The sales volume of tires by Shandong Fengyuan Tire Manufacturing Co., Ltd. in Sept. grew 32.5% from Aug., or 53% over the same period of last year.
After a sluggish period in July-Aug. in the international market, the sales of the company was back on track, with the sales volume exceeding 200,000 tires in the domestic market last month.
Its snow tires sold better and maintained robust growing momentum, rising 60% year on year.
Fengyuan Tire’s cooperation with Changsha Zotye Auto and BAIC Motor has also made progresses.
In addition, the tire producer and Brilliance Auto (Mianyang) reached an agreement of tire provision and the first batch of tires have been delivered for testing.
Established in 2007, Fengyuan Tire is a semi-steel radial tire producer controlled by state-owned Shandong Energy Zaozhuang Mining Group Co., Ltd.
