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Seongjin Kim is the new Chief Digital Officer (CDO) of Hankook Tire & Technology Co., Ltd. His appointment to this role takes effect immediately and as CDO, Kim takes responsibility for further accelerating the group’s digital transformation.
Guinness World Records has acknowledged the Hankook Tire-supported ‘Volkswagen ID.4: Great Roadshow through the U.S.’ as the longest continuous journey by an electric vehicle (non-solar) in a single country. The 35,000-mile trip took place between 13 July and 18 October. The team’s VW ID.4 visited all 48 contiguous US states in all-electric mode, thereby breaking the previous record that was set in 2019.
Hankook Tire is adding new 18- and 19-inch sizes to its Kinergy AS ev range. The new dimensions in this expanded line-up, which now covers 16- to 19-inch fitments, will initially be available only in South Korea but will launch in other markets at a later date.
Hankook Tire’s 2021 Q2 financial results show consolidated global sales of KRW 1.806 trillion (EUR 1,336 million) and an operating profit reaching KRW 187 billion (EUR 138 million). Sales and operating profit rose 32.4 per cent and 167.1 per cent YoY and 11.7 per cent and 0.6 per cent QoQ respectively. In particular, sales of both original equipment (OE) tyres and replacement (RE) tyres grew compared to the same period last year. In addition, global sales of 18 inches and higher tyres accounted for 38 per cent of total passenger car and light truck tyre sales, a YoY increase of 5.4 percentage points.
Hankook Tire is introducing an ESG (Environment, Social, Governance) committee to strengthen its Board of Directors’ responsibility and activities in the area of sustainable management. The ESG committee will be responsible for consulting, deliberating, and recommending directions regarding environmental, social and governance businesses.
Hankook Tire confirms that its tyres will be original equipment on Volkswagen’s first all-electric SUV, the ID.4. The tyre maker will supply its Hankook Ventus S1 evo 3 ev in numerous sizes from the vehicle’s market launch. OEM fitment on the ID.4 follows the pairing of prototype Hankook Ventus S1 evo 3 ev tyres with the VW study ID. Crozz, the design of which the new ID.4 is based on.
Continuing our recently-introduced series of interviews with leading figures in the UK tyre industry, Tyres & Accessories spoke with Paul Emery, UK sales director, Hankook Tyre UK.
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In April, Goodyear shared that the new Audi e-tron GT is available factory-fitted with a 21-inch version of its Eagle F1 Asymmetric 5. Hankook Tire reports it is also supplying original equipment tyres to Audi’s electric performance saloon; the Hankook Ventus S1 evo 3 ev will be fitted to the e-tron GT in size 225/55R19 XL 103Y on the front axle and 275/45R19 XL 108Y on the rear.
Hankook will act as main sponsor of the 2021 BBC Top Gear Global Electric Vehicle Awards, which recognise the best EVs across 12 different award categories, including EV of the Year, Best Hatchback, SUV, Estate, and Hypercar. This arrangement builds upon other EV-related engagements, such as Hankook Tire’s upcoming tyre supply to the ABB FIA Formula E World Championship, the world’s first and only all-electric street racing Formula series.
Sumitomo Rubber Industries has begun supplying the Dunlop Enasave EC300+ to Lexus for certain versions of its first all-electric model, the UX300e. Meanwhile, Hankook Tire shares that it will equip the 2021 Honda Vezel hybrid for the Japanese market with its Kinergy Eco² tyre ex works.
The Hankook Smart Touring AL22 is specifically designed for bus and coach applications, and Hankook Tire & Technology is selling the tyre in all major global markets. After its launch in Europe, North America and the Middle East, Hankook is now introducing the Smart Touring AL22 in Asia.
Hankook’s 2021 Q1 financial results show consolidated global sales rising 12.6 per cent YoY to KRW 1.61 trillion (EUR 1.203 million) and an operating profit of KRW 186 billion (EUR 138 million); an increase of 75.5 per cent YoY. As the global market recovers from the impact of the pandemic, Hankook’s business has also been steadily recovering since the second half of 2020. The company is seeing sales stabilise in several major markets that include Europe, North America, and China, particularly in the high-inch tyre sector (tyres with diameters 18 inches or higher.) Global sales of high-inch tyres accounted for 38 per cent of total tyre sales, which is up 4 percentage points compared to the same period last year.
Hankook is celebrating 80 years in business in 2021. The tyre manufacturer is now firmly within the global top tier, with a strategy to consolidate its position further by increasing sales of larger, UHP tyres in major regions, supplying original equipment tyres for premium cars, and developing its electric vehicle market. In 2020, Hankook tyres performed well in independent tyre tests and expanded its original equipment business with premium car-makers. These included Porsche’s first high-performance electric sports car, Taycan, and Audi’s top models RS6, RS7 as well as Audi RS Q8. Overall, Hankook announced in its full year report for 2020 that it is targeting global sales of 7 trillion South Korean won (£4.6 billion) in 2021.
As reported earlier this month, Hankook Tire has released its latest winter products for motorists and Western and Central Europe. And the new tyre line is off to a promising start, with Auto Bild awarding the new tyre its top ‘exemplary’ rating in its winter 2020 comparative evaluation.
Hankook will supply tyres to Formula E as the series’ third generation tyre partner. The FIA (Federation Internationale de l’Automobile) confirmed Hankook after a tender process and FIA World Motor Sport Council approval. The world championship, which stages races in metropolitan areas around the globe, will run on “sustainably produced, particularly long-lasting and energy-saving Hankook tyres,” the manufacturer says. Tyres for Formula E have previously been supplied by Michelin, which was the series’ inaugural tyre partner.
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