The first Chinese Enterprise Innovation Conference was held in Shanghai lately.
The event was initiated by Automotive Assessment Research Institute.
The sponsor released three lists, namely the Top 50 Chinese Automotive (Parts) Enterprises by Innovation, the Top 10 Auto Parts Enterprises by R&D Expenditure, and the Top 10 Auto Parts Enterprises by Business Scale.
Many tire and rubber companies have been involved in the lists.
Linglong Tire and Zhongding Sealing Parts have been involved in the Top 10 Auto Parts Enterprises by R&D Expenditure. The two firms’ average R&D expenses in 2015-2016 were 350 million yuan and 270 million yuan, respectively.
Zhongding Sealing Parts, Pengling Rubber Hose, Giti Tire, Linglong Tire, and Aeolus Tyre are among the Top 50 Chinese Automotive (Parts) Enterprises by Innovation.
In addition, Linglong Tire and Sailun Jinyu are among the Top 10 Auto Parts Enterprises by Business Scale due to high revenue of major businesses in 2014-2016.
