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The peak of scrapping is approaching, and the market size of the dismantling industry may reach 450 billion yuan

22 May,2015

China has a large number of vehicles, and the peak period for scrapping vehicles is approaching. In 2014, the number of vehicles in China exceeded 154 million. From the perspective of vehicle sales, the Chinese auto industry entered a period of explosive demand growth after 2000, and new vehicle sales grew rapidly. The scrapping period for vehicles is usually 10 to 15 years, and China will enter the peak period for vehicle scrapping after 2015.
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Li Keqiang visits an exhibition of Chinese equipment manufacturing in Rio de Janeiro

21 May,2015

Li Keqiang visits an exhibition of Chinese equipment manufacturing in Rio de Janeiro
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Xiamen to build automobile scrapping and dismantling processing base

21 May,2015

Recently, it was learned from the Xiamen Municipal Environmental Protection Bureau that Xiamen will build a new automobile dismantling and processing base in Xiang'an. Upon completion, it will be able to dismantle and process 30,000 scrapped vehicles annually. The total investment is 65 million yuan, and it is expected to be completed by the end of the year. Currently, the project is in the environmental impact assessment public announcement phase.
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