With the rise of China's tire industry, the strategic contraction of foreign brands has become a foregone conclusion. From the collective withdrawal of foreign capital in the truck and bus tire (TBR) market to the undercurrent in the passenger car tire (PCR) market, an industry reconstruction led by local enterprises is taking place.

On April 24, 2025, Michelin released its first quarter financial report. Data showed that due to the decline in supporting business in Europe and North America, its overall sales fell by 1.9% year-on-year to 6.515 billion euros (about 53.9 billion yuan).

The Trump administration intends to reduce tariffs on Chinese goods from 245% to 50%.Reason for reduction: The original tariff policy triggered a negative chain reaction, resulting in a surge in costs for US domestic companies

As the hottest topic in the world, the concept of new energy has been full of doubts and ridicule since its birth. From the initial disdain to the governments of various countries taking great efforts

According to the latest report released by LMC Automotive, the global seasonally adjusted annual sales of light vehicles in March 2025 are expected to be 90 million units/year

Recently, several tire giants have issued notices of price increases in May, with the highest increase even reaching 25%.

Supply side: differentiation of major producing countries and weather disturbances coexist, demand side: differentiation of the automotive industry and substitution pressure appear

Nexen Tire has announced the establishment of a dedicated winter tire testing center at the UTAC proving ground in Ivalo, Finland.

In Michelin's pre-disclosed first quarter report, we saw the difficulties of global tire giants in the truck tire market. But is Michelin the only one encountering sales difficulties in the truck tire market? Of course not! In 2025

Supply and demand pattern: the expected increase in supply suppressed prices, and weak demand became the core contradiction

Whether in the car or truck market, new energy is an advanced topic and represents the future. In the field of passenger cars, new energy tires have entered the market and have been accepted by consumers.

After a rebound in the commercial sector in 2024, with double-digit growth in truck/bus tire shipments in the U.S. and Canada, the market looks muted in 2025.

Recently, a tire owner complained that some car owners only buy the latest tires when buying tires, and "sneer" at tires with a long inventory

Compared with the difference between 200-300 and 700-800 for cars, it seems that it is not so obvious in use, but the difference between 200-300 truck tires and 1000-2000 is really big, and many people have never heard of 200-300 large tires.

The price of natural rubber has dropped by 4,000 yuan per ton, but the price of tires will continue to rise; on April 17, 2025, crude oil was less than $65 per barrel, a year-on-year decrease of 23%, but the price of tires will continue to rise