Five difficulties and six hot spots in China's tire industry

The market share of independent brands in the first half of the year was 47.2%, up 5.3 percentage points. The sales volume of new energy vehicles reached 2.6 million, an increase of 1.2 times year-on-year, and new energy passenger vehicles have accounted for 24% of the total sales volume of passenger vehicles, of which Chinese brand new energy vehicles have accounted for 39.8%.

This is a very bright data, to the Chinese tire enterprises to bring more and more opportunities.

Third, with intelligent manufacturing as the lead, more new technologies will be applied to the field of tire production

In recent years, the application of digital technology in tire enterprises is accelerating, China's research depth and talent reserve in the field of digital is unique in the world, in the next few years, will always become a hot spot in tire manufacturing.

Fourth, the raw materials for tires, which are fossil organic compounds (or mixtures) represented by oil and coal, will continue to be high in price and low in quantity

The development and application of alternative new materials using renewable resources as raw materials will become a hot spot.

Fifth, a substantial increase in new energy vehicles, targeted development and promotion of new energy vehicle tires, will be an opportunity for Chinese tire companies, in this field, Chinese companies at least start not too late.

Sixth, China's total tire overcapacity will increase, and industry integration and elimination of backward production capacity are imperative

This is both a hot topic and a conclusion. Industry integration and the elimination of excess capacity are the laws of the market, and they are not transferred by people's will.