Double Coin Tires

Double Coin Tires (双钱轮胎) is a Chinese tire brand with roots dating back to 1920, when the Double Coin (双钱) trademark was established in Shanghai. It is one of China's oldest and most recognized tire brands, historically associated with the country's early rubber and tire manufacturing industry. The brand is owned and operated by Double Coin Holdings Ltd. (双钱集团股份有限公司), a listed company on the Shanghai Stock Exchange (ticker 600623) that is part of the Shanghai Huayi (Group) Company, a large state-linked chemical and industrial group. Double Coin's product range centers on commercial vehicle tires, particularly truck and bus radial tires, as well as off-the-road (OTR) tires for construction, mining, and industrial applications. The brand also offers passenger car tires and light truck tires, though its reputation is strongest in the commercial and OTR segments. Its products are marketed both in China and internationally, with a notable presence in North America, Europe, Asia, Africa, and Latin America. In the United States, Double Coin tires are distributed through a dedicated subsidiary, CMA/Double Coin Tires, which handles marketing and distribution for the North American market. The brand's long history and industrial heritage give it a strong position in the Chinese tire industry. Double Coin has invested in modern manufacturing facilities, including plants in Shanghai and other locations, and has pursued joint ventures and partnerships to expand its production capacity and technological capabilities. It competes with both domestic Chinese tire makers and international brands such as Michelin, Bridgestone, and Goodyear, positioning itself as a value-oriented but reliable option for commercial fleets and industrial users. As part of a state-owned enterprise group, Double Coin benefits from access to resources and industrial synergies, while also facing the challenges of a highly competitive global tire market. The brand continues to emphasize quality, durability, and cost-effectiveness, and it remains a significant player in China's tire export market. Its ongoing presence in international trade shows and its distribution network reflect its ambition to maintain and grow its global footprint.

The Double Coin brand traces its origins to 1920, when the Double Coin (双钱) trademark was created in Shanghai, making it one of China's earliest tire brands. The name "Double Coin" (双钱) refers to two coins, a symbol of prosperity and good fortune. The brand was established during a period when China's modern rubber industry was beginning to develop, and it became associated with domestic tire production. Over the decades, Double Coin grew alongside China's industrial expansion. After the founding of the People's Republic of China, the tire operations were reorganized under state ownership. The brand became part of the Shanghai tire manufacturing base, which was a key center for China's rubber and tire industry. In the late 20th century, as China's automotive and transportation sectors expanded rapidly, Double Coin focused on commercial vehicle tires, particularly truck and bus radials, to serve the growing logistics and construction markets. In the 1990s and 2000s, Double Coin Holdings Ltd. was established and listed on the Shanghai Stock Exchange (ticker 600623). The company became part of the Shanghai Huayi (Group) Company, a large state-owned chemical and industrial group. This affiliation provided the tire business with access to raw materials, research capabilities, and capital. During this period, Double Coin invested in modernizing its production facilities and expanding its product range to include OTR tires and passenger car tires. Double Coin also pursued international expansion. In North America, the brand is distributed by CMA/Double Coin Tires, a subsidiary that handles marketing, sales, and distribution. The brand has established a presence in Europe, Asia, Africa, and Latin America, often competing on price and durability. It has participated in major industry trade shows and has built a network of dealers and distributors. In recent years, Double Coin has continued to invest in technology and manufacturing, including the development of more fuel-efficient and durable tires. The company has also faced challenges such as trade tariffs and intense competition, but it remains a significant exporter of Chinese tires. Its long history and brand recognition make it a notable example of a Chinese industrial brand with global reach.

• 2000

  Brand expands internationally, with distribution in North America through CMA/Double Coin Tires.

• 1990

  Double Coin Holdings Ltd. listed on the Shanghai Stock Exchange (ticker 600623).

• 1920

  Double Coin (双钱) trademark established in Shanghai.

• Truck and bus radial tires

• Off-the-road (OTR) tires

• Passenger car tires

• Light truck tires

• 2023

  Source

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1. 1Double Coin Tires official websitedoublecoin-tires.com
2. 2双钱集团（安徽）回力轮胎一款汽车轮胎抽查不合格m.cqn.com.cn