Demand for new energy vehicle tires rose

With the rapid growth of CUV, SUV and light truck tire sales in North America, tire size is expected to continue to increase in the future. In addition, according to various financial reports, while the light truck segment maintains strong growth, demand in these two areas is quietly increasing.

Although car sales in the first three quarters of this year were hindered by various force majeure factors, the sales of electric and hybrid cars in many regions have not been affected too much. The data shows that the sales volume of new energy vehicles in the Chinese market in the first ten months of 2021 is 2.542 million, and the annual sales volume is expected to reach 3.45 million; the cumulative sales of new energy vehicles in Europe during the same period is 1.589 million, and the annual European registration volume is expected to be 2.05 million; In the U.S. market, under the favorable policies, the volume of new energy vehicles has increased significantly.

With the rising new energy vehicle market, the demand for high-performance tires is rising. Especially in the field of commercial vehicles, because of the difference in torque drive between electric and hybrid vehicles, they have extremely high requirements for rolling resistance and performance, which prompted the development of new energy-adapted tires (usually larger in size and higher in performance) in the first half of this year. Demand accelerated.

All-season tire hot sales trend is obvious

Secondly, due to changes in consumer habits in the North American market, the sales of all-season tires with Sanfeng Snowflake certification and both dry and wet performance are increasing. From the fact that many tire companies have successively launched new all-season products in industry exhibitions, we can also prove that all-season tires with strong adaptability are becoming more and more popula