The circular economy industry was priority that BAIC Penglong started to give to during the 13th 5-Year Plan period. Now, it includes Beijing Penglong Liheng Renewable Resources Recovery Co., Ltd. and BAIC Penglong (Cangzhou) New Energy Vehicle Service Co., Ltd.The circular economy industry was priority that BAIC Penglong started to give to during the 13th 5-Year Plan period. Now, it includes Beijing Penglong Liheng Renewable Resources Recovery Co., Ltd. and BAIC Penglong (Cangzhou) New Energy Vehicle Service Co., Ltd.

Founded in June 2014, Penglong Liheng company is the only designated professional renewable resource recovery enterprise approved by BAIC Group and undertakes the social responsibility of automobile industry enterprises. Since its establishment, Penglong Liheng has been expanding its business scale and improving its industrial chain. It has gradually developed into a professional recycling and utilization enterprise mainly engaged in the recycling of waste materials, deep processing of scrap steel, asset disposal and disassembly of trial production sample vehicles. In 2018, it achieved an operating revenue of RMB 100 million. It has opened a new chapter in the integrated development of BAIC Group's renewable resources recycling by providing differentiated services for the group's relevant enterprises, promoting cost reduction and efficiency increase of enterprises, and building a new ecology for the full life cycle service of vehicles.Founded in June 2014, Penglong Liheng company is the only designated professional renewable resource recovery enterprise approved by BAIC Group and undertakes the social responsibility of automobile industry enterprises. Since its establishment, Penglong Liheng has been expanding its business scale and improving its industrial chain. It has gradually developed into a professional recycling and utilization enterprise mainly engaged in the recycling of waste materials, deep processing of scrap steel, asset disposal and disassembly of trial production sample vehicles. In 2018, it achieved an operating revenue of RMB 100 million. It has opened a new chapter in the integrated development of BAIC Group's renewable resources recycling by providing differentiated services for the group's relevant enterprises, promoting cost reduction and efficiency increase of enterprises, and building a new ecology for the full life cycle service of vehicles.

Cangzhou New Energy Company gives full play to advantages of industrial chain connection, adopts advanced technology, equipment and technology at home and abroad, builds the power battery cascade utilization and resource utilization plant together with upstream and downstream enterprises in the industrial chain, builds a benchmark industrial model in the field of power battery recycling, and establishes a platform for power battery recycling and ‘cascade utilization plus resource utilization’.Cangzhou New Energy Company gives full play to advantages of industrial chain connection, adopts advanced technology, equipment and technology at home and abroad, builds the power battery cascade utilization and resource utilization plant together with upstream and downstream enterprises in the industrial chain, builds a benchmark industrial model in the field of power battery recycling, and establishes a platform for power battery recycling and ‘cascade utilization plus resource utilization’.