Linglong Tire has once again been awarded an 'A' rating for information disclosure by the Shanghai Stock Exchange (SSE), marking the fifth year in a row that the company has achieved this prestigious rating. This recognition not only underscores Linglong Tire's steadfast commitment to transparency but also solidifies its position as a leader in corporate governance within the tyre industry. Notably, Linglong is the only tyre company listed on the SSE to have consistently maintained this rating since 2020.
Dive into the full article below.
If you’d like to stay updated with weekly news directly in your inbox,
subscribe to Tyre News Media today!
Linglong Tire places a high priority on sustainable development, continually advancing initiatives that reduce carbon intensity and enhance overall product quality. By aligning its operations with global sustainability goals, Linglong aims to meet the growing demands of environmentally conscious consumers. The company's sustainability efforts are bolstered by a robust management system that ensures continuous improvement and adaptation to new environmental challenges.
A key component of Linglong Tire's strategy is its focus on innovation. With an investment in research and development that has resulted in over 1,200 patents, Linglong ranks among the top Chinese tyre manufacturers in technological advancement. This dedication to innovation is a testament to the company's drive to stay at the forefront of the industry and address the evolving needs of global markets.
Linglong is advancing an ambitious "7+5" global development strategy, which aims to expand its production capacity and enhance its competitiveness. This strategy is geared towards achieving a target of over 160 million tyre sales by 2030, a goal that reflects Linglong's robust growth ambitions. This global outlook is reinforced by the company's impressive brand value, which has seen an 11% increase to USD 799 million in 2024, making it one of the fastest-growing tyre brands in the world.
Linglong's expansion efforts are not limited to its production capacities. Chinese tyre brands, including Linglong, are experiencing substantial growth in international markets, with particularly strong demand in regions like South America, where exports have risen by 33%. This global market expansion is further bolstered by Linglong's inclusion in major international indexes such as MSCI, FTSE Russell, and S&P Emerging BMI, which has attracted attention from global investors.
By consistently achieving high standards in transparency, innovation, and sustainability, Linglong Tire has not only fortified its position within the tyre industry but also demonstrated its capability to thrive in a competitive global marketplace.
