Investing 2.27 Billion! Wanli Tire Overseas New Factory Settled

Recently, Wanli Tire's overseas expansion strategy has achieved substantial progress. According to reports, Wanli Tire plans to invest approximately 1.37 billion Ringgit (equivalent to about 2.273 billion RMB) in Selangor State, Malaysia, to establish "Wanli Tire (Malaysia) Co., Ltd." and build its second overseas factory. This move marks Wanli Tire advancing on two fronts simultaneously through "overseas capacity expansion + domestic capital operations," comprehensively accelerating its global layout.

Total Investment 2.27 Billion, Planned Capacity of 6.2 Million Units

The new factory will be located in Ulu Selangor District, Selangor State, with a planned annual capacity totaling 6.2 million tires, covering 5 million passenger car radial tires and 1.2 million truck radial tires. The project is not merely a capacity output but focuses more on technology transfer and talent localization. It is expected to create 1,350 job positions locally, covering high-skill positions such as engineers, quality control experts, and management personnel.

Selangor State Executive Councilor Huang Sihan stated that Wanli Tire's final choice of Selangor after evaluating the entire Southeast Asia region proves the locality's international competitiveness in industrial ecology, logistics, and policy stability. As a natural rubber production base, Malaysia's implementation of Wanli Tire has achieved localization in three links: resources, production, and export, keeping the industrial added value locally.

IPO Application Accepted, Fundraising to Support Globalization Layout

Wanli Tire's factory construction plan aligns closely with its recent capital operations. On June 23, Wanli Tire's IPO application for the Shenzhen Stock Exchange Main Board was formally accepted, with a proposed fundraising of 2 billion RMB. The prospectus shows that the raised funds will be invested in five major projects, with the Malaysia production base being a crucial part of them. Other projects also include a new Cambodia project, expansion of the Conghua base, and upgrade of the R&D center, etc.

With the intensification of domestic market competition and the complexification of the international trade environment, Chinese enterprises going overseas to build factories has become a trend. Wanli Tire takes Malaysia as a new overseas pivot, combined with the progress of the Cambodia project, aiming to optimize the global capacity layout. Introducing capital market liquidity through IPO will provide solid financial security for its vast overseas expansion plan.

Empowering Local Industrial Chains, Going Overseas Towards High-Quality Development

Wanli Tire's Malaysia project not only focuses on capacity expansion but also emphasizes quality improvement and efficiency enhancement. It is reported that the new factory will adopt intelligent production lines, significantly improving production efficiency and achieving full-process environmental monitoring, aligning with Malaysia's "Green Industry 4.0" strategy. Meanwhile, the establishment of an international-level manufacturer also means significant technology transfer, and the skills mastered by local employees will remain in Malaysia.

With the in-depth layout of Chinese enterprises such as Wanli Tire, Selangor State is expected to become an important industrial hub for automotive parts in Southeast Asia. Wanli Tire taking Malaysia as a new overseas pivot, combined with the progress of the Cambodia project, not only optimizes the global capacity layout and effectively avoids trade barriers but also injects new momentum into the Chinese tire industry in international supply chain cooperation.