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Tires & Rubber

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ZC Rubber

ZC Rubber

ZC Rubber

Verified Sep 2026

Tires & Rubber

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China flag

Hangzhou, China

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Since 1958

ZC Rubber (Zhongce Rubber Group Co., Ltd.) is China's largest tire manufacturer, founded in 1958 and headquartered in Hangzhou, Zhejiang. The publicly listed company produces truck, passenger car, OTR, agricultural, and two-wheel tires under brands including Westlake, Chaoyang, Goodride, and Arisun, supplying replacement and OE markets in more than 190 countries with annual revenue of approximately USD 5.9 billion.

ZC Rubber

Verified Sep 2026

AT A GLANCE

Founded

1958

Headquarters

China flag

Hangzhou, China

Employees

~30,000

Ownership

Listed

ZC Rubber at a glance

Revenue

€5.5B

FY2025 · Berylls

Employees

~30,000

Company statement

Founded

1958

Headquarters

Hangzhou, China

Ownership

Listed

SSE: 603049 · IPO June 2025

Certifications

IATF 16949:2016 (claimed) · ISO 9001:2015 · DOT · E-Mark · SmartWay

EPA

Import activity

6,514

US import shipments on record · Via US subsidiary

Known customers

Xiaomi Auto (OE: SkyNomad N70, Sep 2026) · Changan Automobile · SAIC-GM

Industries

Automotive

Electric Vehicles

Construction

Consumer Goods

Sourcing and import activity

Inbound to Zhongce Rubber America from group factories in Thailand and Tianjin; most recent April 2026

US sea imports

6,514

Named foreign suppliers

Top origins

Thailand · China (Tianjin)

Most recent shipment

Apr 9, 2026

Shared foreign counterparties do not establish that these companies buy from ZC Rubber.

What this tells a buyer

The US import stream flows from ZC Rubber's own Thailand and Tianjin plants through its Walnut, California subsidiary -- a vertically integrated distribution pattern, not third-party sourcing.

ZC Rubber's Thailand factory generated RMB 6.96 billion in FY2024 revenue with a 22% net margin, making it the highest-margin production subsidiary in the group's disclosed financials.

In 2025, the company invested RMB 1.54 billion in R&D (3.43% of revenue), underpinning its OE expansion into EV platforms -- the Xiaomi Auto fitment was announced in September 2026.

Source: US customs bill-of-lading records, company IPO prospectus, and public filings · Last verified Sep 2026

STABILITY SIGNALS

Established & strong

FinancialStrong
TradeStrong
QualityModerate
ScaleStrong
TenureStrong

€5,538M revenue (FY2025, Berylls automotive sector), 9.6% profit margin (Berylls; metric type unspecified -- consistent with ~9.7% net margin per IPO prospectus), +9.9% YoY.

Publicly listed on the Shanghai Stock Exchange (SSE: 603049) since June 2025; in operation since 1958.

Holds IATF 16949:2016 and ISO 9001:2015 certifications (company claims); recipient of China's State Science and Technology Progress Award, Second Prize, in 2026.

What ZC Rubber makes

Zhongce Rubber Group (ZC Rubber) produces a full range of tires from its manufacturing base in Hangzhou, Zhejiang, China. The product portfolio covers truck and bus radial tires (TBR), passenger car radial tires (PCR), off-the-road (OTR) tires for construction and mining, agricultural tires, industrial solid tires, motorcycle tires, bicycle tires, and ATV tires. By the end of 2024, the company's annual installed capacity reached 22.34 million TBR, 72.56 million PCR, and 6.77 million bias tires, plus 126 million two-wheel tires, with capacity utilization above 90% across facilities.

ZC Rubber markets its products under multiple brand families, each targeting a specific segment: Westlake (international replacement market), Chaoyang (China and heavy-duty commercial), Goodride (high-volume global distribution), Arisun (North and South America, TBR), Trazano (value-oriented international), and Tianli (application-specific OTR, agriculture, and forestry tires distributed in over 100 countries). The Arisun and Westlake brands carry the bulk of the OE business, where performance tiers demand closer vehicle-specific development.

