Hankook Tire becomes the official supplier of sustainable tires to Formula E’s racing series. One of the main goals of Formula E is to make racing more sustainable. It does this by racing electrical vehicles, not selling plastic or paper tickets, and operating free water-filling stations at events. Partnering with Hankook pushes its efforts to […]
Category Archives: Hankook Resources
13
Sep
Sep
Last week, the board of directors at Hankook Tire approved a $1.6B investment to expand the Tennesee plant. The expansion will double the company’s capacity for light truck and passenger car tire production. Phase 3 is also part of the plan to allow for the manufacture of Truck Bus and Radial (TBR) tires for the […]
26
Aug
Aug
The FIA World Formula E Championships is parting ways with Michelin Group after eight years. The French tire manufacturer announced on 18 Aug that they were withdrawing from the event. The announcement came from the founding partner and investor who took it on in 2013. It follows the end of the 2021/2022 campaign that ended […]
17
Aug
Aug
Just recently, Hankook Tire and Technology Co. said that almost half of its orders came from electric vehicle-exclusive variants. The company has just concluded contracts with about 22 automakers for 60 car models. The Hankook tires for these models are currently in development. Among them are for EVs from 12 car brands. The tire maker […]
12
Aug
Aug
Hankook Tire posted a 12.9% increase in year-on-year sales in the second quarter. This accumulated to KRW 2,039.9 billion. Operating profit stood at KRW 175.2 billion, marking a 6.3% decrease from the 3 months to 30 June last year. The company credited the decline to external challenges experienced in the rise in the cost of […]
26
Jul
Jul
Hankook has partnered with Rescale, a high-performance computing (HPC) cloud simulation platform provider, to help accelerate its digital transformation. The platform will improve Research and Development workflow since the computing resources are scalable. The R&D process requires data-driven simulation due to the complex characteristics and structure of a tire. HPC will allow Hankook to process […]
09
Jun
Jun
Hankook Tire has established a corporate governance charter to promote transparent social, environmental, and governance management. The charter will help lay the foundation for the company’s sustainable business. It was approved on May 9. In addition, it will enhance the independence and professionalism of the board of directors and uphold the rights and interests of […]
16
May
May
Hankook Tire is set to supply BMW’s first fully-electric Gran Coupe with its ultra-high-performance (UHP) tire. The BMW i4 will ride on the Ventus S1 evo 3 available in sizes 18-inch and 19-inch widths. It will also be available in a 19-inch run-flat option and an 18-inch all-position option. The Ventus S1 evo 3 comes […]
23
Apr
Apr
The Mercedes-Benz S-Class will feature three different types of Hankook tires as original equipment. The tires are designed to perform in summer, winter, and all-season conditions. They will have an “MO” label on the wall that stands for “Mercedes Original.” Mercedes-Benz only uses tires with this seal of approval as original equipment. The tires must […]
17
Apr
Apr
The Hankook Ventus S1 evo 3 ultra-high-performance tires will come as original equipment in the BMW electric i4 Gran Coupe. It’s available in sizes 18 to 19-inch widths. The company will provide an 18-inch all-position option and a 19-inch run-flat option. “The Ventus S1 evo 3 combines a reinforced sidewall with a high-strength bead core, […]