Wanbangda has announced its intention to invest a substantial sum of 1 billion yuan in the development of an eco-friendly automotive interior trim project employing innovative materials. The project will unfold in stages, with an initial injection of 200 million yuan earmarked for the establishment of four production lines dedicated to automotive interior leather. Funding for this initiative will be sourced from a combination of the company's internal resources and bank loans. This strategic move underscores Wanbangda's commitment to broadening its business horizons and fortifying its competitive edge within the burgeoning new materials sector.