Dongfeng Motor to build auto parts remanufacturing base

Shanghai, September 18 (Gasgoo.com) Earlier this month, Dongfeng Motor said it plans to spend 200 million yuan ($29.19 million) building an auto parts remanufacturing trial base, according to Beijing Times today.

The Technique Policy of Recycling and Reutilization of Automotive Products issued by the NDRC (National Development and Reform Commission), China’s top economic regulator, required that the country should have 95% of its vehicles recyclable by 2017. To capture this huge market potential, Dongfeng Motor plans to invest 200 million yuan to build an auto parts remanufacturing trial base within three years.

The remanufacturing facility, covering 200,100 square meters, is expected to recycle 50,000 waste and old vehicles, 100,000 ton of scrap materials and also to remake 100,000 components, Zhu Fushou, general manager of Dongfeng Motor said.