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Latin Tyre & Auto Parts Expo 2024: Opportunities to Expand Business your Tyre Business

All, Events & Exhibitions, Exhibition SectionJune 21, 2024294Views0Likes0Comments
The Latin Tyre & Auto Parts Expo is also known as Latin America’s premier tyre and auto parts exhibition. The event, set for July 31 to August 2, 2024, at the state-of-the-art Panama Convention Center, offers an unmatched opportunity for professionals in the tire and auto parts industry to connect, grow, and thrive. Here’s how…

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Tariffs on Chinese EV Imports to be Increased by the EU

All, Market & Trade Trends, NewsJune 14, 2024196Views0Likes0Comments
The European Union has announced plans to impose tariffs of up to 38% on Chinese electric vehicle imports, potentially amounting to over €2 billion annually. This decision follows a thorough nine-month investigation into alleged unfair subsidies benefiting Chinese electric vehicle manufacturers, including prominent brands such as BYD, Geely, and SAIC. The EU's anti-subsidy investigation…

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Rapid Growth of Chinese Tyre Brands Revealed by Brand Finance

All, News, Tyre Technology & Product InnovationJune 11, 2024213Views0Likes0Comments
The latest report from Brand Finance shows the robust growth of Chinese tyre brands within a landscape traditionally dominated by Western competitors. While Michelin, Bridgestone, and Continental hold the top three positions as the world's most valuable and strongest tyre brands, a significant trend emerges from China. The Chinese tyre industry's success in 2023…

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Shifts in Ocean Shipping | The Impact of the Red Sea Crisis

All, Blog, Market & Trade TrendsJune 10, 2024230Views0Likes0Comments
The recent crisis in the Red Sea has thrown the global shipping industry into turmoil. Security threats and geopolitical tensions have forced shipping companies to rethink their strategies, impacting transit times, costs, and logistics. Let’s explore the major changes and long-term implications for the industry. Key Changes in Ocean Shipping 1. Rerouting Through…

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Tyre manufacturing Giant Develops Exclusive P Zero Winter 2 for BMW 7 Series

All, General Industry News, NewsJune 6, 2024163Views0Likes0Comments
BMW has introduced new 20-inch P Zero Winter 2 tyres for the BMW 7 Series in collaboration with a leading tyre manufacturer, setting a new standard in electric vehicle tyre technology. These tyres, revealed at Tire Cologne, offer extended range capabilities and superior performance in winter conditions. These tyres, boasting an “A class” European labelling…

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Tyre Exports and Freight Trends: What’s Ahead?

All, Blog, Market & Trade TrendsJune 4, 2024423Views0Likes0Comments
Overview of the Tyre Industry The tyre export industry is a significant player in global trade, providing essential components for vehicles. With technological advancements, increasing vehicle production, and expanding international trade networks, the tyre export and manufacturing sectors are poised for growth. The global tyre market was valued at approximately USD 232 billion in 2023.…

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Chinese Tyre Manufacturer Sees Rapid Growth in Europe and Middle East Sales in 2023

All, General Industry News, NewsMay 27, 2024251Views0Likes0Comments
In 2023, a Chinese tyre manufacturer reported substantial growth in sales across Europe and the Middle East. The company's annual revenue reached 10.42 billion yuan (approximately £1.13 billion or €1.33 billion), with a net profit of about 1.4 billion yuan (approximately £150 million or €180 million). This performance enabled Triangle Tyre to surpass Double Coin…

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