Shanxi Yaoxing New Energy Technology Co., Ltd. was officially established

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2025-02-27

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Shanxi Yaoxing New Energy Technology Co., Ltd. was officially established on April 25, 2023. The company is a subsidiary of Fan's Science and Technology Development Co., Ltd.

Shanxi Yaoxing New Energy Technology Co., Ltd. was officially established on April 25, 2023. The company is a subsidiary of "Fan's Science and Technology Development Co., Ltd." Located in the Ganing Industrial Park of Linfen Economic and Technological Development Zone, Shanxi Province, it covers a total area of 14697.42 square meters, with a production plant building area of 8030.82 square meters. It possesses one scrapped vehicle dismantling production line, with a designed annual dismantling capacity of 16,000 vehicles; and one of the most advanced lithium-ion power battery dismantling and second-life battery automated installation production lines in China, with a designed annual sorting and capacity allocation capacity of 100,000 tons.

The company's main business includes: recycling, dismantling, and reuse of scrapped vehicles and lithium batteries; second-life utilization; research, development, production, and sales of AC charging piles, DC charging piles, and DC split charging piles; construction of integrated charging stations with photovoltaics, energy storage, and charging. Licensed businesses: power generation business, power transmission business, power supply (distribution) business, energy storage technology services, solar power generation technology services, wind power generation technology services, research, consultation, exchange, transfer, and promotion of new energy technologies; automobile parts; assisted bicycles, mobility scooters and parts sales; production, wholesale, and sales of batteries and parts, electronic components, electromechanical components, and mechanical and electrical equipment; production and sales of lithium iron phosphate batteries and UPS uninterruptible power supplies; production and sales of photovoltaic equipment and components; research and development of resource recycling technology; sales of new energy vehicle accessories; information technology consulting services, etc.

The company's founding purpose is to meet the objective requirements of transformation and development, focusing on the expansion and extension of the energy and environmental protection economy. Leveraging the company's advantages in the research and development and production of lithium-ion power batteries, it will carry out new energy scrapped vehicle recycling and dismantling, power battery recycling and dismantling, reuse, and second-life utilization businesses. This will save resources, turn waste into treasure, regenerate resources, and promote reuse. While pursuing economic efficiency, the company will maximize social benefits and meet market demand.

The company's development goal is to uphold the business philosophy of "scientific management, environmentally friendly operations, low energy consumption, and continuous improvement." By fully leveraging its advantages in talent, capital, operations, and technology, the company will innovate its business model. It will adopt an operating model supported by scrapped vehicle recycling and dismantling, with the main business focusing on waste metal sorting and processing, and the dismantling, reuse, and second-life utilization of new energy power batteries. It will continuously improve operational efficiency and regeneration quality, extend the industrial chain, and comprehensively build an industrial structure that integrates dismantling, classification, and regenerated processing and manufacturing. The company actively aims to become a leading resource comprehensive utilization enterprise with leading business technology, prominent main businesses, first-class standardized management, core competitiveness, and innovation, achieving the extension and development of the local automotive circular economy industry chain.

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