Recently, Shandong Demake Tire Co., Ltd and Tsinghua University Automobile Department held the cooperation signing ceremony of "high performance intelligent tire" project.　　 　　It is understood that Demake Tire was founded in 2016 with a registered capital of 42 million yuan.
　　In January 2017, its all steel radial tire production line was formally put into operation. Subsequently, Bridgestone technical experts went to the company to direct production.
　　The company's annual capacity for all steel radial tires is 500 thousand for the first phase and 1.5 million for the second phase.