aluminum and will achieve an annual capacity of 120,000 tons in the future.