On November 1, 2010, the reporter learned from the relevant person in charge of the Korean headquarters of Hankook Tire that the company had clearly planned to build a third factory in China (the first two were in Jiaxing and Jiangsu respectively), mainly producing truck and bus tires. The largest possible settlement in Chongqing. The relevant person in charge of Yokohama Tire also revealed recently that it is currently working on a project to expand the production of passenger car tires.
This means that the recently introduced policies aimed at curbing excess capacity in domestic tire companies are still hard to resist the impulse of tire companies to expand in China.
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