Overview of 17 Overseas Factories of Chinese Tire Manufacturers

Thirteen-year overseas journey, 17 overseas plants, 282 million annual capacity -- the globalization expedition of Chinese tires is arriving at the golden moment for profit realization.

As of October 2026, seven leading enterprises: Zhongce, Sailun, Linglong, Sincere, Triangle, Aeolus, and Double Star, have deployed 17 plants across four continents, with total overseas capacity of approximately 282 million tires/year, equivalent to 38% of total domestic capacity. Moving from the factory construction phase to the profit phase, the globalization of Chinese tires has entered a new stage.

Layout Map: Four Continents Strategically Deployed

Sailun leads with 5 locations: Vietnam (launched in 2013, the first overseas greenfield factory in the Chinese tire industry), Cambodia, Indonesia, Mexico (four already in production), Egypt (under construction). Zhongce owns 4 bases; Thailand's 15 million passenger car tires + 4 million all-steel tire capacity is continuously expanding; Indonesia, Vietnam, Mexico are advancing in steps. Linglong has a trinity of Thailand, Serbia, and Egypt; Serbia is the first Chinese-funded greenfield tire factory in Europe. Sincere deepens in Thailand and locates in Morocco; Morocco Phase I took only 11 months from start to first tire production. Triangle, Aeolus, and Double Star each hold a city: Triangle bets on Cambodia; Aeolus deepens in Egypt engineering tires; Double Star achieves cross-level upgrade via Cambodia Factory + Kumho Global Brand.

Profit Realization: Overseas Factories Become Growth Engine

Financial reports from H1 2026 show concentrated release of overseas base profitability:

Sailun Cambodia became an industry benchmark -- half-year revenue 4.405 billion yuan, net profit margin as high as 21.6%, net profit increased by about 101% YoY. Under its drive, Cambodia tire export value Jan-Aug exceeded 1.497 billion USD, surging 72.14% YoY, products sold to US, Brazil, Europe and other global markets.

Sailun Vietnam's 2024 single-plant revenue reached 8.644 billion yuan, first-mover advantage continuously consolidated; Zhongce Thailand's 2025 net profit 1.014 billion yuan, accounting for 24.5% of company's attributable net profit, a stable profit ballast; Sincere Morocco turned losses to profit in H1, secured Renault and Stellantis global supplier qualifications, joined European high-end OEM supply chain; Linglong Serbia passed Volkswagen, Audi, BMW audits and obtained Ford Q1 certification, European localization strategic value highlighted.

Strategic Upgrade: From Single-point Factory Building to Full-Chain Globalization

Unlike the first round of globalization, the biggest highlight of this round is Chain Globalization: Egypt has attracted 5 tire plants to cluster investment, driving upstream and downstream collaboration including Zhongtian Steel (steel cord), Link Technology (carbon black), Hoyma Group (molds), forming a complete cluster of Tire + Material + Equipment; Morocco leverages zero tariff advantage facing EU, gathering high-end capacity like Sincere, Guizhou Tire. Egypt focuses on scale and clusters, Morocco focuses on high-end and market access, Chinese tire global supply chain system is improving.

Facing trade variables like EU anti-dumping duties, multi-base layout shows strong resilience: Sailun 5-point support, Zhongce 4-country coordination, diluting policy risks into manageable costs; OEM supply continues to break through, Zhongce entered AITO M6 and Maextro S800 supply systems, order structure upgraded towards high value-added.

Conclusion: Second Half Competes on Profit Speed

In thirteen years, Chinese tires completed the leap from product globalization to industry globalization. Industry consensus is clear: Tariffs decide where to ship from, Net profit margin decides whether it's viable. The second half of going overseas compares not on factory construction speed, but on the speed of converting capacity into profit.

Capacity has gone overseas, profits are catching up. In this major globalization exam, Chinese tires are turning in an increasingly impressive answer sheet.