The average price increase of tires sold by Chinese brand tires in China is 4%

Europe’s largest tire supplier, German Horse Tire, announced that it has re-adjusted the price of its passenger car and light truck tires in mainland China since April 29, 2010, and averaged its sales of passenger car and light truck tires in China. The price increase is 4%, and the price increase will be different for different product series.

The price adjustment of German horse brand tires was mainly to cope with the cost pressure caused by the price increase of raw materials. In the past year, the prices of tire raw materials have risen sharply. The current price of natural rubber has doubled compared to the prices at the beginning of 2009. . The price increase will help the German brand tires reduce the increasing cost pressures and ensure the excellent quality of their products.

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