Yesterday, the leader of China's recycling industry, Shenzhen Greenme, and Japan's HONEST and Mitsui’s products signed an agreement in Seoul, investing 40 million yuan in building the world's top end-of-life auto parts remanufacturing project. The three parties will take 45%, 30%, and 25% shares, of which the two-day companies will mainly rely on input technology and capital. It is reported that the first phase of the project will rely on the Grimmey scrapped automobile dismantling base located in Yangluo to carry out the remanufacturing of starter motors and AC motors. The estimated annual output is 360,000 pieces and the annual production value is about 200 million yuan.
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