On the end of 2019, Song Wenbo, chairman of Xinghongyuan Tire announced that the company has realized 11.12 million units of tire production in 2019.
Amongst, the company exported 7 million units of tires overseas and sold 4 million units of tires in China, which broke through 1.5 billion yuan of sales in 2019.
In 2020, Xinghongyuan Tire aims to produce 12 million units of tires and realize 1.8 billion yuan of sales value.
Xinghongyuan Tire located in Mengyin, Shandong Province, and has signed strategy cooperation contract with Yokohama Rubber to produce high-performance half-steel radial tires.
