Latest news with #HankookTire
Yahoo
03-06-2025
- Business
- Yahoo
Hankook Tire Commits Support to Boys & Girls Club of Middle Tennessee
$20,000 donation will support new club set to open in Clarksville, Tenn. NASHVILLE, Tenn., June 3, 2025 /PRNewswire/ -- Leading global tire manufacturer Hankook Tire has donated $20,000 to support the upcoming opening of the Boys and Girls Club of Middle Tennessee's (BGCMT) newest location in Clarksville, Tenn. At an event held on May 31, officials from Hankook Tire and BGCMT – Clarksville Club came together to officially announce the tiremaker's support of the club's initiatives as they look towards the opening of their Clarksville location. With this sponsorship, Hankook Tire will support BGCMT's plans to bring its services to the greater Clarksville area. BGCMT announced plans to open a new club in the area in June 2024, following a thorough assessment which identified a strong need for the club's presence to bring positive enrichment and activities to the city's youth. As Clarksville's population continues to grow rapidly – in part due to economic investments from companies such as Hankook – BGCMT will offer dedicated, curriculum-based programs to help Club Members achieve success in priority areas including academics, healthy lifestyles, and good character and leadership. "Clarksville is home to our North America manufacturing operation, and we are dedicated to supporting the community where so many of us live and work," said Rob Williams, President of Hankook Tire America Corp. "We have seen the great work that the Boys and Girls Club of Middle Tennessee has done in the region, and are certain that the Club's presence in Clarksville will bring important academic enrichment and community to many of our own employees' families. We are excited and honored to be able to support that mission." Hankook opened its first U.S. manufacturing plant in Clarksville in October 2017. Since then, the tiremaker has become an integral part of the Clarksville community. Its $800 million facility in Clarksville currently employs more than 1,000 employees and produces 5 million tires each year. The Tennessee Plant is currently undergoing two expansions simultaneously to expand production of both its Passenger Car and Light Truck (PCLT) and Truck and Bus Radial (TBR) lines. Upon completion of the expansion plan, the facility will achieve an expected annual production capacity of 10 million PCLT and 1 million TBR tires. This expansion will not only establish the Tennessee Plant as one of the largest in North America, but also bring additional jobs to the region and establish stronger relationships with the Clarksville community. Hankook presented the check to BGCMT – Clarksville Club during its Summer Festival community event held on May 31. The event brought together local vendors, entertainment and attractions for a family-friendly fundraiser for the Clarksville Club. In addition to the donation, Hankook served as a corporate sponsor for the Summer Festival. "We are incredibly grateful and excited to have Hankook Tire as a partner. Their generous donation demonstrates a profound belief in our mission and a commitment to the future of Clarksville's youth," said Deidre Ward, Boys & Girls Clubs of Middle Tennessee Board Member and Clarksville Committee Chair. "We have a significant need for safe, affordable, and enriching environments for the youth in our community. Hankook's investment will directly help us establish a club where every child can reach their full potential. We are thrilled to partner with a company that not only provides economic growth to our city but also deeply invests in the well-being and success of our youngest citizens." The Boys & Girls Clubs of Middle Tennessee – Clarksville Club is actively working in collaboration with the Clarksville-Montgomery County School System and anticipates operating within the local school facilities. About Hankook Tire America Tire America Corp. is a growing leader in the U.S. tire market, leveraging investments in technology, manufacturing and marketing to deliver high-quality, reliable products that are safer for consumers and the environment. Headquartered in Nashville, Tenn., Hankook Tire America Corp. markets and distributes a complete line of high-performance and ultra-high-performance passenger tires, light truck and SUV tires as well as medium truck and bus tires in the United States. Hankook Tire America Corp. is a subsidiary of Hankook Tire & Technology Co., Ltd., a Forbes Global 2000 company headquartered in Seoul, Korea. View original content to download multimedia: SOURCE Hankook Tire America Corp.