R&D is organized around two proprietary technology platforms: the X-Tech System for truck and bus radial tires, and the Phecda Tech System for passenger car radial tires. Both integrate compound formulation, structural design, process engineering, simulation, and testing in a single development loop. In 2025, ZC Rubber invested RMB 1.54 billion in R&D, equal to 3.43% of annual revenue, per the company's annual report.

Financial performance

ZC Rubber reported automotive-sector revenue of €5,538 million in FY2025, per the Berylls Top-100 2026 study, up approximately 9.9% from €5,041 million in FY2024. The company's own About page cites USD 5.9199 billion in FY2025 sales, consistent with the Berylls figure at prevailing exchange rates. Operating margin for FY2025 was approximately 9.6%, per Berylls, placing ZC Rubber above the global tire-sector median for that year.

For FY2024, the company's IPO prospectus (via public reporting in May 2025) reported revenue of RMB 39.25 billion with net profit of RMB 3.79 billion, equivalent to a 9.7% net margin. From 2022 to 2024, total revenue grew by roughly RMB 7 billion. TBR products accounted for 46% of 2024 sales revenue and PCR for 35%. In 2024, revenue contributions by region were: East China 21%, North America 17%, Asia 11%, and Europe 10%, with remaining sales distributed across other markets.

The company listed on the Shanghai Stock Exchange (SSE: 603049) on June 5, 2025, raising approximately RMB 4.85 billion (around €600 million) through an IPO at RMB 46.50 per share. Proceeds are designated for capacity expansion, R&D infrastructure, and working capital.

The company employs approximately 30,000 people globally, per the Chairman's statement on its own website.

Ownership and history

ZC Rubber was founded in 1958 as a state enterprise in Hangzhou, Zhejiang, and originally produced rubber footwear before pivoting to tire manufacturing. The company is formally known as Zhongce Rubber Group Co., Ltd. and was renamed from Hangzhou Zhongce Rubber Co., Ltd. in August 2013 as it expanded internationally.

Today ZC Rubber operates a network of manufacturing subsidiaries across China, including production bases in Jiande, Qingquan, Anji, and Tianjin, plus a Thailand factory (Zhongce Rubber Thailand, Rayong) that generated RMB 6.96 billion in FY2024 revenue, the largest single subsidiary by revenue. International offices include Zhongce Europe GmbH in Hannover, Zhongce Rubber America Inc. in Walnut, California, and operations in Brazil and Indonesia. The group's products reach more than 190 countries and regions.

The Shanghai IPO in 2025 marked a structural transition from a state-affiliated enterprise to a publicly listed company, giving ZC Rubber access to capital markets for the first time.

Certifications and quality

ZC Rubber claims the following certifications across its facilities: ISO 9001:2015, IATF 16949:2016, China Compulsory Certification (CCC), ISO 14001:2015 (Environmental Management System), Economic Commission for Europe (ECE/E-Mark), US Department of Transportation (DOT), Gulf Cooperation Council (GCC), Indonesian SNI, Brazilian INMETRO, and US EPA SmartWay verification for select TBR products. The company states it conducts internal reviews of all factors in its quality management system twice annually.

For supplier tiers of this scale, multi-site IATF 16949 certification is standard practice for OE supply relationships. The company also holds DOT certification enabling commercial tire sales in the US market.

In July 2026, ZC Rubber and Harbin Institute of Technology jointly received the Second Prize of China's State Science and Technology Progress Award for the project "Key Technologies and Green Intelligent Manufacturing of High-Performance Tires." Per the company's press release, ZC Rubber is the only Chinese tire manufacturer to receive this award at the second-prize level or above in the past decade.

Known customers

ZC Rubber's documented OE customers and awards include:

Xiaomi Auto selected the Arisun 1 Star (245/55R19) as OE fitment for the Xiaomi SkyNomad N70 Pro and N70 Max range-extended SUV, per ZC Rubber's September 2026 press release. The tire was developed specifically for the N70 using ZC Rubber's Phecda Tech System.

