In recent days, leading domestic automotive recycling company Yuan Planet announced the successful completion of B1 and B2 funding rounds, raising millions of dollars. Gobi Partners GBA, Joy Capital, NIO Capital, and other institutions jointly participated in this series of financing. The funds will be primarily used for the expansion of dismantling plant operations and investment in technological research and development.

CEC Capital exclusively acted as the financial advisor for Yuan Planet in this series of transactions.

As a pioneer in the circular economy ecosystem of the automotive industry, Yuan Planet continues to focus on the discovery and remanufacturing of value at the end of the automotive lifecycle.