French firm eyes explosive growth in China's new energy auto sector

With China entering a new era of green and innovation-led growth, Michelin Group, a French tire and mobility company, will allocate more resources to cut carbon emissions in the tire production process and introduce new polymer products in China, said a senior executive.

These initiatives encompass upgrading and renovating manufacturing equipment, developing advanced, eco-friendly resin adhesives and other polymer-based products that promote low-carbon mobility and align with China's commitments to green growth.

"We have already made rapid progress, with nearly one-third of our factories' electricity now powered by solar energy in China," said Matthew Ye, CEO and president of Michelin China and Mongolia, noting that the group has also converted much of its steam vulcanization equipment to electric vulcanization versions as demand for overall energy increases.