You are here: / Xuda Wang

About Xuda Wang

An inclusive idealist. I am a Masters graduate from the University of Westminster. I’ve read over 1000 books, traveled to every province in China as a backpacker, and volunteered with several NGOs in Southeast Asia. I have many years of working experience as a journalist in the auto industry.

Entries by Xuda Wang

,

Doublestar deputy general manager steps down

Zhang Zhentao, deputy general manager of Doublestar, submitted a written resignation application to the board of directors recently. Doublestar confirmed that Zhang Zhentao is not employed by company following his resignation, but did not disclose where he is working now. Zhang Zhentao is mainly engaged in financial work and has served as the deputy general manager of Doublestar since May 2020. Before that, he was part of the financial management of Tsingtao Brewery.

Related news:

  1. Doublestar names Antonio Smith as general director for Spain and Portugal
  2. Kumho USA appoints new CEO amidst global reshuffle
  3. Continental Tires (China) appoints general manager
  4. Toyo Tire & Rubber chairman resigns
15th September 2022 by
,

China’s tyre industry facing five difficulties: ZC Rubber chairman, Shen Jinrong

The Chinese tyre industry is not optimistic about the future following the first half of 2022, which itself was something of a continuation of the problematic situation experienced in the country in 2021. In short, the overall Chinese tyre industry has experienced severe decline in profits. Shen Jinrong, chairman of ZC Rubber, China’s largest domestic tyre manufacturer and number nine in the world, made the comments during a recent speech at the China Rubber Conference 2022.

Related news:

  1. ZC Rubber to build R&D centre for green tyre material with Ningbo Institute
  2. ZC Rubber, Bekaert sign strategic cooperation agreement
  3. CITExpo 2017 opens in Shanghai
  4. Cabot buys Chinese nanotube supplier for $115 million
15th September 2022 by

Huayi’s tyre turnover totalled 4.968 billion yuan

On 30 August 2022, Shanghai Huayi, the parent company of Double Coin Tire Group first half results showing the company generated revenue of 4.968 billion yuan (about £614 million, 719 million euros), and operating costs were 4.559 billion yuan (about £564 million, 660 million euros). Within that, the revenue of all-steel radial tyres and semi-steel radial tyres was 4.6 billion yuan (about £569 million, 666 million euros) and 368 million yuan (roughly £45.51 million, 53.25 million euros).

Related news:

  1. Jiangsu General investing US$300 million in Thailand tyre plant
  2. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  3. China’s GS Tire raises Cambodia investment to $300 million
  4. Guizhou Tyre reports increased production and sales
6th September 2022 by

Prinx Chengshan: Increased sales, lower profit in H1 2022

Prinx Chengshan Holdings Limited and its subsidiaries report selling 9.394 million tyres during the six months to 30 June 2022, a year-on-year increase of 3.3 per cent. From this total, 3.333 million were all-steel radial tyres and 5.919 million semi-steel radials. Cross-ply tyres accounted for some 142,000 pieces.

Related news:

  1. Prinx Chengshan: Profit down 24.7% despite higher revenue in 2021
  2. Prinx Chengshan appoints marketing & communications manager for Europe
  3. TÜV SÜD presents Prinx Chengshan certificate for DR606
  4. Prinx Chengshan to launch “Prinx” brand in Europe by the end of 2017
6th September 2022 by

Jiangsu General planning to run five tyre factories

Recently, Jiangsu General Science and Technology (Jiangsu General) has revealed a strategic plan to reach five production bases in the next 10 years. Currently, the company has two factories in China and Thailand and has more recently launched projects in Cambodia.

Related news:

  1. China’s GS Tire raises Cambodia investment to $300 million
  2. Expansion – production has changed, but it is certainly ramping back up again
  3. Jiangsu General raises funds for Cambodia factory
  4. Jiangsu General investing 400 million euros in Chinese car tyre factory
5th September 2022 by

Guizhou Tyre reports increased production and sales

On 31 August, Guizhou Tyre released its semi-annual report. In the year’s first half, Guizhou Tyre produced 3.7005 million tyres, a year-on-year increase of 3.53 per cent, and sold 3.4447 million tyres, a rise of 1.07 per cent. During the same period, the tyre company’s revenue reached 3.949 billion yuan (about £490 million, 570 million euros), an increase of 13.16 per cent, and achieved a net profit of 160 million yuan (about £19.86 million, 23.12 million euros).

Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Shandong Yinbao Tyre Group Spreads Its Wings
  3. For Yinbao Tyre, imitation is the highest form of flattery
  4. Triangle and Goodyear in ‘long-term cooperation’
31st August 2022 by
, ,

Former chairman of Sinochem Holdings Ning Gaoning retires

Sinochem Holdings recently announced that Ning Gaoning will no longer serve as chairman and party secretary. Li Fanrong became the new top leader of the large state-owned enterprise. The reason? According to industry insiders, Ning Gaoning is about to turn 64 years old and therefore his departure is probably best categorised as official retirement. It is reported that under normal circumstances, the retirement age of the top leaders of China’s central enterprises is 63 years old. From this perspective, Ning Gaoning has already out-worked normal tenure.

