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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SHANGHAI, January 25 (Xinhua) — The Michelin Group opened its first "factory of the future" in Shanghai on Friday. The total investment in the project amounted to 3 billion yuan (approximately 425 million U.S. dollars).
The new plant is equipped with advanced and flexible production systems designed to serve China's ever-expanding new energy vehicle (NEV) market.
The global tire giant first entered the Chinese market in the 1980s and has since witnessed the rapid growth of China's automotive sector and advances in NEV technology. Today, Michelin holds over 30% of the high-quality NEV tire market in China and supplies its products to many Chinese automakers.
Equipped with the latest Michelin equipment, the "factory of the future" can produce one tire every 36 seconds and handle both large and small orders of up to 100 tires. Approximately 70 percent of the company's output will be NEVs, and the order-to-delivery cycle will be reduced from 10 days to 5.
The expansion is expected to increase the plant's capacity by 1 million tires per year, and increase total production from 8.5 million to 9.5 million tires per year.
The company's goal is to combine advanced manufacturing capabilities with a core commitment to sustainability. According to the company, they use artificial intelligence to optimize production management and operate exclusively on renewable energy sources, implementing eco-friendly practices throughout the entire production chain.
The future plant is an important step in Michelin's long-term partnership with China to support high-quality growth and the green transition, Matthew Ye, president and CEO of Michelin Greater China, said at the opening ceremony.
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