Double Coin revenue increases 7.43%
Double Coin produced 17.06 million tyres in 2024, an increase of 17.57 per cent year-on-year, and sold 16.24 million tyres, a rise of 9.19 per cent. The increase in production and differences in product structure caused the company’s inventory to increase by 59.06 per cent compared with the same period in 2023. Revenue amounted to 10.94 billion yuan, an increase of 7.43 per cent over the previous year.
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Chinese EV price war raises fleet fear of similar strategy in the UK
A round of dramatic price cuts by Chinese manufacturers in their domestic market recently has raised the possibility of a similar strategy being adopted in the UK, says fleet software and management specialist FleetCheck. The Financial Times is reporting that BYD has “fired a new salvo in a prolonged price war” by reducing prices of 20 different models by up to 34 per cent with other manufacturers following suit. Share values have fallen as a result.
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389 Sailun-made tyres recalled in the USA
Across the Atlantic, Sailun Tire Americas, Inc. is recalling certain Transamerican brand New Mutant X-AT Predator model tyres. According to NHTSA filings, 389 of these tyres in 265/70R17 115S “may have a puncture and leak air”. No injuries or vehicle damage related to this issue have been reported. And no European markets are affected by the issue related to this recalling, a company spokesperson confirmed in answer to questions from Tyres & Accessories.
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How supercar rentals in Dubai are shaping performance tyre innovation
When it comes to ultra-high-performance tyres, Dubai no longer seen exclusively as a sales market. Today, the region presents a real-world stress environment. Operators that rent a car in UAE install and replace Z-rated tyres frequently, exposing them to high temperatures, urban traffic, and visitor-style driving. While not all companies share telematics openly, some rental fleets now collect usage data that feeds back into operational decisions. What happens on Dubai’s roads often reflects the extreme edge of everyday use.
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Goodyear pays down debt with Dunlop sale proceeds, starts $500 million fundraising
The Goodyear Tire & Rubber Company has commenced a public offering of $500 million aggregate principal amount of 5-year senior notes. According to Goodyear, the notes will be senior unsecured obligations of the company.
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First tyre rolls off production line at Sailun’s Indonesian factory
Sailun’s Indonesian factory saw its first passenger car radial tyre roll off the production line on 28 May, “marking the official start of production of Sailun’s fourth overseas production base in Southeast Asia” and “another key step in its globalisation strategy”, according to the company. In addition to Indonesia, Sailun has factories in Vietnam and Cambodia.
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Dunlop Aircraft Tyres reports 102GB cyberattack
Dunlop Aircraft Tyres Ltd (DATL) has reported that it suffered from a cyberattack last year at its headquarters in Erdington, Birmingham that impacted the company for a month. Following the cyberattack on 30 June 2024, the company said it applied recovery procedures to bring production back into operation by day six while full business operations were restored within 30 days.
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Yongsheng plans Morocco car tyre factory
Shandong Yongsheng Rubber said it is preparing to build a factory with an annual production capacity of 6 million semi-steel radial tyres in Morocco. The project was filed on 28 May. According to Chinese media Cheyuan Chezhe, Yongsheng Rubber’s Moroccan factory is expected to start construction within six months and gradually increase its production capacity to 12 million tyres per year. At the same time, Yongsheng Rubber’s second overseas factory is expected to be established in the next three years.
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Nexen tyres OE on Kia’s first saloon EV, the EV4
Nexen Tire is supplying its N’Fera Supreme S all-season tyres as original equipment (OE) for the Kia EV4, Kia’s first electric saloon car. According to the Korean tyremaker, the N’Fera Supreme S was selected for the EV4 in order to meet “the unique performance demands of electric vehicles, including high torque, low noise, and precise handling”.
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Yokohama fights counterfeit aluminium wheels in China
The Yokohama Rubber Co. Ltd. has reported the successful completion of its efforts to eliminate counterfeit versions of the company’s aluminium wheels in China. In order to remove such products from the market, Yokohama Rubber filed an administrative complaint and submitted information to the Municipal Administration for Market Regulation in Anlu City, Hubei Province, China.
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Evonik continuing Borussia Dortmund partnership – but not as main sponsor
After nearly 20 years as main sponsor of Bundesliga club Borussia Dortmund, Evonik is “moving to the sidelines.” The specialty chemicals firm is relinquishing its leading sponsorship role to become a Champion Partner of the German football team.
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BKT entering car/truck segments under new 5-year plan
For almost 40 years BKT has specialised in the off-highway tyre segment, but the firm now has its sights on India’s car and truck/bus tyre markets. The company outlined this aim in a new five-year strategic plan that targets annual revenue of Rs 230 billion (£1.99 billion / US$2.7 billion) by 2030.
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Michelin investing 60 million euros in France composite plant
Michelin reports that it is waking the 5-HMF giant via its investment in a world-first demonstrator unit producing the molecule. For those without a background in chemistry, 5-Hydroxymethylfurfural (5-HMF) is a bio-based, non-toxic molecule with a very low carbon footprint that is derived from fructose and advanced fructose. Applications include brake pads, other automotive parts and fuels as well as numerous demanding non-automotive applications such as aeronautics, construction, space and defence.
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NTAW remains NZ Dunlop distributor – loses Australia rights
In January, Goodyear’s businesses in Australia and New Zealand notified subsidiaries of tyre importer and distributor NTAW Holdings Limited that it was terminating distribution agreements for Dunlop tyres in both countries. Following the signing of several agreements on 8 May 2025, NTAW continues as Dunlop distributor in New Zealand but will relinquish this role in Australia.
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Clarios shares site shortlist for critical mineral investment
Enabled by the Trump government’s recent executive orders and using US federal advanced manufacturing tax credits, battery manufacturer Clarios plans to invest up to US$1 billion in a state-of-the-art critical minerals processing and recovery plant in the United States. For the company, this project represents a “significant step” in its strategy to enhance the domestic supply of critical minerals that are “essential for national security.” Clarios reports having completed preliminary site assessments and is considering Indiana, Texas and Utah as potential locations for investment.
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