Group 1 - The global tire market is experiencing a recovery, with demand for original equipment tires expected to return to pre-pandemic levels, reaching 90 million units this year [3] - China's rubber industry achieved record exports last year, with 18 companies establishing factories overseas in countries like Thailand and Vietnam, accelerating the industry's internationalization [2] - The EU's "Zero Deforestation Regulation" has provided a favorable buffer period for Chinese tire companies, allowing them to adapt to new compliance requirements [5] Group 2 - The demand for replacement tires is projected to grow, with global sales expected to approach 1.6 billion units by 2026 for passenger vehicles and 180 million units for commercial vehicles [3] - The automotive market is expected to drive tire sales, with commercial vehicle sales in China projected to exceed 3.5 million units this year and approach 4 million units by 2026 [3] - The EU automotive production is expected to decline by 5% in 2024, significantly lagging behind growth rates in ASEAN and East Asia, which are projected to exceed 10% [4] Group 3 - The EU's "Zero Deforestation Regulation" requires importers to prove that rubber materials do not contribute to deforestation, necessitating upgrades to supply chain traceability systems [5] - The Connecticut Tire Management Law in the U.S. mandates tire manufacturers and importers to take responsibility for the recycling and disposal of used tires, which may lead to increased compliance costs for Chinese tire companies [6][7] - The implementation of the U.S. tire management law will require companies to enhance supply chain transparency and establish comprehensive ESG management systems [7]