As manufacturers seek to reduce the cost of composite components, designers have been striving to use composite materials as efficiently as possible, while achieving automated production and integration of multiple functions. In automotive applications, the requirement for a cycle time as short as 1-2 minutes makes this challenge even more severe.

In 2017, ELG Carbon Fiber announced a partnership with Chinese epoxy resin manufacturer Wuhu Tiandao Green New Materials Co., Ltd. to develop lightweight carbon fiber components for Chery New Energy Vehicle Technology Co., Ltd.'s eQ1 electric vehicle and ultimately Chery's traditional vehicles

China has abundant coal resources, and coal is the main energy source and important industrial raw material in China. For a long time, China has attached great importance to the clean and efficient utilization of coal resources. How to use coal resources in a clean and efficient manner is of great significance for promoting the country's medium to long-term energy development strategy, and modern coal chemical industry is an important way to achieve clean and efficient utilization of coal.