In recent years, the global economic growth has become significantly colder, and various economic indexes have hit record lows. Under the influence of this economic environment, the overall overcapacity situation of the tire industry has not been resolved, and problems such as rising costs and environmental pressure have followed. At the same time, China's tire industry has to face successive external problems. Wang Feng believes that this is undoubtedly putting greater pressure on Chinese tires that are highly competitive in overseas markets. At present, Chinese tires are at a critical point, seizing opportunities to challenge innovation, and transforming into high-end markets is the long-term development of the industry. First, to build a high-end tire brand, it is necessary to promote independent innovation based on product quality. Secondly, electric vehicles are the focus of the global automotive industry. This is also an important area for the tire industry. Wang Feng points out that only by actively transforming, can the industry's road get wider and wider.

（R-11）