Chinese Tire Companies are Gaining Momentum
What is happening to Tire Prices?
December 23, 2020
400,000 kilometers TBR tire is ready
July 1, 2021According to the performance of tire industry in 2020, Chinese manufactures are of highlight still. In this past year, global tire capital market experienced violent turbulence. Very big changes have taken place at Chinese and foreign tire manufactures.
Because of the influence by Covid-2019, the total market value of foreign tire companies has declined to a certain extent, and it seems that foreign tire companies have shrunk to a certain extent; while the total Chinese domestic market value has gone against the world tire capital market and has shown considerable growth.
In the comparison of the total market value, Linglong Tire ranks among the top five in the world on its own. Other tire companies in the top five include Continental, Bridgestone, Michelin, and Pirelli, all of which are the world's top tire manufacturers. In 2020, the market value of Linglong Tire has doubled, and the total market value will exceed 50 billion yuan in the beginning of 2021, which is really the pride of domestic tires.
The total market value reflects the value of the tire company. The change in the annual market value shows whether the outside world is optimistic about the company, and Linglong Tire has taken the lead.
Some experts talked about the fact that it is difficult for the epidemic to disappear in a short time. The result of this is also the turmoil in the global tire market, which has already begun to shuffle. Domestic tire companies are frantically expanding overseas markets in an attempt to overtake corners, while foreign tire companies are trying to reduce some of their businesses and reduce pressure. Regardless of the result or not, domestic tire companies have also given us hope.
Info feeder: Jennifer Wong
Because of the influence by Covid-2019, the total market value of foreign tire companies has declined to a certain extent, and it seems that foreign tire companies have shrunk to a certain extent; while the total Chinese domestic market value has gone against the world tire capital market and has shown considerable growth.
In the comparison of the total market value, Linglong Tire ranks among the top five in the world on its own. Other tire companies in the top five include Continental, Bridgestone, Michelin, and Pirelli, all of which are the world's top tire manufacturers. In 2020, the market value of Linglong Tire has doubled, and the total market value will exceed 50 billion yuan in the beginning of 2021, which is really the pride of domestic tires.
The total market value reflects the value of the tire company. The change in the annual market value shows whether the outside world is optimistic about the company, and Linglong Tire has taken the lead.
Some experts talked about the fact that it is difficult for the epidemic to disappear in a short time. The result of this is also the turmoil in the global tire market, which has already begun to shuffle. Domestic tire companies are frantically expanding overseas markets in an attempt to overtake corners, while foreign tire companies are trying to reduce some of their businesses and reduce pressure. Regardless of the result or not, domestic tire companies have also given us hope.
Info feeder: Jennifer Wong
