China is the world's largest producer and consumer of automobiles and tires. From 2002 to 2012, China's automobile tire production maintained an average annual growth rate of over 15%. In 2012, China's tire industry achieved a profit of 27.5 billion yuan, an increase of 43.7% over the same period of last year. Our country is still the largest automobile tire exporter in the world. From 2002 to 2012, China's automobile tire export volume maintained an average annual growth rate of more than 40%. The United States is the largest importer of tires in the world today. Its imported tires make up about one third of China's total exports of tires.
According to the 2013 China Tire Industry Competitive Trend, Zhi-Zhi Consulting said: Tire manufacturers in our country compete viciously with each other at a low price and the exports are also blocked. On the other hand, international tire giants have set up production and sales enterprises in our country to occupy High-end tire market. Data shows that foreign-funded enterprises occupy 70% of the market share of passenger car tires in China, and also occupy a large share in the high-end trucks and passenger car tire markets. France Michelin, Bridgestone Japan, the United States Goodyear Tire Company is known as the world's tire industry, "the three giants." January 26 this year, a total investment of nearly 1.5 billion US dollars Michelin Shenyang new factory officially put into operation, its products are passenger car tires, passenger car tires and truck tires, annual production capacity of more than 12 million. The Michelin more than 60% of China's products are used to attack the high-end market.