Against the backdrop of global tire industry pressure in 2024, three Korean tire companies, Hankook, Kumho, and Nexen, have built a unique growth triangle.

Affected by the seasonal harvesting period in the main production areas of Southeast Asia, the natural rubber market generally faced inventory consumption pressure in the first quarter. Data show that global natural rubber production in January-March 2024 fell by 12.7% year-on-year

The annual report data of the three giants Michelin, Bridgestone and Goodyear have all been released.

In 2025, in order to better meet the market's requirements for sustainable development, tire companies will once again break through the limits of raw material research - not only carbon black should be more environmentally friendly, but synthetic rubber should also be more environmentally friendly!

BYD announced at a press conference on February 10, 2025 that it will standardize intelligent driving systems in all models from 2025.BYD's intelligent driving systems, such as the "Eye of God" series, reportedly integrate a variety of advanced sensors and high-performance chips.

On February 14, 2024, the price of natural rubber once again hit a high of 18,000 yuan per ton, and the transaction price has gradually gone out of control.

To celebrate the 100th anniversary of the Goodyear Blimp, The Goodyear Tire & Rubber Company has unveiled a commemorative, airship-themed sidewall design that will be featured on all NASCAR stock cars during NASCAR’s official Homecoming Weekend at Darlington Raceway in South Carolina.

Michelin BFGoodrich, Continental Tire, Hankook Tire and other major brands are launching new products one after another

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.

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%.

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.

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.

Including two-wheel tires, passenger car tires, and truck tires, there are tens of thousands of Chinese tire brands alone.

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