Wanli Tire Corporation Limited (WANLI TIRE, formerly known as Guangzhou Fengli Tire & Rubber Co., Ltd., is a large-scale wholly state-owned enterprise founded in December 2004. A joint-venture between Guangzhou Wanli Group Co., Ltd. (Wanli Group) and Guangzhou South China Tire & Rubber Co., Ltd. (South China Tire & Rubber), Wanli Tire is located in Pearl Industrial Park in Conghua. The foundation for Wanli Tire was laid on July 29, 2005, and the first high performance tire rolled off its production lines on September 15, 2006. Wanli Tire, which formally changed its name on March 28, 2016, has a registered capital of 1.2 billion yuan. Its parent company, South China Tire & Rubber, founded in 1988, was the first large-scale state-owned enterprise to introduce professional technology to produce full-series radial tires in China. Wanli Tire, with annual capacity of 16 million tires and 2,100 employees, is the largest radial tire manufacturer in Southern China and one of the largest radial tire exporters in the country. Wanli Tire is a member of Guangzhou’s Manufacturing Top 100.