Two Subsidiaries of China Resources Recycling Group Settle in TEDA

On April 18, at the Business Promotion Conference of China Resources Recycling Group, China Resources Recycling Group Plastic Recycling Co., Ltd. and China Resources Recycling Group Motor Vehicle Co., Ltd. officially established their presence in the Tianjin Economic-Technological Development Area (TEDA), which will further contribute to the development of the regional green, low-carbon circular economy. Plastic Recycling Co., Ltd., as a secondary headquarters of China Resources Recycling Group, with a registered capital of 1 billion yuan, will mainly focus on businesses related to the plastic recycling industrial chain. Motor Vehicle Co., Ltd., as a wholly-owned subsidiary of the Group, with a registered capital of 1 billion yuan, aims to develop vehicle recycling businesses by targeting three strategic directions, namely, full-chain integration of motor vehicle resources, strategic support for national resource security, and restructuring of industry norms and ecosystems. In the future, the company will establish an end-to-end process for retired vehicles encompassing “collection-dismantling-reutilization,” with key operations in vehicle recycling, precision dismantling, automotive aftermarket services, and trading platforms.

China Resources Recycling Group Co., Ltd., a central state-owned enterprise founded in Tianjin in 2024, with a registered capital of 10 billion yuan, specializes in resource recycling and is tasked with building a national and functional platform for resource recovery and reuse.