The company's own website lists the following supplier recognition awards from 2015: Outstanding Supplier of Changan Automobile, Excellent Green Supplier of SAIC-GM, and Outstanding Supplier of Liu Gong Machinery. These are the documented OE relationships on record from company-published materials.

ZC Rubber's US subsidiary (Zhongce Rubber America) has 6,514 US customs import shipments on record through April 2026, primarily inbound from sister factories in Thailand and Tianjin, consistent with the group's pattern of centralizing production in lower-cost facilities and distributing regionally.

The company's stated original equipment manufacturer strategy focuses on electrified vehicle platforms, where tire NVH, rolling resistance, and load-carrying requirements differ from conventional programs.

Recent news

September 2026 -- ZC Rubber announced it developed the Arisun 1 Star as OE fitment for the Xiaomi SkyNomad N70 Pro and Max (245/55R19), a five-seat range-extended SUV. The tire integrates 24 internal noise-reduction plugs, an acoustic chamber, and ZC Rubber's BPOT technology for contact pressure optimization, per the company's press release.

July 2026 -- ZC Rubber and Harbin Institute of Technology received the Second Prize of China's State Science and Technology Progress Award for high-performance tire technology and green intelligent manufacturing. Per the announcement, the company is the only Chinese tire maker to receive this award at the second-prize level or above in the last decade.

June 2025 -- ZC Rubber completed its initial public offering on the Shanghai Stock Exchange (SSE: 603049), issuing 87.45 million shares at RMB 46.50 per share for a total raise of approximately RMB 4.85 billion (roughly €600 million). The IPO was accompanied by disclosure of FY2024 operating data showing RMB 39.25 billion in revenue and RMB 3.79 billion in net profit.

Frequently asked questions

What does ZC Rubber make?
ZC Rubber manufactures a full range of tires including truck and bus radials, passenger car radials, OTR, agricultural, industrial solid, motorcycle, and bicycle tires. Products are sold under brand names including Westlake, Chaoyang, Goodride, Arisun, and Trazano across more than 190 countries.

Who owns ZC Rubber?
ZC Rubber (Zhongce Rubber Group Co., Ltd.) is publicly listed on the Shanghai Stock Exchange under ticker 603049, following its IPO in June 2025. The company was previously a state-affiliated enterprise based in Hangzhou, Zhejiang, China.

What is ZC Rubber's annual revenue?
ZC Rubber reported USD 5.9199 billion in sales revenue for FY2025, per the company's About page. The Berylls Top-100 2026 study reports €5,538 million for the automotive segment in FY2025, up approximately 9.9% from FY2024. FY2024 revenue was RMB 39.25 billion per the company's IPO prospectus.

Where is ZC Rubber headquartered?
ZC Rubber is headquartered at No. 1, No. 1 Street, Qiantang District, Hangzhou, Zhejiang 310018, China. The company operates production facilities across multiple sites in China and in Thailand, with sales offices in Germany, the United States, Brazil, and Indonesia.

Who are ZC Rubber's customers?
ZC Rubber's documented OE customers include Xiaomi Auto (Arisun 1 Star OE fitment for the SkyNomad N70, announced September 2026), Changan Automobile, and SAIC-GM, based on company-published awards and press releases. The company's global replacement-market business spans independent distributors and retailers in more than 190 countries through its multi-brand strategy.

Last verified Sep 2026. Is this your company? Request a correction.

Leadership

Jinrong Shen

Chairman and General Manager

Lida Xu

Deputy General Manager and Financial Director

Location & contact

Hangzhou (HQ)Headquarters · Zhejiang 310018, China
JiandeManufacturing · Zhejiang, China
AnjiManufacturing · Zhejiang, China
TianjinManufacturing · Tianjin, China
RayongManufacturing · Rayong, Thailand
HannoverSales Office · Hannover, Germany
Walnut, CASales Office · California, USA
Hangzhou (HQ)No. 1, No. 1 Street, Qiantang District, Hangzhou, Zhejiang 310018, ChinaGroup headquarters

Certification

IATF 16949:2016 (claimed) · ISO 9001:2015 · DOT · E-Mark · SmartWay

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