On October 27, the first high-performance PCR tire produced overseas by GIIHG successfully rolled off the production line at Wanli Tire's Cambodia production base, marking a key step forward in the group's tire business in its global industrial layout. The base will officially start production early next year, which will further enhance Wanli Tire's supply capacity in overseas markets and provide global customers with more efficient and higher-quality products and services.
Wanli Tire's Cambodia base is the first overseas intelligent production base independently developed by GIIHG, and also Wanli Tire's first overseas production base. It is committed to becoming a benchmark factory for China's tire industry to "going global" in terms of production capacity. Once fully operational, the project will have an annual production capacity of 12 million PCR tires. The successful rollout of the first tire marks the completion of the initial construction and equipment commissioning of the base, which has officially entered the trial production stage, laying a solid foundation for the subsequent large-scale production of the base.
Since its groundbreaking ceremony in January 2025, Wanli Tire's Cambodia base has overcome multiple challenges, including transnational collaboration and localized operations, and has continuously accelerated the project's construction, achieving the first tire rolled off the production line in just 288 days, setting a new industry record.
In recent years, Wanli Tire has accelerated its capacity expansion and actively expanded into international markets.The annual production capacity of semi-steel tires at the Conghua base in Guangzhou has increased from 15 million to 30 million, making it one of the largest single tire factories in China. In the first three quarters of this year, Wanli Tire's sales of PCR and TBR tires increased by 22.2% and 9.2% year-on-year respectively. The completion of the Cambodia base will complement domestic production capacity, meet the diverse needs of the global market, and enhance the competitiveness of Chinese tire brands in the international market.
In recent years, GIIHG has continuously strengthened its localization service capabilities by establishing entities and promoting the construction of overseas factories. Currently, it has a total of 20 overseas R&D institutions and production bases, and its products are exported to more than 160 countries and regions. In the first three quarters of this year, the group's export volume increased by 15% year-on-year, accelerating the formation of new international competitive advantages.
In the future, GIIHG will continue to seize strategic and overseas opportunities, build dual competitiveness in technology and production capacity, continuously expand its international business footprint, and accelerate the global market layout of "intelligent manufacturing".
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