Recently, Brand Finance, a brand valuation consulting company, released a new issue of the TOP25 tire brand rankings.
Michelin has been the world's most valuable tire brand for seven consecutive years.
Giti Tire, ranked ninth, is the brand with the most value growth in the list.
The brand benefited from a strong performance in the Chinese market, with a 19% increase in brand value.
Studies have shown that Giti Tire has gained a high level of market recognition in China.
China has 6 major tire brands (including Taiwan) on the list, which is the region with the largest number of brands on the list.
Among them, the fastest growth is Sen Kirin Tire, with an increase of 17%.
The brand value of Triangle, Linglong and Sailun increased by 15%, 11% and 10% respectively.
According to the report, nearly half of the world's fastest-growing tire brands come from China.
Brand Finance said that 2023 will be a prosperous year for China's tire industry.
Against the backdrop of challenges facing global tyre giants, Chinese brands have achieved phenomenal growth in the face of adversity.
The rise of these Chinese brands indicates that the global tire market will usher in a new era of competition and opportunity.