Arabian Post
05-05-2025
- Automotive
- Arabian Post
Formula E's GENBETA Achieves Regenerative Braking Milestone on Monaco Descent
Formula E has showcased a significant advancement in electric vehicle technology by completing a full lap of the Monaco circuit using energy solely regenerated through braking. This achievement was accomplished by the GENBETA prototype, a modified version of the GEN3 race car, during a controlled descent of over 1,000 vertical metres on the Col de Braus in the French Alps. The GENBETA prototype represents a leap in EV performance, integrating a suite of enhancements over the standard GEN3 model. Notably, it features an increased battery power output of 400kW, up from the GEN3's 350kW, achieved through the activation of the front powertrain kit in traction. This modification delivers all-wheel drive capabilities for the first time in a Formula E car, enhancing both acceleration and regenerative braking efficiency. Complementing the powertrain advancements, the GENBETA is equipped with a new, softer iON Race tyre compound developed by Hankook Tire. This compound allows for faster warm-up times and improved peak grip, essential for maintaining control during high-speed descents and energy recovery phases. Additionally, the vehicle incorporates 3D-printed aerodynamic components, including front wing endplates, wheel fins, and a wind deflector. These parts, developed in collaboration with SABIC, utilise sustainable thermoplastic materials to optimise airflow and reduce drag, further enhancing the car's efficiency. A critical component of this demonstration was the integration of artificial intelligence to analyse and optimise the vehicle's performance in real-time. Google Cloud's Vertex AI platform was employed to interpret telemetry data, providing drivers with actionable insights on speed, power, and grip. This AI-driven approach enabled precise adjustments to driving strategies, maximising energy regeneration during the descent. See also Hyundai Unveils Creta Grand Seven-Seater SUV in UAE The successful completion of the Monaco lap using only regenerated energy underscores the potential of regenerative braking systems in EVs. By converting kinetic energy into electrical energy during braking, these systems can significantly extend the range and efficiency of electric vehicles. The GENBETA's performance illustrates how advanced powertrain configurations and AI integration can harness this potential effectively. This demonstration also aligns with Formula E's broader commitment to sustainability and innovation in motorsport. The GENBETA project serves as a testbed for technologies that may be adopted in future EVs, both on the racetrack and in consumer vehicles. By pushing the boundaries of what's possible with electric propulsion and energy recovery, Formula E continues to play a pivotal role in the evolution of sustainable transportation.
Korea Herald
11-04-2025
- Automotive
- Korea Herald
Hankook Tire to supply EV tires for Hyundai Ioniq 9
Korean tire maker Hankook Tire & Technology announced Friday that it will supply its all-season electric vehicle tire, the iON evo AS SUV, for Hyundai Motor's flagship electric SUV, the Ioniq 9. Developed through close collaboration with Hyundai, the iON evo AS SUV is engineered with Hankook Tire's proprietary iON Innovative Technology that offers an optimal balance of low noise, high energy efficiency, strong grip and extended mileage. The tire features a specialized tread pattern that reduces road noise by up to nine decibels, enhancing the quiet and comfortable driving experience. For all-weather traction, the tire uses a high-silica compound blended with eco-friendly materials to ensure reliable grip on dry, wet and even light snowy surfaces. Its 3D grip control sipes further improve handling performance. The tire also provides extended driving range by significantly reducing rolling resistance, thanks to advanced low-temperature curing technology. Additionally, it spreads pressure to prevent the tires from wearing out, and stronger side and corner support helps the car stay stable. This latest supply deal follows Hankook Tire's earlier partnerships with the Hyundai Ioniq 6 and Kia's EV3 and EV9 models. The company plans to maintain its leadership in the EV tire market through ongoing innovation at facilities including Technoplex and Technodome.
