Yokohama investing ~2 billion yuan in Chinese car tyre factory

The Yokohama Rubber Co., Ltd., is planning to invest 1,960 million yuan (roughly ¥36.7 billion; £212.8 million; 250.5 million euros; $269.7 million) in the construction of a new passenger car tyre factory to serve domestic Chinese demand. Production at the new plant is scheduled to start in the second quarter of 2026. The new plant will be located in the Qiantang New District of Hangzhou City, Zhejiang Province, and will have an initial annual production capacity of 9 million tyres, with further expansion “to be considered in the future”.