Qingdao Double Star's third-quarter report for 2023, released on October 31, revealed that the company experienced a loss of 111 million yuan from July to September, when non-recurring gains and losses were excluded. Notably, they received a government subsidy of approximately 62 million yuan during this quarter.
Over the course of the first three quarters,…
In 2023, the Ministry of Commerce, the Central Propaganda Department, and the National Development and Reform Commission collaborated with ten other government departments to organize the "2023 National Integrity Business Publicity Month" event. During this event, they unveiled a collection of 20 typical cases and 10 recommended cases, highlighting businesses that have excelled in upholding…
In August 2023, there was a consistent uptick in the sales of light vehicles globally, marking the sixth consecutive month of growth. These sales surged by 9.6% when compared to the same period the previous year, reaching a total of 7.3 million units. Furthermore, when we consider the period from January to August, cumulative sales…
The Tyre Industry: An Introduction 2023
The tyre industry, like any other industry, had pretty humble beginnings. However, they paved the way for revolutionary innovations. From the inception of pneumatic tyres to the introduction of radial and patterned tyres, each milestone reshaped the automotive landscape at a holistic level. Let’s take a quick journey through…
On September 18th, the General Administration of Customs published tire export data for the month of August 2023. The data reveals that China experienced year-on-year increases in both tire export volume and export value, although there was a decline in these figures when compared to the previous month. However, the cumulative growth data for the…
Trojan |The Global Tyre Company is now one of the leading lights in the tyre industry. The company is justly renowned for delivering top-quality tyres all over the world for well over a decade.
It joined forces with Qingdao Aquila Rubber Limited to make its presence felt at the Asia Pacific region’s largest tyre and…
Automechanika Dubai is the premier international trade show in the automotive aftermarket and tyre industries for the Middle East and African regions. It will be celebrating its 20th anniversary edition from October 2 to 4 2023 at the elegant Dubai World Trade Centre.
This year’s iteration is widely expected to draw participants from over 60…
Environmental sustainability is the new watchword in a world full of harmful emissions and global warming. Gone are the days when manufacturers worldwide used to create goods without taking care of the environment. Chinese tyre makers are well aware of the dire need for environmental stability and have molded their manufacturing operations accordingly. Some of…
Triangle Tire's recent financial report for the first half of the year, released on August 29, shows impressive growth. Their operating income reached 5.19 billion yuan, marking a 21.5% increase compared to the previous year. Additionally, the net profit attributable to shareholders of listed companies soared to 610 million yuan, reflecting a remarkable 180% year-on-year…
Chinese premium tyre manufacturers face many challenges with regard to the global tyre market. China has now emerged as a formidable major player in the tyre manufacturing industry, especially when it comes to large-volume production.
However, the perception of Chinese tyres as low-quality products still persists in many regions of the world. This perception poses…
Chinese premium tyre manufacturers have an interesting future. One that’s full of both opportunities and challenges. Over the past few years, Chinese tyre manufacturers have taken great strides regarding quality, technology, and brand recognition and have emerged as some of the leading competitors in the global tyre market. As a matter of fact, many premium…
Global Tire Industry
In a remarkable trajectory, the global tire market has been accelerating up to a trillion-dollar industry. Over the past decade, tire consumption has increased from 1.483 billion units in 2011 to a staggering 1.749 billion units in 2022.
Remarkably, the Asia-Pacific region emerges as the tire production powerhouse, with China at the…
