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On February 14, 2025, TOYO TIRE Co., Ltd. (Toyo Tire) held a board meeting to discuss the sale of its Chinese factory. The Japanese tire manufacturer signed an equity transfer decision agreement -
Recently, Michelin officially launched two new flagship tire products for the top luxury motorcycle market - Road W GT and Power Shift.
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In 2024, many tire factories are going crazy when facing changes in raw material prices. Since the third quarter, tire prices have begun to rise and soar - the increase in one quarter has reached or even exceeded 30%.
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Recently, the US tire market share data for 2024 was released. Double Coin will continue to dominate the North American passenger tire replacement market in 2024.
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In 2024, Chinese tires swept away 70% of the sales share in the European market; also in 2024, Chinese tires took 40% of the import share in the US market.
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Including two-wheel tires, passenger car tires, and truck tires, there are tens of thousands of Chinese tire brands alone.
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The global environmental information disclosure benchmark certification has another good news! On February 7, CDP (Center for Global Environmental Information Research), an internationally recognized non-profit environmental information disclosure authority
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Milan, February 10, 2025 - For the seventh consecutive year, Pirelli has joined the ranks of global leaders in the fight against climate change, having been included in the "Climate Index A list 2024" by CDP, an international non-profit organization that collects and analyzes environmental information on more than 24,800 companies.
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Starting in 2022, all-season tires suddenly became popular! The trend of all-season tires selling better has spread from Europe to North America.
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As Hankook, Kumho, and Nexen, the three major Korean tire companies, successively released their 2024 annual financial reports, the industry competition landscape has shown a new development trend.
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The latest data shows that in 2024, the United States imported a total of 273 million tires, an increase of 7.3% year-on-year.
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In 2024, Europe has become the target of factory closures for major tire companies. Tire giants such as Michelin and Goodyear have successively announced their decision to close some European factories.
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The global tire industry will experience a deep reshuffle from 2023 to 2025, and foreign giants will collectively shrink their fronts
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In the automotive aftermarket, tire warranty services are undergoing a paradigm shift from "limited commitment" to "lifetime protection".
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Driven by the acceleration of the global carbon neutrality process and the intelligent transformation of the automotive industry, the Chinese tire market is undergoing unprecedented structural changes.
