Triangle Group was founded by the Weihai government in 1976. Lacking a car industry in China, the company supplied tiny tyres to Indonesian street-sweepers rubbish carts in the following years. The company grew in size but did not make money until in 1993 with the installment of new management, Triangle reworked itself into a competitive enterprise. In making dramatic reforms, the company invested in new, more modern production and implemented strict workforce discipline. The restructuring would continue into the 2000s, when the company considered a public offering and so brought its accounting to developed world standards and continuously invested in more sophisticated manufacturing lines. These efforts to make itself a top league tire maker would be the subject of a profile article in The Economist during June 2008.
In recent years, the company has focused more on research and development, announcing a desire to become a technology leader, through research partnerships with universities. In 2011, it signed an agreement with the University of Akron to work together on polymer research and also opened an office in the same town of Akron, Ohio with plans for 30 employees. It partnered up in 2012 with the Harbin Institute of Technology to carry out research on designing and manufacturing tires for large bodied aircraft, enabling Triangle to compete with two other companies in China that already produce such tires.
In 2015, Triangle Group announced its first venture into the U.S. market with the opening of their new North American headquarters in Franklin, Tennessee inside the Nashville Metropolitan Area , and in late 2017 selected Edgecombe County, North Carolina as the location for its first manufacturing facility in the United States where it expects to manufacture 6 million tires annually .
At the start of 2016, Triangle truck and bus tyres started being distributed by multinational distributor Zenises.