Chinese tire companies are expanding production

China's tire production capacity is expanding rapidly.

Prin Chengshan: On April 27, 2025, the Weihai Ecological Environment Bureau of Shandong Province announced the acceptance of the new off-road tire project of Prin Chengshan (Shandong) Tire Co., Ltd.

The announcement shows that the total investment of the project is 1.16919 billion yuan. The construction site is located in the north of Qingshan West Road, the west of Guotai Road and the existing factory area of ​​Prin Chengshan (Shandong) Tire Co., Ltd. in Rongcheng City. The project covers an additional area of ​​103,066m2 and a total construction area of ​​82,371.81m2. The product is all-steel engineering radial tires, with an annual output of 94,000 and an output of 50,490t/a.

Linglong Tire: Shandong Linglong issued an announcement on investment in Brazil, with a total investment of 8.7 billion yuan. After the project is completed and put into production, it will reach an annual output of 14,700 sets of various high-performance radial tires, including: 12 million sets of PCR (semi-steel radial tires), 2.4 million sets of TBR (full-steel radial tires), 200,000 sets of engineering tires, 100,000 sets of retread tires; 6,000 tons of liquid recycled rubber.

Recently, Linglong Tire, a giant in the domestic tire industry, has made another good news. Its "Annual Production of 14.46 Million Sets of High-Performance Tires and Supporting Engineering Project (Phase II)" in Jingmen, Hubei has successfully passed the acceptance. The second phase of the project held a commissioning ceremony and the launch ceremony of the third phase project on December 29, 2021. The production capacity accepted this time includes 1.2 million sets of full-steel radial tires, 8 million sets of semi-steel radial tires, and 3,000 tons of supporting plastic mats and packaging tapes.

Previously, the first phase of the project and the first phase of semi-steel were accepted in May and November 2020, respectively, with a production capacity of 1.2 million sets of all-steel radial tires and 4 million sets of semi-steel radial tires.

Shandong Haohua: On April 25, 2025, Shouguang City officially reported that "Shandong Haohua Tire Co., Ltd.'s annual production of 2.8 million sets of all-steel and 20 million sets of semi-steel radial tires will be publicly reported before approval". According to incomplete statistics, in recent years, China's tire industry has ushered in a "giant investment wheel".

The European market is being occupied by China

Previously, the head of Michelin called for the creation of a "fairer competitive environment". He said that many foreign-funded tire companies have clearly pointed out in their financial reports that tire imports from low-cost production markets in Asia are increasingly squeezing the living space of traditional European manufacturers.Market competition is more severe.

Today, the tire industry is like a turbulent hot sea. Even if the front is full of unknowns, there are still many "warriors" who rush in regardless of everything, and the investment in tires is simply crazy to the extreme.

Add to that the tens of millions of new production lines built by China's leading enterprises in North America, Mexico, and Southeast Asia, Indonesia, and the expanded production capacity in Europe this year. This tire expansion scale in the billions is like a huge bomb. What will be the outcome for the tire industry? Will it help more Chinese tire companies to enter the top ten, or will it repeat the mistakes of tire capacity elimination and put the entire industry in trouble?