Shangwei New Materials established a materials science and technology company.

According to the Enterprise Check App, recently, Shangwei Advanced Materials Technology Co., Ltd. was established, with Cai Chaoyang as the legal representative and a registered capital of 50 million RMB. Its business scope includes research and development of new materials technology, sales of synthetic materials, research and development of carbon fiber recycling technology, processing and disposal of non-metallic waste and debris, etc. According to the equity penetration displayed on the Enterprise Check App, this company is fully owned by Shangwei New Materials.