"The development process was not smooth sailing... looking back to 2003, carbon fiber technology and the market were monopolized by foreign companies."

"Today, Shanxi has become a carbon fiber supply base that is usable, reliable and indispensable for high-end applications in China," he added.

"We will strengthen market awareness, adhere to the integrated advancement of technological innovation and industrial innovation, and deepen our focus on T1000 carbon fiber to produce competitive, market-valuable high-tech products," said Wang Dali, general manager of Huayang New Material Technology Group.

Liu Junyi, mayor of Datong, said: "Huayang's high-performance carbon fiber project not only marks a milestone but also a new breakthrough in the high-quality development of Datong's new material industry."

"This will drive the accelerated development of related industries in Datong, such as high-end equipment manufacturing and new energy storage, and also attract numerous upstream and downstream supporting enterprises to gather in the city at a faster pace," Liu added.