Related news:

  1. Doublestar names Antonio Smith as general director for Spain and Portugal
  2. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  3. Continental Tires (China) appoints general manager
  4. Sinochem Holdings & Cosco Shipping sign strategic agreement
30th August 2022 by
, ,

Continental Tires (China) appoints general manager

Veronique Giraud recently succeeded Dalibor Kalina as general manager of Continental Tires (China). Effective August 2022, Giraud will lead the tyre manufacturer’s business development and strategic direction in the Chinese market.

Related news:

  1. Doublestar names Antonio Smith as general director for Spain and Portugal
  2. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  3. Nikolai Setzer takes over as Continental CEO
  4. Bentley’s Dr Ariane Reinhart joins Continental’s executive board
23rd August 2022 by

Sumitomo Rubber exits Chinese truck and bus tyre market

On 17 August, Sumitomo Rubber (China) announced that the company is ending the sale and production of truck tyres in China. From 2023, the company will no longer produce and sell truck and bus tyres for the Chinese market. From April 2024, Sumitomo Rubber (China) will no longer manufacture truck and bus tyres for overseas markets.

Related news:

  1. EU publishes definitive anti-subsidy and updated anti-dumping rates
  2. European Commission reopens Chinese truck tyre investigation
  3. Chinese truck tyre tariffs to persist in UK?
  4. Will Europe impose tyre import tariffs?
22nd August 2022 by

Prinx and JD.com enter EV tyre agreement

Prinx Chengshan and leading Chinese e-commerce firm JD.com have reached a strategic cooperation agreement. The deal will see JD.com’s automotive department distribute Prinx brand electric vehicle tyres, a new product launched by Prinx Chengshan in 2022, amongst other things.

Related news:

  1. ‘Born for the electric age’ – Prinx debuts latest products
  2. Prinx truck tyres being distributed in the USA by TBC
  3. TecAlliance enables IDP for realtime TecDoc updates
  4. Using technology to create efficiencies in mobile tyre service
11th August 2022 /1 Comment/by
,

Aeolus officially controls 100% of Prometeon Tyre Group

On 4 August 2022, Aeolus announced it was ready to sign a supplementary agreement with China National Tyre & Rubber Co., Ltd (CNRC). Through that agreement, CNRC has entrusted Aeolus with a 38 per cent stake in Prometeon Tyre Group S.r.l. (PTG).

Related news:

  1. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  2. Prometeon/Aeolus integration stalls
  3. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
10th August 2022 /1 Comment/by
,

Nankang and Federal’s cumulative operating revenue declined

In the first week of August, Taiwanese tyre manufacturers Nankang and Federal successively released operating data for July 2022.

Nankang’s operating revenue in July was NT$660 million (about £18.22 million; 21.58 million euros), down 10.8 per cent from NT$740 million (about £20.42 million; 24.2 million euros) in the same period last year. From January to July, the tyre maker’s operating revenue was about NT$4.72 billion (about £130 million; 115 million euros), down 3.08 per cent year-on-year.

Related news:

  1. Nankang Tyre took over “management rights” of Federal in Q4 2021
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang employee arrested for alleged kickbacks
  4. Groundbreaking held for Federal Tyres’ newest factory
8th August 2022 by

ZC Rubber plans to add 2.5 million tyres production capacity

ZC Rubber’s subsidiary in Xindeng Town, Fuyang District, Hangzhou City, is planning to add 2.5 million all-steel radial tyres to its production capacity. ZC Rubber stated that the company plans to build a new production workshop and auxiliary facilities shared by the Xindeng Town plant in the reserved space inside the factory. The total construction investment is expected to be 700 million yuan (about £85.14 million, 102 million euros).

Related news:

  1. ZC Rubber’s Anji factory starts making tyres
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Linglong investing almost $1 billion in new circular economy-focused China tyre factory
  4. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
4th August 2022 by

Shandong, China tyre production picks up

First half 2022 data released by several Shandong Province institutions shows that manufacturing output within China’s best-known province for tyre production is picking up.

Related news:

  1. The Chinese tyre industry wants to move from biggest to best
  2. Digital transformation in the tyre sector
  3. The Chinese tyre industry’s current struggle for survival
  4. Shandong provincial government ‘eliminating’ outdated tyre production capacity
4th August 2022 by

Aeolus relocates former Double Happiness tyre factory

Progress has been made in the relocation of Aeolus’s Qingxu County, Taiyuan City, China tyre factory. Specifically, the Qingxu county government has already determined the factory’s new address. A few days ago, the relevant departments invited a design team to inspect the factory’s new location and discuss the relocation project’s design plan. At present, the design unit is preparing a feasibility proposal.

Related news:

  1. Hangzhou Zhongce confirms Thai factory reports
  2. Open for business: T&A tours Triangle HQ and manufacturing base
  3. ChemChina to create world’s fourth-largest industrial tyre company
  4. Aeolus continues to rise in Chinese tyre market
4th August 2022 by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.