[Industry News]: Sichuan Tire Rubber HD317 New Energy Vehicle Tire is about to be launched
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March 11, 2024, 9:19 AM Sichuan Tire and Rubber (Group) Co., Ltd. recently announced that its newly developed HD317 new energy vehicle tire has passed the closed test and is about to enter the market. It plans to sell 500,000 units within this year, which is expected to become the company's new profit growth point.
It is understood that the production line of Sichuan Tire and Rubber (Group) Co., Ltd. is currently operating at full capacity to meet strong market demand. Guo Jianyong, deputy general manager of the company, said that since the beginning of this year, export market demand has been strong, accounting for 74.24%, and export order demand in the first quarter increased by nearly 241% year-on-year. In particular, newly developed Mexican customers have started order shipments of US$600,000 in the first quarter. In addition, demand for the company's semi-steel differentiated product MT/RT tires increased by 256% in the first quarter, becoming a new highlight in sales.
Faced with explosive growth in orders, Sichuan Tire and Rubber (Group) Co., Ltd. has taken a series of measures to improve production efficiency. The company implements a centralized production model, conducts centralized production strictly in accordance with orders and reduces switching of production specifications to improve production efficiency. At the same time, for high-performance and high value-added products in the North American and European markets, the company prioritizes production to ensure product profit margins.