Chinese Tiremakers Plan Future Growth in U.S.
These days Chinese biking lovers are overwhelmed by a newly launched foldable electric bike called the Uma Mini, produced by Hangzhou-based tech start-up Yunzao Technology. The company has sold more than 2 million Uma Minis since the product was launched on June 24. Similar enthusiasm is also given to the Ninebot electric self-balancing scooter by
Triangle Group Shares Global Plan
As China’s economy is slowing down, local companies are looking outside the country to grow business. Among these companies is Weihai, Shandong-based Triangle Group. In January, Triangle received the approval from the China Securities Regulatory Commission to have an initial public offering in the Shanghai stock exchange. Triangle said it expects to raise more than
Triangle Embraces ‘Industry 4.0’
How do you track a tire’s manufacturing process for better quality control? Triangle Group Co. has a solution. In February, the Weihai, Shandong province-based Chinese tiremaker unveiled its brand new facility named Hua Yang factory, also located in Weihai. With an investment of $1.03 billion, the facility, which makes high performance passenger car radial tires, has been equipped with
