9. Fengshen manages 100% shares of PTG Company
In August, Aeolus Tire announced that it had acquired the management rights of 38% of PTG Company. At this point, Fengshen officially managed 100% of the shares of PTG. This also means that the integration of Chinese tire companies and Pirelli (PTG is Pirelli's OTR and TBR assets) is coming to an end, and coordinated development has become the key word of the next stage.
10. Horse launches eContact tire
In July, German Horse brand released eContact, a new energy vehicle tire in China. This tire is designed for the needs of Chinese customers with a comprehensive design of the body, tread and formula. It uses ContiSeal self-repair technology, which can self-repair puncture up to 5 mm in diameter. It is reported that this tire, which meets the demand of the Chinese market, has begun production in the fertilizer factory. The launch of eContact tire shows that foreign tire brands are starting to make their presence felt in the Chinese market.
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wang@kongjiangauto.com