Globe and Mail
19-02-2025
- Automotive
- Globe and Mail
Airless Tires Market Expected to Grow at a CAGR of 6.84% by 2032, Driven by Rising Vehicle Demand
The Airless Tires Market was estimated to be worth USD 0.05 billion in 2023. This industry is anticipated to expand from USD 0.05 billion in 2024 to USD 0.1 billion by 2032 The airless tires market is growing fast as more people and industries look for new and better tire options. Airless tires, also called non-pneumatic tires, do not need air to stay inflated. These tires are designed to avoid punctures, making them safer and longer-lasting than traditional tires. They are used in many vehicles, including bicycles, motorcycles, cars, and even heavy-duty machinery. With rising concerns about safety, sustainability, and lower maintenance costs, the demand for airless tires is expected to grow significantly in the coming years. The Airless Tires Market was estimated to be worth USD 0.05 billion in 2023. This industry is anticipated to expand from USD 0.05 billion in 2024 to USD 0.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.84% over the forecast period (2024 - 2032). The market's growth is driven by the rising demand for industrial vehicles, along with the increasing need for advanced tires and wheels. Additionally, tires with integrated connected features that offer convenience and driver assistance are playing a crucial role in accelerating market expansion. Market Drivers There are several factors driving the growth of the airless tires market. First, the increasing number of vehicles worldwide is creating a bigger need for reliable tires. Second, airless tires reduce the risk of accidents caused by tire blowouts, making them popular in the automotive and industrial sectors. Third, companies are investing heavily in research and development to create innovative tire designs that are both durable and environmentally friendly. Additionally, the rising popularity of electric vehicles (EVs) is also pushing the market forward, as airless tires can improve the efficiency and performance of these vehicles. Another important driver for the airless tires market is the growing demand for low-maintenance and long-lasting tire solutions. Traditional pneumatic tires require regular checks for air pressure and are prone to punctures, leading to unexpected downtime and repair costs. Airless tires, on the other hand, eliminate these concerns, offering a more convenient and cost-effective option for consumers and businesses alike. Moreover, governments and environmental organizations are encouraging the adoption of sustainable technologies, which is prompting manufacturers to develop eco-friendly airless tires made from recyclable materials. This shift not only supports global sustainability goals but also enhances brand reputation and customer loyalty, further boosting market growth. Get Free Sample Report for Detailed Market Insights; Key Companies in the Airless Tires market include Bridgestone Corporation (Japan) Hankook Tire (South Korea) The Goodyear Tire and Rubber Company (U.S.) Pirelli (U.S.) Sunitomo Rubber Industries (Japan) Amerityre Corporation (U.S.) Michelin (France) Toyo Tire and Rubber Co. Ltd. (Japan) Cooper Tire (U.S.) Tannus Ltd. (Korea) These companies are focusing on creating high-performance airless tires for various applications. They are working on improving the design, materials, and manufacturing processes to make these tires more affordable and widely available. Market Restraints Market Restraints Despite its growth, the airless tires market faces some challenges. One major restraint is the high cost of producing these tires compared to traditional ones. The manufacturing process is complex, and the materials used are often more expensive. Additionally, some airless tire models still have issues with heat dissipation and road grip, which can affect vehicle performance. The limited availability of airless tires in certain regions is another challenge that companies are working hard to overcome. Another significant challenge is consumer perception and acceptance. Since airless tires are relatively new in the market, many drivers are hesitant to switch from conventional tires due to concerns about durability and ride comfort. Educating the market about the benefits of airless tires, such as puncture resistance and longer lifespan, is essential to drive adoption. Moreover, the transition for automakers and aftermarket retailers to stock and service these tires also requires time and investment, adding another layer of complexity to market penetration. Airless Tires Market Segmentation Insights: The airless tires market is divided into different segments based on type, material, and application. Airless Tires Market Segmentation: Airless Tires Market By Type Outlook Radial Tires Bias Tires Airless Tires Market By Vehicle Type Outlook Two-Wheeler Passenger Cars Light/Heavy Industrial/Commercial Trucks & Buses Airless Tires Market By Material Type Outlook Rubber Plastic Airless Tires Market By Tire Size Outlook 20 inches 21–25 inches 26–30 inches 31–35 inches >35 inches Airless Tires Market By Sales Channel Outlook OEM Aftermarket This segmentation helps companies better understand market needs and create targeted products for each category. You can buy this market report at; Future Scope The future of the airless tires market looks promising. As technology advances, manufacturers are developing new materials and designs that address the current limitations of airless tires. The market is expected to expand as more people become aware of the benefits, including longer tire life, lower maintenance costs, and improved safety. In the coming years, we can expect to see airless tires become more common in both everyday vehicles and specialized industries. In conclusion, the airless tires market is on a strong growth path, driven by innovation and the need for safer, more durable tire solutions. As companies continue to invest in research and development, the market will likely overcome its current challenges and reach new heights. Top Trending Reports: Automotive AfterMarket E-Bike Market About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
