# Continental celebrates grand opening of fourth expansion at Hefei tire plant

Continental has celebrated the grand opening of the fourth expansion phase of its tire plant in Hefei, China, boosting annual production capacity to 18 million tires by 2027 and creating 400 additional jobs. Total investments stand at close to 1 billion Euro.

- Type: Expansion
- Announced: 2024-06-20
- Where: Hefei, China, China
- Value: $1.07B (1.00B EUR)
- Jobs: 400
- Starts operating: 2027
- Status: completed
- Capacity: 18 million tires per year
- Products: passenger and light truck tires, Ultra High-Performance tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Continental](https://endata.com/companies/925.md)

## Sources

- [continental.com](https://www.continental.com/en/press/press-releases/20240620-hefei-phase/), 2024-06-20: "Our latest expansion further solidifies our ‘in the market for the market’ approach"
- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/70033890), 2024-07-09: "The Phase II expansion project adds approximately 10,000 square meters of new factory space."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.