Aeolus Seeks RMB1.46bn To Triple Giant OTR Capacity

Aeolus Tyre has moved a step closer to a major off-highway push after the Shanghai Stock Exchange accepted its application to issue A-shares to selected investors in 2025. The company targets around RMB 1.46 billion (about £150.5 million, US$203.2 million) to expand giant OTR tyre output, a supply boost for mining and construction markets.  

Key Points

• SSE has accepted Aeolus’s A-share issuance application.
• Target raise: ~RMB 1.46bn (£150.5m, US$203.2m).
• Funds earmarked to triple annual giant OTR capacity.
• Deal still needs SSE review and CSRC registration.

Regulatory status

Aeolus reported that on 15 August 2025 it received notice that the Shanghai Stock Exchange had accepted its application to issue A-shares to specific entities. The company cautioned that implementation still requires exchange review and CSRC registration.  

What the money funds

Proceeds will be directed to a capacity expansion for giant off-the-road tyres. Aeolus says the investment will triple its annual capacity in this segment. Prior filings indicate the project is designed to add about 20,000 units a year at the upgraded facility.

[Paraphrased statement, no direct quote provided]: Management positions the project to meet rising demand for large mining and construction tyres, improve product mix, and expand share in higher-end fitments.

Why it matters for fleets and dealers

Giant OTR tyres are long-lead, capital-intensive products. Added capacity from a tier-one Chinese producer could ease availability in 2026, particularly for 49–57 inch mining sizes that often face allocation. The move follows broader OTR activity tracked by Tyre News, including new giant and jumbo ranges from Triangle and recent portfolio shifts at Yokohama.

Aeolus has staged funding in steps. In January 2025, it flagged a smaller issuance to 16 parties to support the same giant tyre project, which totals about RMB 1.464 billion. Today’s acceptance covers the larger 2025 targeted issuance.

Aeolus has also showcased heavy-duty products at sector events this year, signalling a sustained push in off-highway. See our earlier coverage from Bauma 2025.

The exchange will review the application, then the CSRC must register the deal before shares are placed. Aeolus says it will disclose progress according to Chinese listing rules. Timing remains subject to regulatory review.  

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