In 2023, Investment and production expansion speed of Chinese tyre industry has not slowed down. According to statistics, there are currently 15 tyre projects under construction or proposed construction in China, with a total investment of more than 30 billion yuan. In addition to domestic factories, a number of head enterprises are making efforts overseas, and will actively layout tyre production bases both domestically and internationally. It can be said that, on the one hand, Chinese head tyres actively upgrade and transform outdated equipment, on the other hand, expand production capacity, and improve both scale and technical strength.
