Shandong Yongtai Group Co., LTD, established in 1996, is an International enterprise group for producing tires, aluminum alloy wheels, auto parts and car body structure components, integrating thermo power, new energy, research and industry and trade. Yongtai Group is the first enterprise in Dongying City to specialize in manufacturing of passenger car radial tires through independent research and development, so that the company becomes the unique Chinese supplier of tires for the World Rally Championship, and the third tire company which has won the WRC after Michelin and Pirelli. In the tire industry, Yongtai Group insists upon excellence and focuses on the introduction of advanced technology and high-end equipment, which helps to develop and create high-precision products. The main tire products are passenger car radial tires, light truck radial tires, truck radial tires, racing tires, MT tires, run-flat tires, SUV tires, snow tires and color tires, exported to over 100 countries and regions across Europe, America, Australia, Middle East, South-east Asia and Africa ect. Those products are under a range of quality brands including DURUN, Banners, Goldway. Especially DURUN tires, using modern American and European manufacturing methods and equipment, are constantly being extended and developed with a view to becoming a major force within the European tire market. On July 13, 2013, Yongtai Group merged the British Covpress International Holdings Ltd., Co, and achieved cooperation with world-renowned automotive companies, such as Jaguar, Land Rover and Renault. On June 12, 2015, Yongtai Group merged Japan Honda ‘UYT’ Auto Parts Factory, and renamed it as “Covpress Assembly Co., Ltd”. Those moves have promoted the strength and aggressiveness of Yongtai. Yongtai has recently founded a number of new businesses, including aluminum alloy wheels of Shandong Jiutai Auto Parts Technology and auto parts of Shandong Covpress Machinery Co., Ltd.