On August 11, 2022, the Vulcan Technology Group completed the last payment of land acquisition and finally completed the acquisition of the Yuexi Bus land, marking the official landing of the Hangzhou headquarters project into the construction stage.

The Hangzhou Vulcan Technology Group headquarters carries important functions such as listed entities, R&D centers, process development, new technology incubation, and corporate display windows.

The land is located in Qiantang New District, Hangzhou, with a total area of 150 acres. Vulcan Technology Group plans to invest 2 billion yuan to build it into a group headquarters and a full product chain production base. The company develops and produces carbon fiber composite materials, high-purity graphite materials and carbon/carbon materials for semiconductors. It will subsequently develop and put into production projects such as hydrogen storage bottles and composite materials for new energy fields, and also build supporting R&D centers and academician workstations. The group headquarters is scheduled to be put into use in the first quarter of 2023, opening a new chapter in the historical development of the Vulcan Technology Group.