China has quickly become the world leader in electric vehicle (EV) production, outpacing other nations and setting the standard for the future of transportation. This rapid growth in EV manufacturing is having a significant impact on related industries, particularly the tyre sector. As more EVs hit the roads, the demand for tyres specifically designed for…
Despite surging shipping costs, China's tyre exports have demonstrated robust performance in May, climbing 4.8% year-on-year to 56.38 million units, valued at 13.05 billion yuan (about £1.42 billion or €1.68 billion) — a modest 2.1% increase. This growth, though less than recent years, underscores Chinese exporters' resilience amid global supply chain disruptions, especially in ocean…
The Latin Tyre & Auto Parts Expo is also known as Latin America’s premier tyre and auto parts exhibition. The event, set for July 31 to August 2, 2024, at the state-of-the-art Panama Convention Center, offers an unmatched opportunity for professionals in the tire and auto parts industry to connect, grow, and thrive. Here’s how…
The European Union has announced plans to impose tariffs of up to 38% on Chinese electric vehicle imports, potentially amounting to over €2 billion annually. This decision follows a thorough nine-month investigation into alleged unfair subsidies benefiting Chinese electric vehicle manufacturers, including prominent brands such as BYD, Geely, and SAIC. The EU's anti-subsidy investigation…
The latest report from Brand Finance shows the robust growth of Chinese tyre brands within a landscape traditionally dominated by Western competitors. While Michelin, Bridgestone, and Continental hold the top three positions as the world's most valuable and strongest tyre brands, a significant trend emerges from China. The Chinese tyre industry's success in 2023…
The recent crisis in the Red Sea has thrown the global shipping industry into turmoil. Security threats and geopolitical tensions have forced shipping companies to rethink their strategies, impacting transit times, costs, and logistics.
Let’s explore the major changes and long-term implications for the industry.
Key Changes in Ocean Shipping
1. Rerouting Through the…
Over the years, tyre technology has undergone remarkable changes, from basic rubber constructions to advanced smart materials. This evolution has been driven by the need for improved performance, safety, efficiency, and sustainability. Let's take a journey through the history and future of tyre technology.
Early Beginnings: The Birth of Rubber Tyres
The story of tyres…
BMW has introduced new 20-inch P Zero Winter 2 tyres for the BMW 7 Series in collaboration with a leading tyre manufacturer, setting a new standard in electric vehicle tyre technology. These tyres, revealed at Tire Cologne, offer extended range capabilities and superior performance in winter conditions.
These tyres, boasting an “A class” European labelling…
Overview of the Tyre Industry
The tyre export industry is a significant player in global trade, providing essential components for vehicles. With technological advancements, increasing vehicle production, and expanding international trade networks, the tyre export and manufacturing sectors are poised for growth.
The global tyre market was valued at approximately USD 232 billion in 2023.…
The United States has taken a decisive step in response to the surge in imports of truck and bus tyres from Thailand, as the U.S. Department of Commerce recently announced the imposition of preliminary anti-dumping duties. This move follows a thorough investigation into whether these tyres are being sold in the U.S. market at unfairly…
The United States has taken a decisive step in response to the surge in imports of truck and bus tyres from Thailand, as the U.S. Department of Commerce recently announced the imposition of preliminary anti-dumping duties. This move follows a thorough investigation into whether these tyres are being sold in the U.S. market at unfairly…
In 2023, a Chinese tyre manufacturer reported substantial growth in sales across Europe and the Middle East. The company's annual revenue reached 10.42 billion yuan (approximately £1.13 billion or €1.33 billion), with a net profit of about 1.4 billion yuan (approximately £150 million or €180 million). This performance enabled Triangle Tyre to surpass Double Coin…
