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- China's tire quality continues to improve
China's tire quality continues to improve
In recent years, Chinese tire companies have made significant progress in technology research&development and quality control, and many companies are capable of competing with well-known international brands.
In addition, compared with foreign brands, Chinese tires have obvious advantages in cost control and production efficiency, so they can be sold to consumers at lower prices. This price advantage makes Chinese tires highly attractive in overseas markets.
A tire dealer previously said, “In terms of price, foreign brand tires are much higher than Chinese brands. The average price of Chinese brand tires is less than 380 yuan, while the average price of foreign brand tires is 770 yuan, which is almost twice that of Chinese tires.”
The high cost performance of Chinese tires also makes some foreign consumers increasingly prefer to use Chinese tires.
According to some relevant report data, Chinese tires account for as much as 85% of the Pakistani market; 50% of foreigners are using Chinese tires; the market share of Chinese tires in Europe has increased from 4% to 23%.