Hankook Tire & Technology Co. started supplying tires for Czech carmaker Skoda Auto’s all-electric SUV.
Skoda, which is part of the Volkswagen group, is the Czech Republic’s biggest exporting company.
Hankook began providing the Ventus S1 Evo3 electric vehicle tire in the first half of this year as an original equipment (OE) product for the Enyaq iV SUV.
The world’s seventh-largest tiremaker by sales has provided its OE tire products for 320 vehicles of around 50 foreign carmakers, including Audi, BMW, Mercedes-Benz, and Porsche
Although selling OE tires to automakers does not generate much profit for tire producers, having large corporations as customers boost their brand recognition and may eventually result in higher product prices.
Replacement equipment tires are more profitable for tire manufacturers to sell in after-sales markets.
Over 80 percent of Hankook Tire's entire revenue is made outside of its own country. It has eight plants with a combined annual production capacity of about 100 million tires, including two in South Korea, one in Hungary, one in the United States, three in China, and one in Indonesia.


DHL Q2 Profit Jumps 24% as Express Business Drives Growth
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan
The Beauty Beneath the Expressway: A Journey from Self to Service
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
The pandemic is still disrupting young people’s careers
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market
The American mass exodus to Canada amid Trump 2.0 has yet to materialize
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
Want to cut your energy bills? Here’s how five experts are doing it
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge
DeepSeek to Raise AI API Prices as Demand for New Models Surges
BOJ Rate Hike Expectations Rise Ahead of September Meeting 



