# Yokohama Rubber breaks ground on $500M tire plant in Hangzhou, China

Yokohama Rubber held a groundbreaking ceremony for its Hangzhou Qiantang Yokohama Tire Co., Ltd plant in China. The factory is expected to begin operations in 2026 with an initial capacity of 9 million passenger car tires per year, eventually reaching 14 million tires annually. The investment is reported as US$500 million.

- Type: New facility
- Announced: 2024-12-17
- Where: Hangzhou Qiantang District, China, China
- Value: $500.0M
- Starts operating: 2026
- Status: under construction
- Capacity: 14 million tires per year
- Products: passenger car tires, tires for new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Yokohama Rubber Co.](https://endata.com/companies/53527.md)

## Sources

- [tyrepress.com](https://www.tyrepress.com/2024/12/groundbreaking-for-yokohama-tire-plant-in-china/), 2024-12-17: "We are increasing our investment and building a new factory because we value Qiantang's excellent business environment and its abundant talent pool, which are crucial to the development of our company."

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