Next stop Mexico? Analysing Chinese companies’ overseas factory choices
In 2023, China’s tyre industry experienced “ice and fire”. On the one hand, large tyre makers with sufficient foreign trade orders or with overseas factories doubled growth in revenue and net profit. On the other hand, the slow recovery of the Chinese market, especially the lack of demand in the radial truck tyre (TBR) sector, has put the entire downstream industry under tremendous pressure.
Comments closed
Comments